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REGISTERED NUMBER: 06412542 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Pitch and Track Ltd

Pitch and Track Ltd (Registered number: 06412542)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pitch and Track Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M Q Pashley
Miss M McCormick





SECRETARY: Miss M McCormick





REGISTERED OFFICE: The Granary
3 Sleaford Road
Folkingham
Sleaford
Lincolnshire
NG34 0SB





REGISTERED NUMBER: 06412542 (England and Wales)





ACCOUNTANTS: Bostockwhite Limited
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Pitch and Track Ltd (Registered number: 06412542)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,069 65,995

CURRENT ASSETS
Stocks 52,599 45,772
Debtors 5 527,427 573,779
Cash at bank - 20,860
580,026 640,411
CREDITORS
Amounts falling due within one year 6 251,450 295,199
NET CURRENT ASSETS 328,576 345,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,645

411,207

CREDITORS
Amounts falling due after more than one year 7 (42,180 ) (54,661 )

PROVISIONS FOR LIABILITIES (13,693 ) (12,539 )
NET ASSETS 344,772 344,007

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 344,672 343,907
SHAREHOLDERS' FUNDS 344,772 344,007

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

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

Pitch and Track Ltd (Registered number: 06412542)

Balance Sheet - continued
31 October 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 29 February 2024 and were signed on its behalf by:





M Q Pashley - Director


Pitch and Track Ltd (Registered number: 06412542)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Pitch and Track 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Tangible fixed assets are initially recognised at cost which is the purchase price plus any directly attributable costs. Subsequently, tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

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.

Pitch and Track Ltd (Registered number: 06412542)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 275,827
Additions 25,829
At 31 October 2023 301,656
DEPRECIATION
At 1 November 2022 209,832
Charge for year 19,755
At 31 October 2023 229,587
NET BOOK VALUE
At 31 October 2023 72,069
At 31 October 2022 65,995

5. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 276,828 304,999
Other debtors 26,585 44,766
303,413 349,765

Amounts falling due after more than one year:
Amounts owed by group undertakings 224,014 224,014

Aggregate amounts 527,427 573,779

Pitch and Track Ltd (Registered number: 06412542)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 54,102 9,707
Hire purchase contracts 12,879 8,872
Trade creditors 134,621 235,343
Taxation and social security 38,346 16,086
Other creditors 11,502 25,191
251,450 295,199

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 22,435 32,387
Hire purchase contracts 19,745 22,274
42,180 54,661

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 32,387 42,094
Hire purchase contracts 32,624 31,146
65,011 73,240

The bank overdraft is secured over freehold property at 3 Sleaford Road, Folkingham.

The hire purchase debts are secured over the assets to which the debt relates.