Pokito Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08311961 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

for

Pokito Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Ollerenshaw

O P Moreno

SECRETARY:

REGISTERED OFFICE:

41 Artillery Lane

London

E1 7LP

REGISTERED NUMBER:

08311961 (England and Wales)

ACCOUNTANTS:

Amity Accountants

04 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

FIXED ASSETS

Tangible assets

4

17,344

18,861

CURRENT ASSETS

Debtors

8,003

9,240

Cash at bank

14,194

2,593

22,197

11,833

CREDITORS

Amounts falling due within one year

104,534

157,266

NET CURRENT LIABILITIES

(82,337

)

(145,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(64,993

)

(126,572

)

CREDITORS

Amounts falling due after more than one year

5

50,000

-

NET LIABILITIES

(114,993

)

(126,572

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

(115,093

)

(126,672

)

SHAREHOLDERS' FUNDS

(114,993

)

(126,572

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 19 August 2021 and were signed on its behalf by:

J Ollerenshaw - Director

1.	STATUTORY INFORMATION

Pokito 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 Information page.

2.	ACCOUNTING POLICIES

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Taxation

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 or directly in equity.

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

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 taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2019

and 30 November 2020

78,482

DEPRECIATION

At 1 December 2019

59,621

Charge for year

1,517

At 30 November 2020

61,138

NET BOOK VALUE

At 30 November 2020

17,344

At 30 November 2019

18,861

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.11.20

30.11.19

£

£

Repayable by instalments

Bank loans more 5 yr by instal

50,000

-

6.

RESERVES

Retained

earnings

£

At 1 December 2019

(126,672

)

Profit for the year

11,579

At 30 November 2020

(115,093

)