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REGISTERED NUMBER: 01658973 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pinewoods Ltd.

Pinewoods Ltd. (Registered number: 01658973)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pinewoods Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Carpenter
Mrs D Carpenter





SECRETARY: J Carpenter





REGISTERED OFFICE: Franklin House
Station Approach
Sheperton
Middlesex
TW17 8AR





REGISTERED NUMBER: 01658973 (England and Wales)





ACCOUNTANTS: K H Accounting
12 Montgomery Road
Newbury
Berkshire
RG14 6HU

Pinewoods Ltd. (Registered number: 01658973)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,253 24,203

CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 832,422 667,609
Cash at bank 415,341 471,132
1,249,763 1,140,741
CREDITORS
Amounts falling due within one year 7 599,068 519,586
NET CURRENT ASSETS 650,695 621,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,948

645,358

PROVISIONS FOR LIABILITIES 11,813 4,618
NET ASSETS 686,135 640,740

CAPITAL AND RESERVES
Called up share capital 8 208 208
Retained earnings 685,927 640,532
SHAREHOLDERS' FUNDS 686,135 640,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Pinewoods Ltd. (Registered number: 01658973)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 17 October 2023 and were signed on its behalf by:





J Carpenter - Director


Pinewoods Ltd. (Registered number: 01658973)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Pinewoods Ltd. 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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pinewoods Ltd. (Registered number: 01658973)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 368 (2022 - 327 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 106,590 83,244 32,904 35,379 258,117
Additions 13,466 - 22,995 2,371 38,832
At 31 March 2023 120,056 83,244 55,899 37,750 296,949
DEPRECIATION
At 1 April 2022 99,583 76,429 27,478 30,424 233,914
Charge for year 5,143 1,703 7,105 1,831 15,782
At 31 March 2023 104,726 78,132 34,583 32,255 249,696
NET BOOK VALUE
At 31 March 2023 15,330 5,112 21,316 5,495 47,253
At 31 March 2022 7,007 6,815 5,426 4,955 24,203

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 807,760 660,381
Other debtors 24,662 7,228
832,422 667,609

Pinewoods Ltd. (Registered number: 01658973)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 21,143 21,574
Taxation and social security 334,684 288,730
Other creditors 243,241 209,282
599,068 519,586

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
206 Ordinary 206 206 206
1 B Shares £1 1 1
1 C Shares £1 1 1
208 208

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Carpenter.

The ultimate controlling party is J Carpenter.