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REGISTERED NUMBER: 01487383 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Pikemaster Limited

Pikemaster Limited (Registered number: 01487383)






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




Page

Chartered Accountants' Report 1

Balance Sheet 2

Notes to the Financial Statements 3


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pikemaster 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 Pikemaster Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 director of Pikemaster Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pikemaster Limited and state those matters that we have agreed to state to the director of Pikemaster 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 Pikemaster Limited and its director for our work or for this report.

It is your duty to ensure that Pikemaster 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 Pikemaster Limited. You consider that Pikemaster Limited 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 Pikemaster 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
25 Brunts Street
Mansfield
Nottinghamshire
NG18 1AX


15 October 2024

Pikemaster Limited (Registered number: 01487383)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,757 70,779
Investments 5 174,322 153,325
286,079 224,104

CURRENT ASSETS
Stocks 12,108 28,407
Debtors 6 135,445 145,936
Cash at bank and in hand 274,380 221,757
421,933 396,100
CREDITORS
Amounts falling due within one year 7 141,464 136,708
NET CURRENT ASSETS 280,469 259,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,548

483,496

PROVISIONS FOR LIABILITIES 38,770 17,409
NET ASSETS 527,778 466,087

CAPITAL AND RESERVES
Called up share capital 8 120 120
Retained earnings 527,658 465,967
SHAREHOLDERS' FUNDS 527,778 466,087

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 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.

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 director and authorised for issue on 15 October 2024 and were signed by:





P Reeve - Director


Pikemaster Limited (Registered number: 01487383)

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

1. STATUTORY INFORMATION

Pikemaster Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01487383

Registered office: 31 Church View
Ollerton Village
Near Newark
Nottinghamshire
NG22 9BH

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 10% on cost
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Pikemaster Limited (Registered number: 01487383)

Notes to the Financial Statements - continued
for the Year Ended 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 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.

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.

Investments
Investments are shown at fair value. Any movement in fair value in the year is taken to the profit & loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Land and Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 14,773 55,402 101,492 171,667
Additions - 22,500 81,343 103,843
Disposals - (30,129 ) (26,500 ) (56,629 )
At 31 March 2024 14,773 47,773 156,335 218,881
DEPRECIATION
At 1 April 2023 13,293 39,470 48,125 100,888
Charge for year 1,480 4,524 28,710 34,714
Eliminated on disposal - (21,853 ) (6,625 ) (28,478 )
At 31 March 2024 14,773 22,141 70,210 107,124
NET BOOK VALUE
At 31 March 2024 - 25,632 86,125 111,757
At 31 March 2023 1,480 15,932 53,367 70,779

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 153,325
Revaluations 20,997
At 31 March 2024 174,322
NET BOOK VALUE
At 31 March 2024 174,322
At 31 March 2023 153,325

Pikemaster Limited (Registered number: 01487383)

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

5. FIXED ASSET INVESTMENTS - continued

Investments are held at fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,635 144,467
Other debtors 1,810 1,469
135,445 145,936

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,523 56,334
Taxation and social security 84,981 62,992
Other creditors 17,960 17,382
141,464 136,708

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
120 120