2022-04-212023-04-302023-04-30false14059577PIT LANE PRINTS 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PIT LANE PRINTS LTD

Registered Number
14059577
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2023

PIT LANE PRINTS LTD
Company Information
for the period from 21 April 2022 to 30 April 2023

Director

BEVINGTON, Emma Charlotte

Registered Address

C/O Venture Finance Management Suite 304, Cotton Exchange
Old Hall Street
Liverpool
L3 9LQ

Registered Number

14059577 (England and Wales)
PIT LANE PRINTS LTD
Balance Sheet as at
30 April 2023

Notes

2023

£

£

Current assets
Debtors170
Cash at bank and on hand1,141
1,311
Net current assets (liabilities)1,311
Total assets less current liabilities1,311
Creditors amounts falling due after one year(2,333)
Net assets(1,022)
Capital and reserves
Called up share capital1
Profit and loss account(1,023)
Shareholders' funds(1,022)
The financial statements were approved and authorised for issue by the Director on 18 November 2023, and are signed on its behalf by:
BEVINGTON, Emma Charlotte
Director
Registered Company No. 14059577
PIT LANE PRINTS LTD
Notes to the Financial Statements
for the period ended 30 April 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is designing and selling artwork.
4.Basis of measurement used in financial statements
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).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern.
6.Employee information

2023
Average number of employees during the year1
7.Description of nature of transactions and balances with related parties
As at the year end, the director owed the company £170. This loan is interest free and repayable within 9 months of the year end.