IRIS Accounts Production
v19.1.1.57
07575734
Board of Directors
1.4.18
31.3.19
31.3.19
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75,000.00000
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07575734
2018-03-31
07575734
2019-03-31
07575734
2018-04-01
2019-03-31
07575734
2017-03-31
07575734
2017-04-01
2018-03-31
07575734
2018-03-31
07575734
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2018-04-01
2019-03-31
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2018-04-01
2019-03-31
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2019-03-31
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2019-03-31
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2018-04-01
2019-03-31
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2019-03-31
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2019-03-31
07575734
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2019-03-31
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2018-04-01
2019-03-31
07575734
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2019-03-31
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2019-03-31
07575734
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2018-03-31
07575734
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2019-03-31
07575734
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2018-03-31
07575734
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2019-03-31
07575734
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2018-03-31
07575734
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2018-04-01
2019-03-31
07575734
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2018-04-01
2019-03-31
07575734
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2018-04-01
2019-03-31
07575734
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2018-03-31
07575734
ns5:NetGoodwill
2019-03-31
07575734
ns5:NetGoodwill
2018-03-31
07575734
ns5:FurnitureFittings
2018-03-31
07575734
ns5:MotorVehicles
2018-03-31
07575734
ns5:MotorVehicles
2018-04-01
2019-03-31
07575734
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2019-03-31
07575734
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2019-03-31
07575734
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2018-03-31
07575734
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2018-03-31
07575734
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07575734
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07575734
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2019-03-31
REGISTERED NUMBER:
07575734
(England and Wales)
|
Unaudited Financial Statements for the Year Ended 31 March 2019
|
Notes to the Financial Statements
|
4
|
|
|
REGISTERED OFFICE:
|
The Sphere
|
|
REGISTERED NUMBER:
|
07575734 (England and Wales)
|
|
ACCOUNTANTS:
|
Business Help UK Ltd
|
Intangible assets
|
4
|
50,000
|
|
50,000
|
|
|
Tangible assets
|
5
|
28,978
|
|
38,637
|
|
|
Debtors
|
7
|
373,427
|
|
303,965
|
|
|
Cash at bank and in hand
|
497
|
|
1,564
|
|
|
Amounts falling due within one year
|
8
|
78,872
|
|
94,734
|
|
|
NET CURRENT ASSETS
|
386,131
|
|
301,145
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES
|
465,109
|
|
389,782
|
|
|
Amounts falling due after more than
one year
|
9
|
-
|
|
3,637
|
|
|
NET ASSETS
|
465,109
|
|
386,145
|
|
|
Called up share capital
|
10
|
3
|
|
3
|
|
|
Retained earnings
|
465,106
|
|
386,142
|
|
|
SHAREHOLDERS' FUNDS
|
465,109
|
|
386,145
|
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for:
|
(a)
|
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
|
(b)
|
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on
20 December 2019 and were signed
on its behalf by:
|
|
Pelene Retail Limited is a
private company, limited by shares , registered in England and Wales. The
|
|
company's registered number and registered office address can be found on the Company
|
|
Basis of preparing the financial statements
|
|
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
Turnover is measured at the fair value of the consideration received or receivable, excluding
|
|
discounts, rebates, value added tax and other sales taxes.
|
|
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years. |
|
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
|
|
measured at cost less any accumulated amortisation and any accumulated impairment losses.
|
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Fixtures and fittings
|
-
|
25% on reducing balance |
|
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
|
|
obsolete and slow moving items.
|
|
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
|
|
Statement, except to the extent that it relates to items recognised in other comprehensive income
|
|
Current or deferred taxation assets and liabilities are not discounted.
|
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
|
|
enacted or substantively enacted by the balance sheet date.
|
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
|
|
at the balance sheet date.
|
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods
|
|
different from those in which they are recognised in financial statements. Deferred tax is measured
|
|
using tax rates and laws that have been enacted or substantively enacted by the year end and that
|
|
are expected to apply to the reversal of the timing difference.
|
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
|
|
probable that they will be recovered against the reversal of deferred tax liabilities or other future
|
|
Pension costs and other post-retirement benefits
|
|
The company operates a defined contribution pension scheme. Contributions payable to the
|
|
company's pension scheme are charged to profit or loss in the period to which they relate.
|
3.
|
EMPLOYEES AND DIRECTORS
|
|
The average number of employees during the year was
23 (2018 -
26 ) .
|
4.
|
INTANGIBLE FIXED ASSETS
|
|
and 31 March 2019
|
115,821
|
|
14,648
|
|
130,469
|
|
|
|
At 1 April 2018
|
83,363
|
|
8,469
|
|
91,832
|
|
|
|
Charge for year
|
8,114
|
|
1,545
|
|
9,659
|
|
|
|
At 31 March 2019
|
91,477
|
|
10,014
|
|
101,491
|
|
|
|
At 31 March 2019
|
24,344
|
|
4,634
|
|
28,978
|
|
|
|
At 31 March 2018
|
32,458
|
|
6,179
|
|
38,637
|
|
|
|
Finished goods
|
91,079
|
|
90,350
|
|
|
7.
|
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Trade debtors
|
-
|
|
(14,109
|
) |
|
|
Other debtors
|
373,427
|
|
318,074
|
|
|
8.
|
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Bank loans and overdrafts
|
16,523
|
|
28,593
|
|
|
|
Corp tax paid
|
(19,137 |
) |
(32,510 |
) |
|
|
Social security and other taxes
|
5,098
|
|
5,001
|
|
|
|
Accrued expenses
|
748
|
|
21,030
|
|
|
9.
|
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|
|
|
Bank loans - 2-5 years
|
-
|
|
8,486
|
|
|
|
Bank loan repayments
|
- |
|
(4,849 |
) |
|
10.
|
CALLED UP SHARE CAPITAL
|
|
Allotted, issued and fully paid:
|
|
Number:
|
Class:
|
Nominal
|
31.3.19
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31.3.18
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