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REGISTERED NUMBER: 05461478















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

PIMPERNEL WHARF LIMITED

PIMPERNEL WHARF LIMITED (REGISTERED NUMBER: 05461478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIMPERNEL WHARF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A J Stuart
P D Edwards
D Stuart





REGISTERED OFFICE: Suite B, West Wing
Omnibus Building
Lesbourne Road
Reigate
Surrey
RH2 7LD





REGISTERED NUMBER: 05461478





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Forest Links Road
Ferndown
Dorset
BH22 9PH

PIMPERNEL WHARF LIMITED (REGISTERED NUMBER: 05461478)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 30,567 35,961
30,567 35,961

CURRENT ASSETS
Stocks 875,629 739,284
Debtors 7 5,091,652 4,677,669
Cash at bank 50,803 47,850
6,018,084 5,464,803
CREDITORS
Amounts falling due within one year 8 4,381,648 3,855,745
NET CURRENT ASSETS 1,636,436 1,609,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,667,003

1,645,019

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,666,903 1,644,919
1,667,003 1,645,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PIMPERNEL WHARF LIMITED (REGISTERED NUMBER: 05461478)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:




D Stuart - Director



P D Edwards - Director


PIMPERNEL WHARF LIMITED (REGISTERED NUMBER: 05461478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Pimpernel Wharf Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The accounting policies below have had the most significant effect on amounts recognised in the financial statements.

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 2006, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 15% on reducing balance

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


PIMPERNEL WHARF LIMITED (REGISTERED NUMBER: 05461478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 7,500
AMORTISATION
At 1 April 2022
and 31 March 2023 7,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

PIMPERNEL WHARF LIMITED (REGISTERED NUMBER: 05461478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 102,300
DEPRECIATION
At 1 April 2022 66,339
Charge for year 5,394
At 31 March 2023 71,733
NET BOOK VALUE
At 31 March 2023 30,567
At 31 March 2022 35,961

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 2,356,089 2,162,386
Other debtors 68,833 39,084
2,424,922 2,201,470

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,666,730 2,476,199

Aggregate amounts 5,091,652 4,677,669

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,608,703 1,635,590
Trade creditors 2,666,667 2,073,940
Taxation and social security 24,778 81,930
Other creditors 81,500 64,285
4,381,648 3,855,745

PIMPERNEL WHARF LIMITED (REGISTERED NUMBER: 05461478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 1,102,036 968,923
Bank loans 506,667 666,667
1,608,703 1,635,590

Lloyds TSB Bank Plc holds a debenture deed dated 24 May 2010 establishing a charge over all present and future assets of the company in order to secure all monies due to the chargee.

A further debenture dated 23 December 2015 was established between Lloyds Bank Commercial Finance Limited and the company. The debenture created a fixed charge over assets of the company in order to secure the company's liabilities and obligations.