IRIS Accounts Production v23.4.0.336 03595593 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035955932022-08-31035955932023-08-31035955932022-09-012023-08-31035955932021-08-31035955932021-09-012022-08-31035955932022-08-3103595593ns15:EnglandWales2022-09-012023-08-3103595593ns14:PoundSterling2022-09-012023-08-3103595593ns10:Director12022-09-012023-08-3103595593ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103595593ns10:SmallEntities2022-09-012023-08-3103595593ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103595593ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103595593ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3103595593ns10:FullAccounts2022-09-012023-08-310359559312022-09-012023-08-3103595593ns10:Director32022-09-012023-08-3103595593ns10:RegisteredOffice2022-09-012023-08-3103595593ns5:CurrentFinancialInstruments2023-08-3103595593ns5:CurrentFinancialInstruments2022-08-3103595593ns5:Non-currentFinancialInstruments2023-08-3103595593ns5:Non-currentFinancialInstruments2022-08-3103595593ns5:ShareCapital2023-08-3103595593ns5:ShareCapital2022-08-3103595593ns5:RetainedEarningsAccumulatedLosses2023-08-3103595593ns5:RetainedEarningsAccumulatedLosses2022-08-3103595593ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3103595593ns5:PlantMachinery2022-09-012023-08-3103595593ns5:MotorVehicles2022-09-012023-08-3103595593ns5:ComputerEquipment2022-09-012023-08-3103595593ns5:NetGoodwill2022-08-3103595593ns5:NetGoodwill2023-08-3103595593ns5:NetGoodwill2022-08-3103595593ns5:PlantMachinery2022-08-3103595593ns5:MotorVehicles2022-08-3103595593ns5:ComputerEquipment2022-08-3103595593ns5:PlantMachinery2023-08-3103595593ns5:MotorVehicles2023-08-3103595593ns5:ComputerEquipment2023-08-3103595593ns5:PlantMachinery2022-08-3103595593ns5:MotorVehicles2022-08-3103595593ns5:ComputerEquipment2022-08-3103595593ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3103595593ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3103595593ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3103595593ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3103595593ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3103595593ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-3103595593ns5:Secured2023-08-3103595593ns5:Secured2022-08-31
REGISTERED NUMBER: 03595593 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Pennine Playgrounds Limited

Pennine Playgrounds Limited (Registered number: 03595593)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pennine Playgrounds Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Miss C J Bell
D S Crawley





REGISTERED OFFICE: 9 Lawson Street
North Shields
Tyne and Wear
NE29 6TF





REGISTERED NUMBER: 03595593 (England and Wales)





ACCOUNTANTS: Northern Tonic Ltd
14 Clifton Moor
Business Village
James Nicolson Link
York
YO30 4XG

Pennine Playgrounds Limited (Registered number: 03595593)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 61,256 68,758
61,256 68,758

CURRENT ASSETS
Stocks 6 34,580 24,393
Debtors 7 651,704 381,924
Cash at bank and in hand 141 780
686,425 407,097
CREDITORS
Amounts falling due within one year 8 647,633 394,804
NET CURRENT ASSETS 38,792 12,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,048

81,051

CREDITORS
Amounts falling due after more than
one year

9

(27,985

)

(51,917

)

PROVISIONS FOR LIABILITIES (10,714 ) (12,589 )
NET ASSETS 61,349 16,545

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,249 16,445
61,349 16,545

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

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

Pennine Playgrounds Limited (Registered number: 03595593)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





Miss C J Bell - Director


Pennine Playgrounds Limited (Registered number: 03595593)

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

1. STATUTORY INFORMATION

Pennine Playgrounds 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.

Revenue recognition
Turnover is the amount receivable from goods sold and services provided, net of discounts, rebates and value added tax.

Revenue is recognised when it is probable that an economic benefit will flow to the company.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pennine Playgrounds Limited (Registered number: 03595593)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 18 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
AMORTISATION
At 1 September 2022
and 31 August 2023 10,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 37,121 130,026 27,193 194,340
Additions 1,636 - 12,178 13,814
At 31 August 2023 38,757 130,026 39,371 208,154
DEPRECIATION
At 1 September 2022 24,838 76,289 24,455 125,582
Charge for year 2,784 13,434 5,098 21,316
At 31 August 2023 27,622 89,723 29,553 146,898
NET BOOK VALUE
At 31 August 2023 11,135 40,303 9,818 61,256
At 31 August 2022 12,283 53,737 2,738 68,758

6. STOCKS
31.8.23 31.8.22
£    £   
Raw materials 19,198 24,393
Work-in-progress 15,382 -
34,580 24,393

Pennine Playgrounds Limited (Registered number: 03595593)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 330,448 160,327
Amounts owed by group undertakings 269,653 205,382
Other debtors 3,200 3,437
Accrued income 30,090 -
Prepayments 18,313 12,778
651,704 381,924

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 257,744 143,671
Other loans 116,836 15,708
Hire purchase contracts 13,932 21,432
Trade creditors 173,931 114,926
Tax 4,878 4,255
Social security and other taxes 29,974 10,838
VAT 7,692 11,582
Other creditors 5,200 9,451
Pension contributions 4,052 3,940
Advance payments - 3,226
Directors' current accounts 8,672 2,237
Accrued expenses 24,722 53,538
647,633 394,804

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,500 17,500
Hire purchase contracts 10,485 24,417
27,985 51,917

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank overdrafts 247,744 133,671
Hire purchase contracts 24,417 45,849
272,161 179,520

The bank overdraft is secured by a fixed and floating charge over the company's assets. The hire purchase debt is secured by a charge on the assets to which the agreements relate. The factoring debt is secured on the company's trade debtors.

11. OTHER FINANCIAL COMMITMENTS

The company has future financial commitments under operating leases, which are not included in the balance sheet, totalling £91,002 (2022 £8,269).

Pennine Playgrounds Limited (Registered number: 03595593)

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

12. RELATED PARTY DISCLOSURES

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.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Miss C J Bell and Mr D S Crawley by virtue of their shares in the holding company, Bell Crawley Ltd.