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REGISTERED NUMBER: 13068313 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2023

for

Pier City Custom Ltd

Pier City Custom Ltd (Registered number: 13068313)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pier City Custom Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Hill
R S Milton





REGISTERED OFFICE: 5 Millcross Road
Portslade
United Kingdom
East Sussex
BN41 2BG





REGISTERED NUMBER: 13068313 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Pier City Custom Ltd (Registered number: 13068313)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,286 7,260

CURRENT ASSETS
Stocks 42,000 25,000
Debtors 5 20,054 2,583
Cash at bank and in hand 19,741 27,236
81,795 54,819
CREDITORS
Amounts falling due within one year 6 25,225 13,494
NET CURRENT ASSETS 56,570 41,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,856

48,585

PROVISIONS FOR LIABILITIES 2,144 1,379
NET ASSETS 65,712 47,206

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 65,702 47,196
65,712 47,206

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.

Pier City Custom Ltd (Registered number: 13068313)

Balance Sheet - continued
31 December 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 10 April 2024 and were signed on its behalf by:




R S Milton - Director



S J Hill - Director


Pier City Custom Ltd (Registered number: 13068313)

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

1. STATUTORY INFORMATION

Pier City Custom 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

Pier City Custom Ltd (Registered number: 13068313)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 11,040
Additions 7,788
At 31 December 2023 18,828
DEPRECIATION
At 1 January 2023 3,780
Charge for year 3,762
At 31 December 2023 7,542
NET BOOK VALUE
At 31 December 2023 11,286
At 31 December 2022 7,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 18,396 556
Other debtors 1,658 2,027
20,054 2,583

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,428 -
Trade creditors 8,266 1,258
Taxation and social security 6,802 3,580
Other creditors 6,729 8,656
25,225 13,494

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,000 were paid to the directors .