Company Registration No. 05765758 (England and Wales)
THE PINES WORKSOP LIMITED
Unaudited accounts
for the year ended 31 March 2024
THE PINES WORKSOP LIMITED
Unaudited accounts
Contents
THE PINES WORKSOP LIMITED
Company Information
for the year ended 31 March 2024
Directors
K Mcdonnell
S Taghavi
B Maskery
Company Number
05765758 (England and Wales)
Registered Office
85 BRIDGE STREET
WORKSOP
S80 1DL
ENGLAND
THE PINES WORKSOP LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
1,670,000
1,670,000
Cash at bank and in hand
9,095
10,167
Creditors: amounts falling due within one year
(90,489)
(89,531)
Net current liabilities
(81,394)
(79,364)
Total assets less current liabilities
1,588,606
1,590,636
Creditors: amounts falling due after more than one year
(1,122,229)
(1,121,468)
Provisions for liabilities
Deferred tax
(35,650)
(35,650)
Net assets
430,727
433,518
Called up share capital
240,000
240,000
Capital redemption reserve
365,000
365,000
Profit and loss account
(174,273)
(171,482)
Shareholders' funds
430,727
433,518
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
K Mcdonnell
Director
Company Registration No. 05765758
THE PINES WORKSOP LIMITED
Notes to the Accounts
for the year ended 31 March 2024
THE PINES WORKSOP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05765758. The registered office is 85 BRIDGE STREET, WORKSOP, S80 1DL, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
THE PINES WORKSOP LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Land & buildings
At 31 March 2024
1,670,000
At 31 March 2024
1,670,000
At 31 March 2023
1,670,000
Carrying amount of land and buildings on cost basis
1,477,633
1,477,633
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
46,771
47,532
Taxes and social security
10,599
9,580
Other creditors
29,899
29,899
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,122,229
1,121,468
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Average number of employees
During the year the average number of employees was 0 (2023: 0).