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REGISTERED NUMBER: 02006744 (England and Wales)















M. PINCHES & SONS LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2023






M. PINCHES & SONS LIMITED (REGISTERED NUMBER: 02006744)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


M. PINCHES & SONS LIMITED

Company Information
for the year ended 30 April 2023







Directors: M Pinches
Mrs J E Pinches
M J Pinches
P T Pinches
K P Pinches





Secretary: Mrs J E Pinches





Registered office: 93c Droitwich Road
Fernhill Heath
Worcester
Worcestershire
WR3 8RJ





Registered number: 02006744 (England and Wales)





Accountants: Haines Watts Birmingham LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE

M. PINCHES & SONS LIMITED (REGISTERED NUMBER: 02006744)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,316,252 1,219,870
Investments 6 120,000 120,000
1,436,252 1,339,870

Current assets
Stocks 5,701 7,916
Debtors 7 568,120 559,195
Cash at bank and in hand 482,146 795,646
1,055,967 1,362,757
Creditors
Amounts falling due within one year 8 332,619 471,525
Net current assets 723,348 891,232
Total assets less current liabilities 2,159,600 2,231,102

Creditors
Amounts falling due after more than one
year

9

(18,944

)

(62,941

)

Provisions for liabilities (125,648 ) (108,926 )
Net assets 2,015,008 2,059,235

Capital and reserves
Called up share capital 107 107
Share premium 11,873 11,873
Capital redemption reserve 15 15
Retained earnings 2,003,013 2,047,240
2,015,008 2,059,235

M. PINCHES & SONS LIMITED (REGISTERED NUMBER: 02006744)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 4 October 2023 and were signed on its behalf by:





M Pinches - Director


M. PINCHES & SONS LIMITED (REGISTERED NUMBER: 02006744)

Notes to the Financial Statements
for the year ended 30 April 2023

1. Statutory information

M. Pinches & Sons 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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.

M. PINCHES & SONS LIMITED (REGISTERED NUMBER: 02006744)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 33 (2022 - 33 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 May 2022
and 30 April 2023 85,000
Amortisation
At 1 May 2022
and 30 April 2023 85,000
Net book value
At 30 April 2023 -
At 30 April 2022 -

5. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Cost
At 1 May 2022 948,535 242,292 1,700,928 2,891,755
Additions - 2,450 401,739 404,189
Disposals - - (304,500 ) (304,500 )
At 30 April 2023 948,535 244,742 1,798,167 2,991,444
Depreciation
At 1 May 2022 290,293 201,834 1,179,758 1,671,885
Charge for year 18,971 17,815 262,271 299,057
Eliminated on disposal - - (295,750 ) (295,750 )
At 30 April 2023 309,264 219,649 1,146,279 1,675,192
Net book value
At 30 April 2023 639,271 25,093 651,888 1,316,252
At 30 April 2022 658,242 40,458 521,170 1,219,870

M. PINCHES & SONS LIMITED (REGISTERED NUMBER: 02006744)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 May 2022
and 30 April 2023 227,800
Depreciation
At 1 May 2022 76,819
Charge for year 17,850
At 30 April 2023 94,669
Net book value
At 30 April 2023 133,131
At 30 April 2022 150,981

6. Fixed asset investments
Other
investments
£
Cost
At 1 May 2022
and 30 April 2023 120,000
Net book value
At 30 April 2023 120,000
At 30 April 2022 120,000

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 458,429 448,177
Other debtors 2,122 702
Directors' current accounts - 188
Prepayments 107,569 110,128
568,120 559,195

8. Creditors: amounts falling due within one year
2023 2022
£ £
Hire purchase contracts 23,611 28,333
Trade creditors 204,556 289,452
Tax - 65,216
Social security and other taxes 14,849 16,747
VAT 58,985 40,694
Directors' current accounts 24,588 25,548
Accrued expenses 6,030 5,535
332,619 471,525

M. PINCHES & SONS LIMITED (REGISTERED NUMBER: 02006744)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts - 23,611
Directors loan account 18,944 39,330
18,944 62,941