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REGISTERED NUMBER: 00945951 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PIKESLEY (WOBURN SANDS) LIMITED

PIKESLEY (WOBURN SANDS) LIMITED (REGISTERED NUMBER: 00945951)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


PIKESLEY (WOBURN SANDS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: S J Anstee
L J Anstee
T J Anstee





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 00945951 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

PIKESLEY (WOBURN SANDS) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PIKESLEY (WOBURN SANDS) LIMITED


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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


23 September 2024

PIKESLEY (WOBURN SANDS) LIMITED (REGISTERED NUMBER: 00945951)

BALANCE SHEET
31 January 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
990,880 Tangible assets 5 1,021,239

CURRENT ASSETS
20,261 Stocks 6 14,319
26,301 Debtors 7 19,567
729,965 Cash at bank and in hand 698,286
776,527 732,172
CREDITORS
120,269 Amounts falling due within one year 8 106,348
656,258 NET CURRENT ASSETS 625,824
1,647,138 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,647,063

106,071 PROVISIONS FOR LIABILITIES 113,663
1,541,067 NET ASSETS 1,533,400

CAPITAL AND RESERVES
10,000 Called up share capital 10,000
806,975 Revaluation reserve 10 806,975
724,092 Retained earnings 10 716,425
1,541,067 SHAREHOLDERS' FUNDS 1,533,400

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

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

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 23 September 2024 and were signed on its behalf by:





S J Anstee - Director


PIKESLEY (WOBURN SANDS) LIMITED (REGISTERED NUMBER: 00945951)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Pikesley (Woburn Sands) Ltd is a private company, limited by shares, registered in England and Wales

The company's registered number and registered office address are as follows

Registered number: 00945951

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

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

The principal activity of the company in the year under review was that of the provisions of general garage and associated services.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The directors have made key assumptions in the determination of the fair value of a freehold property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the assets.

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 - freehold property
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost,except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.


PIKESLEY (WOBURN SANDS) LIMITED (REGISTERED NUMBER: 00945951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST OR VALUATION
At 1 February 2023 1,112,214 950,000 115,774
Additions 39,755 - 1,760
Disposals (15,150 ) - -
At 31 January 2024 1,136,819 950,000 117,534
DEPRECIATION
At 1 February 2023 121,334 - 82,300
Charge for year 8,401 - 5,286
Eliminated on disposal (14,155 ) - -
At 31 January 2024 115,580 - 87,586
NET BOOK VALUE
At 31 January 2024 1,021,239 950,000 29,948
At 31 January 2023 990,880 950,000 33,474

PIKESLEY (WOBURN SANDS) LIMITED (REGISTERED NUMBER: 00945951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment
£    £    £   
COST OR VALUATION
At 1 February 2023 13,774 26,269 6,397
Additions - 37,995 -
Disposals - (15,150 ) -
At 31 January 2024 13,774 49,114 6,397
DEPRECIATION
At 1 February 2023 11,740 22,512 4,782
Charge for year 304 2,273 538
Eliminated on disposal - (14,155 ) -
At 31 January 2024 12,044 10,630 5,320
NET BOOK VALUE
At 31 January 2024 1,730 38,484 1,077
At 31 January 2023 2,034 3,757 1,615

The directors consider that the current market value of the freehold property as at the accounting year end to be £950,000 resulting surplus of £806975 had been credited to revaluation reserve.


In the event of the freehold property being realised at the aforesaid figure of £950,000, the potential charge to corporation tax on capital gains would amount to £97,594. A deferred tax provision for this amount has been made.

6. STOCKS
2024 2023
£    £   
Stocks 14,319 20,261

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,696 20,561
Prepayments & accrued income 4,871 5,740
19,567 26,301

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 56,849 55,825
Corporation tax 5,424 17,254
Social security and other taxes 17,732 13,284
VAT 19,876 26,337
Accruals & deferred income 6,467 7,569
106,348 120,269

PIKESLEY (WOBURN SANDS) LIMITED (REGISTERED NUMBER: 00945951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,064 1,064
Between one and five years 1,862 2,926
2,926 3,990

10. RESERVES
Retained Revaluation
Totals earnings reserve
£    £    £   

At 1 February 2023 1,531,067 724,092 806,975
Profit for the year 42,333 42,333
Dividends (50,000 ) (50,000 )
At 31 January 2024 1,523,400 716,425 806,975