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REGISTERED NUMBER: 03333864 (England and Wales)










Pine And Oak Direct Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Pine And Oak Direct Limited (Registered number: 03333864)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pine And Oak Direct Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr A R Roberts
Mrs V E Williams





REGISTERED OFFICE: Units 1, 2 & 3
Lon Parcwr Industrial Est
Ruthin
Denbighshire
LL15 1NA





REGISTERED NUMBER: 03333864 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Pine And Oak Direct Limited (Registered number: 03333864)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,599 1,549

CURRENT ASSETS
Stocks 128,459 120,681
Debtors 5 10,694 14,490
Cash at bank 66,824 87,034
205,977 222,205
CREDITORS
Amounts falling due within one year 6 64,244 63,237
NET CURRENT ASSETS 141,733 158,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,332

160,517

CREDITORS
Amounts falling due after more than one
year

7

(25,525

)

(11,667

)

PROVISIONS FOR LIABILITIES (5,900 ) -
NET ASSETS 133,907 148,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,807 148,750
133,907 148,850

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 20 September 2023 and were signed on its behalf by:





Mr A R Roberts - Director


Pine And Oak Direct Limited (Registered number: 03333864)

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

1. STATUTORY INFORMATION

Pine And Oak Direct 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 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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 3 (2022 - 3 ) .

Pine And Oak Direct Limited (Registered number: 03333864)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Land and and Motor Computer
buildings fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 28,467 6,428 6,000 16,266 57,161
Additions - - 23,999 - 23,999
At 30 June 2023 28,467 6,428 29,999 16,266 81,160
DEPRECIATION
At 1 July 2022 28,467 6,428 5,200 15,517 55,612
Charge for year - - 1,200 749 1,949
At 30 June 2023 28,467 6,428 6,400 16,266 57,561
NET BOOK VALUE
At 30 June 2023 - - 23,599 - 23,599
At 30 June 2022 - - 800 749 1,549

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,855 6,217
Other debtors 5,839 8,273
10,694 14,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 4,560 -
Trade creditors 22,701 17,617
Taxation and social security 9,895 20,509
Other creditors 23,088 21,111
64,244 63,237

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,666 11,667
Hire purchase contracts 17,859 -
25,525 11,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 22,419 -

The obligations are secured on the assets concerned.

Pine And Oak Direct Limited (Registered number: 03333864)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr A R Roberts
Balance outstanding at start of year 2,432 2,586
Amounts advanced 10,739 12,846
Amounts repaid (13,300 ) (13,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (129 ) 2,432

Mrs V E Williams
Balance outstanding at start of year - (24,200 )
Amounts advanced 51,400 42,800
Amounts repaid (51,400 ) (18,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -