Registered number
09734352
FINE PINE LTD
Filleted Accounts
31 August 2023
FINE PINE LTD
Registered number: 09734352
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,492 902
Current assets
Stocks 10,200 11,300
Debtors 4 3,850 4,362
Cash at bank and in hand 4,189 11,972
18,239 27,634
Creditors: amounts falling due within one year 5 (11,873) (11,790)
Net current assets 6,366 15,844
Net assets 12,858 16,746
Capital and reserves
Called up share capital 50 50
Profit and loss account 12,808 16,696
Shareholders' funds 12,858 16,746
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
FATIMA HUSSAIN
Director
Approved by the board on 26 September 2023
FINE PINE LTD
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 5,183
Additions 6,800
At 31 August 2023 11,983
Depreciation
At 1 September 2022 4,281
Charge for the year 1,210
At 31 August 2023 5,491
Net book value
At 31 August 2023 6,492
At 31 August 2022 902
4 Debtors 2023 2022
£ £
Trade debtors 3,850 4,362
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,354 7,579
Taxation and social security costs 1,375 1,302
Other creditors 2,144 2,909
11,873 11,790
6 Other information
FINE PINE LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 6, LADY ANN ROAD
SOOTHILL
BATLEY
WEST YORKSHIRE
WF17 0PS
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