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REGISTERED NUMBER: 03145747 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Pitwherry Limited

Pitwherry Limited (Registered number: 03145747)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pitwherry Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: D G W Curtis
Miss E J E Curtis





REGISTERED OFFICE: Field House Farm
Foston-on-the-Wolds
Driffield
East Yorkshire
Y025 8BJ





REGISTERED NUMBER: 03145747 (England and Wales)





ACCOUNTANTS: WOODGATES
Chartered Accountants
25 Woodgates Lane
North Ferriby
East Yorkshire
HU14 3JR

Pitwherry Limited (Registered number: 03145747)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 310,168 335,664

CURRENT ASSETS
Debtors 6 106,135 95,104
Cash at bank 373,952 455,780
480,087 550,884
CREDITORS
Amounts falling due within one year 7 31,159 22,748
NET CURRENT ASSETS 448,928 528,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,096

863,800

CREDITORS
Amounts falling due after more than one
year

8

30,855

40,626
NET ASSETS 728,241 823,174

CAPITAL AND RESERVES
Called up share capital 446,500 446,500
Retained earnings 281,741 376,674
SHAREHOLDERS' FUNDS 728,241 823,174

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.

Pitwherry Limited (Registered number: 03145747)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





D G W Curtis - Director


Pitwherry Limited (Registered number: 03145747)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Pitwherry 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements via three fixed term bank loans and an annual bank overdraft facility. The company anticipates to operate within the agreed facilities and therefore the financial statements have been prepared on a going concern basis.

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 etc - 25% on cost, 15% on cost and 5% on cost

Financial instruments
Cash and bank balances
Cash and bank balances are recognised at transaction price.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pitwherry Limited (Registered number: 03145747)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 590,119
Additions 2,220
Disposals (3,508 )
At 30 April 2023 588,831
DEPRECIATION
At 1 May 2022 254,455
Charge for year 27,716
Eliminated on disposal (3,508 )
At 30 April 2023 278,663
NET BOOK VALUE
At 30 April 2023 310,168
At 30 April 2022 335,664

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 11,074 1,683
Other debtors 95,061 93,421
106,135 95,104

Pitwherry Limited (Registered number: 03145747)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,621 4,921
Taxation and social security 963 196
Other creditors 6,575 7,631
31,159 22,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 30,855 40,626

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 626