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REGISTERED NUMBER: 02898478 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

PINEBEAM LTD

PINEBEAM LTD (REGISTERED NUMBER: 02898478)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PINEBEAM LTD

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D Peever
R Edwards
S Glick



SECRETARY: J Peever



REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY



REGISTERED NUMBER: 02898478 (England and Wales)



ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY



BANKERS: Barclays Bank
Pontypridd Business Centre
South Wales Valleys Group
PO Box No 32
Pontypridd
Mid Glamorgan
CF37 4YA

PINEBEAM LTD (REGISTERED NUMBER: 02898478)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,910 28,838

CURRENT ASSETS
Stocks 13,750 15,420
Debtors 5 440,782 475,900
Cash at bank and in hand 38,019 31,035
492,551 522,355
CREDITORS
Amounts falling due within one year 6 211,455 140,751
NET CURRENT ASSETS 281,096 381,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,006

410,442

CREDITORS
Amounts falling due after more than one
year

7

(109,464

)

(161,560

)

PROVISIONS FOR LIABILITIES (10,478 ) (8,453 )
NET ASSETS 203,064 240,429

CAPITAL AND RESERVES
Called up share capital 360 360
Retained earnings 202,704 240,069
SHAREHOLDERS' FUNDS 203,064 240,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 23 November 2023 and were signed on its behalf by:



D Peever - Director


PINEBEAM LTD (REGISTERED NUMBER: 02898478)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pinebeam 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 derived from the company's ordinary activities and represents invoiced sales of goods and services and is stated net of trade discounts, 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
Motor vehicles - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 23 ) .

PINEBEAM LTD (REGISTERED NUMBER: 02898478)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 13,740 61,075 74,815
Additions 5,423 15,833 21,256
At 28 February 2023 19,163 76,908 96,071
DEPRECIATION
At 1 March 2022 3,435 42,542 45,977
Charge for year 2,911 5,273 8,184
At 28 February 2023 6,346 47,815 54,161
NET BOOK VALUE
At 28 February 2023 12,817 29,093 41,910
At 28 February 2022 10,305 18,533 28,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 440,782 459,853
Other debtors - 16,047
440,782 475,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 46,412 40,000
Hire purchase contracts - 1,560
Trade creditors 72,697 65,605
Taxation and social security 37,671 29,326
Other creditors 54,675 4,260
211,455 140,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 109,464 160,000
Hire purchase contracts - 1,560
109,464 161,560

PINEBEAM LTD (REGISTERED NUMBER: 02898478)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
D Peever
Balance outstanding at start of year 16,048 4,620
Amounts advanced 2,942 16,428
Amounts repaid (29,845 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,855 ) 16,048

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,538 were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Peever.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pinebeam Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pinebeam Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pinebeam Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pinebeam Ltd and state those matters that we have agreed to state to the Board of Directors of Pinebeam Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinebeam Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pinebeam Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pinebeam Ltd. You consider that Pinebeam Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pinebeam Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


24 November 2023