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REGISTERED NUMBER: 00676456 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

FOR

W.PRINGLE LIMITED

W.PRINGLE LIMITED (REGISTERED NUMBER: 00676456)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


W.PRINGLE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024







DIRECTOR: R J Jeffrey





SECRETARY: J Jeffrey





REGISTERED OFFICE: Cold Harbour Farm
Christon Bank
Alnwick
Northumberland
NE66 3HB





REGISTERED NUMBER: 00676456 (England and Wales)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
W.PRINGLE LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 W.Pringle Limited for the period ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet 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 director of W.Pringle Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.Pringle Limited and state those matters that we have agreed to state to the director of W.Pringle Limited 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 W.Pringle Limited and its director for our work or for this report.

It is your duty to ensure that W.Pringle Limited 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 W.Pringle Limited. You consider that W.Pringle Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of W.Pringle Limited. 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.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


29 August 2024

W.PRINGLE LIMITED (REGISTERED NUMBER: 00676456)

BALANCE SHEET
31 MARCH 2024

31/3/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,250 43,875
Tangible assets 5 173,476 191,391
Investment property 6 365,000 365,000
567,726 600,266

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 7 428,727 371,475
Cash at bank 6,813 17,625
439,540 393,100
CREDITORS
Amounts falling due within one year 8 149,289 151,696
NET CURRENT ASSETS 290,251 241,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,977

841,670

CREDITORS
Amounts falling due after more than one
year

9

(45,290

)

(62,305

)

PROVISIONS FOR LIABILITIES (76,145 ) (66,812 )
NET ASSETS 736,542 712,553

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 227,699 227,699
Retained earnings 507,843 483,854
SHAREHOLDERS' FUNDS 736,542 712,553

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W.PRINGLE LIMITED (REGISTERED NUMBER: 00676456)

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 director and authorised for issue on 29 August 2024 and were signed by:





R J Jeffrey - Director


W.PRINGLE LIMITED (REGISTERED NUMBER: 00676456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

W.Pringle 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.

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 as modified by the revaluation of certain 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Improvements - Straight line over 15 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 period 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.


W.PRINGLE LIMITED (REGISTERED NUMBER: 00676456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 31 March 2024 225,000
AMORTISATION
At 1 May 2023 181,125
Charge for period 14,625
At 31 March 2024 195,750
NET BOOK VALUE
At 31 March 2024 29,250
At 30 April 2023 43,875

W.PRINGLE LIMITED (REGISTERED NUMBER: 00676456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Improvements Totals
£    £    £    £    £   
COST
At 1 May 2023 291,928 1,449 49,623 153,153 496,153
Additions 10,500 1,110 - - 11,610
Disposals (500 ) - - - (500 )
At 31 March 2024 301,928 2,559 49,623 153,153 507,263
DEPRECIATION
At 1 May 2023 106,652 996 45,825 151,289 304,762
Charge for period 26,678 323 871 1,453 29,325
Eliminated on disposal (300 ) - - - (300 )
At 31 March 2024 133,030 1,319 46,696 152,742 333,787
NET BOOK VALUE
At 31 March 2024 168,898 1,240 2,927 411 173,476
At 30 April 2023 185,276 453 3,798 1,864 191,391

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 31 March 2024 365,000
NET BOOK VALUE
At 31 March 2024 365,000
At 30 April 2023 365,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 365,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 30/4/23
£    £   
Trade debtors 428,727 367,147
Other debtors - 4,328
428,727 371,475

W.PRINGLE LIMITED (REGISTERED NUMBER: 00676456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 30/4/23
£    £   
Hire purchase contracts 17,730 12,500
Trade creditors 61,165 64,171
Taxation and social security 40,787 53,116
Other creditors 29,607 21,909
149,289 151,696

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 30/4/23
£    £   
Hire purchase contracts 29,795 37,500
Other creditors 15,495 24,805
45,290 62,305

10. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 31 March 2024 227,699