IRIS Accounts Production v24.1.9.2 12502572 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125025722023-03-31125025722024-03-31125025722023-04-012024-03-31125025722022-03-31125025722022-04-012023-03-31125025722023-03-3112502572ns15:EnglandWales2023-04-012024-03-3112502572ns14:PoundSterling2023-04-012024-03-3112502572ns10:Director12023-04-012024-03-3112502572ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112502572ns10:SmallEntities2023-04-012024-03-3112502572ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3112502572ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112502572ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112502572ns10:FullAccounts2023-04-012024-03-3112502572ns10:OrdinaryShareClass22023-04-012024-03-3112502572ns10:OrdinaryShareClass32023-04-012024-03-3112502572ns10:OrdinaryShareClass42023-04-012024-03-3112502572ns10:OrdinaryShareClass52023-04-012024-03-3112502572ns10:Director22023-04-012024-03-3112502572ns10:Director32023-04-012024-03-3112502572ns10:RegisteredOffice2023-04-012024-03-3112502572ns5:CurrentFinancialInstruments2024-03-3112502572ns5:CurrentFinancialInstruments2023-03-3112502572ns5:Non-currentFinancialInstruments2024-03-3112502572ns5:Non-currentFinancialInstruments2023-03-3112502572ns5:ShareCapital2024-03-3112502572ns5:ShareCapital2023-03-3112502572ns5:RetainedEarningsAccumulatedLosses2024-03-3112502572ns5:RetainedEarningsAccumulatedLosses2023-03-3112502572ns5:PlantMachinery2023-04-012024-03-3112502572ns5:FurnitureFittings2023-04-012024-03-3112502572ns5:MotorVehicles2023-04-012024-03-3112502572ns5:ComputerEquipment2023-04-012024-03-3112502572ns5:PlantMachinery2023-03-3112502572ns5:FurnitureFittings2023-03-3112502572ns5:MotorVehicles2023-03-3112502572ns5:ComputerEquipment2023-03-3112502572ns5:PlantMachinery2024-03-3112502572ns5:FurnitureFittings2024-03-3112502572ns5:MotorVehicles2024-03-3112502572ns5:ComputerEquipment2024-03-3112502572ns5:PlantMachinery2023-03-3112502572ns5:FurnitureFittings2023-03-3112502572ns5:MotorVehicles2023-03-3112502572ns5:ComputerEquipment2023-03-3112502572ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3112502572ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3112502572ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112502572ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112502572ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112502572ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112502572ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3112502572ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3112502572ns5:HirePurchaseContracts2024-03-3112502572ns5:HirePurchaseContracts2023-03-3112502572ns5:WithinOneYear2024-03-3112502572ns5:WithinOneYear2023-03-3112502572ns5:BetweenOneFiveYears2024-03-3112502572ns5:BetweenOneFiveYears2023-03-3112502572ns5:MoreThanFiveYears2024-03-3112502572ns5:MoreThanFiveYears2023-03-3112502572ns5:AllPeriods2024-03-3112502572ns5:AllPeriods2023-03-3112502572ns5:DeferredTaxation2023-03-3112502572ns5:DeferredTaxation2023-04-012024-03-3112502572ns5:DeferredTaxation2024-03-3112502572ns10:OrdinaryShareClass22024-03-3112502572ns10:OrdinaryShareClass32024-03-3112502572ns10:OrdinaryShareClass42024-03-3112502572ns10:OrdinaryShareClass52024-03-31
REGISTERED NUMBER: 12502572 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Pink Sand Group Ltd

Pink Sand Group Ltd (Registered number: 12502572)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Pink Sand Group Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M A Busby
Mrs A Busby
Mrs B J Preece





REGISTERED OFFICE: Unit 24 & 25
Rumer Hill Business Estate
Rumer Hill Road
Cannock
Staffordshire
WS11 0ET





REGISTERED NUMBER: 12502572 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Pink Sand Group Ltd (Registered number: 12502572)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 190,456 32,067

CURRENT ASSETS
Stocks 124,088 53,785
Debtors 5 141,746 57,139
Cash at bank and in hand 344,887 379,523
610,721 490,447
CREDITORS
Amounts falling due within one year 6 (343,142 ) (249,660 )
NET CURRENT ASSETS 267,579 240,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,035

272,854

CREDITORS
Amounts falling due after more than one
year

7

(81,455

)

-

PROVISIONS FOR LIABILITIES 9 (47,614 ) (8,017 )
NET ASSETS 328,966 264,837

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 328,766 264,637
SHAREHOLDERS' FUNDS 328,966 264,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Pink Sand Group Ltd (Registered number: 12502572)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:





M A Busby - Director


Pink Sand Group Ltd (Registered number: 12502572)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pink Sand Group 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pink Sand Group Ltd (Registered number: 12502572)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 33,996 795 11,088 10,569 56,448
Additions 5,873 5,278 162,770 1,636 175,557
At 31 March 2024 39,869 6,073 173,858 12,205 232,005
DEPRECIATION
At 1 April 2023 10,255 206 5,411 8,509 24,381
Charge for year 5,415 745 9,918 1,090 17,168
At 31 March 2024 15,670 951 15,329 9,599 41,549
NET BOOK VALUE
At 31 March 2024 24,199 5,122 158,529 2,606 190,456
At 31 March 2023 23,741 589 5,677 2,060 32,067

Pink Sand Group Ltd (Registered number: 12502572)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 144,775
At 31 March 2024 144,775
DEPRECIATION
Charge for year 8,183
At 31 March 2024 8,183
NET BOOK VALUE
At 31 March 2024 136,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,261 56,171
Prepayments 4,485 968
141,746 57,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 40,097 1,623
Trade creditors 30,468 26,372
Tax 27,264 62,892
Social security and other taxes 4,315 4,159
VAT 23,546 12,254
Other creditors 2,029 641
Directors' current accounts 64 22,458
Accrued expenses 215,359 119,261
343,142 249,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 81,455 -

Pink Sand Group Ltd (Registered number: 12502572)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 40,097 1,623
Between one and five years 81,455 -
121,552 1,623

Non-cancellable operating leases
2024 2023
£    £   
Within one year 26,400 26,400
Between one and five years 105,600 105,600
In more than five years 147,400 173,800
279,400 305,800

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 47,614 8,017

Deferred
tax
£   
Balance at 1 April 2023 8,017
Charge to Profit and Loss Account during year 39,597
Balance at 31 March 2024 47,614

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
101 Ordinary A £1 101 101
69 Ordinary B £1 69 69
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
10 Ordinary E £1 10 10
200 200

11. OTHER FINANCIAL COMMITMENTS

As at 31 March 2024, there were outstanding pension contributions of £690.

Pink Sand Group Ltd (Registered number: 12502572)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RELATED PARTY DISCLOSURES

Mr M A Busby

The director has provided a personal guarantee in respect of the operating lease for the company's leasehold trading premises. The landlord has agreed to release the director from his obligations and liabilities as a guarantor on the second anniversary of the term commencement date of 1 November 2022 on the basis all lease terms have been complied with.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pink Sand Group Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pink Sand Group Ltd for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pink Sand Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pink Sand Group Ltd and state those matters that we have agreed to state to the Board of Directors of Pink Sand Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pink Sand Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pink Sand Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pink Sand Group Ltd. You consider that Pink Sand Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pink Sand Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


9 July 2024