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REGISTERED NUMBER: 01468976 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Pinewood Label Systems Limited

Pinewood Label Systems Limited (Registered number: 01468976)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pinewood Label Systems Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs A C Ridley
M J Roberts





SECRETARY: M J Roberts





REGISTERED OFFICE: Suite 36 Terminal House
Station Approach
Shepperton
Middlesex
TW17 8AP





REGISTERED NUMBER: 01468976 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Pinewood Label Systems Limited (Registered number: 01468976)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 459 -

CURRENT ASSETS
Stocks 24,709 33,102
Debtors 5 30,365 35,325
Cash at bank and in hand 16,332 8,545
71,406 76,972
CREDITORS
Amounts falling due within one
year

6

46,327

61,484
NET CURRENT ASSETS 25,079 15,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,538

15,488

CAPITAL AND RESERVES
Called up share capital 7 10,100 10,100
Retained earnings 15,438 5,388
SHAREHOLDERS' FUNDS 25,538 15,488

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





M J Roberts - Director


Pinewood Label Systems Limited (Registered number: 01468976)

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

1. STATUTORY INFORMATION

Pinewood Label Systems 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.

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


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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

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 2 (2022 - 2 ) .

Pinewood Label Systems Limited (Registered number: 01468976)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 2,483 234 11,490 4,241 18,448
Additions 301 200 - - 501
At 31 December 2023 2,784 434 11,490 4,241 18,949
DEPRECIATION
At 1 January 2023 2,483 234 11,490 4,241 18,448
Charge for year 24 18 - - 42
At 31 December 2023 2,507 252 11,490 4,241 18,490
NET BOOK VALUE
At 31 December 2023 277 182 - - 459
At 31 December 2022 - - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,711 26,538
Other debtors 4,654 8,787
30,365 35,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,768 29,952
Taxation and social security 6,260 3,111
Other creditors 18,299 28,421
46,327 61,484

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Capital 1 100 100
10,000 Ordinary 1 10,000 10,000
10,100 10,100

8. ULTIMATE CONTROLLING PARTY

The Directors are the ultimate controlling parties by virtue of their 100% interest in the ordinary share capital of the company.