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REGISTERED NUMBER: 04715941 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

PINE WORLD SUPERSTORES LIMITED

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

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


PINE WORLD SUPERSTORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: M C E Hotson
Mrs L E Hotson
S Vickerman





SECRETARY: Mrs L E Hotson





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





BUSINESS ADDRESS: Units 2, 3 & 4 The Wyndham Centre
Dairy Meadow Lane
Southampton Road
Salisbury
SP1 2TJ





REGISTERED NUMBER: 04715941 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 761,608 784,906
761,609 784,907

CURRENT ASSETS
Stocks 938,667 1,165,330
Debtors 6 127,593 108,645
Cash at bank 178,648 328,472
1,244,908 1,602,447
CREDITORS
Amounts falling due within one year 7 376,150 518,057
NET CURRENT ASSETS 868,758 1,084,390
TOTAL ASSETS LESS CURRENT LIABILITIES 1,630,367 1,869,297

CREDITORS
Amounts falling due after more than one
year

8

(123,556

)

(180,184

)

PROVISIONS FOR LIABILITIES (27,364 ) (38,928 )
NET ASSETS 1,479,447 1,650,185

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,478,447 1,649,185
SHAREHOLDERS' FUNDS 1,479,447 1,650,185

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.

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

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 10 November 2023 and were signed on its behalf by:





M C E Hotson - Director


PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Pine World Superstores 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of five 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.
Freehold property - 1% on cost
Improvements to property - 1% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

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


PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 31 ) .

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 160,000
AMORTISATION
At 1 May 2022
and 30 April 2023 159,999
NET BOOK VALUE
At 30 April 2023 1
At 30 April 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 630,461 440,128 1,070,589
Additions - 3,301 3,301
At 30 April 2023 630,461 443,429 1,073,890
DEPRECIATION
At 1 May 2022 50,440 235,243 285,683
Charge for year 6,305 20,294 26,599
At 30 April 2023 56,745 255,537 312,282
NET BOOK VALUE
At 30 April 2023 573,716 187,892 761,608
At 30 April 2022 580,021 204,885 784,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,527 39,783
Other debtors 71,066 68,862
127,593 108,645

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 56,287 55,087
Trade creditors 172,618 162,934
Taxation and social security 57,452 132,074
Other creditors 89,793 167,962
376,150 518,057

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 123,556 180,184

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 298,821 353,621
Between one and five years 141,730 224,882
440,551 578,503

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Golden "A" Ordinary £1 - 1
(2022 - 1 )
475 "A" Ordinary £1 475 799
475 "B" Ordinary £1 475 200
50 "C" Ordinary £1 50 -
1,000 1,000

11. RELATED PARTY DISCLOSURES

Creditors due within one year include £1,116 (2022 - £12,694) which is owed to the directors of the company.