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REGISTERED NUMBER: 08537284 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Pinetree (Gloucester ) Ltd

Pinetree (Gloucester ) Ltd (Registered number: 08537284)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pinetree (Gloucester ) Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: C J Williams





REGISTERED OFFICE: The Old Depot Haywicks Lane
Hardwicke
Gloucester
GL2 3QE





REGISTERED NUMBER: 08537284 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Pinetree (Gloucester ) Ltd (Registered number: 08537284)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,773 93,950

CURRENT ASSETS
Stocks 27,828 850
Debtors 5 50,935 34,459
Cash at bank and in hand 19,325 13,795
98,088 49,104
CREDITORS
Amounts falling due within one year 6 144,559 172,250
NET CURRENT LIABILITIES (46,471 ) (123,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,302

(29,196

)

CREDITORS
Amounts falling due after more than one
year

7

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES (13,447 ) (1,067 )
NET ASSETS/(LIABILITIES) 855 (50,263 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 854 (50,264 )
SHAREHOLDERS' FUNDS 855 (50,263 )

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

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

Pinetree (Gloucester ) Ltd (Registered number: 08537284)

Statement of Financial Position - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





C J Williams - Director


Pinetree (Gloucester ) Ltd (Registered number: 08537284)

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


1. STATUTORY INFORMATION

Pinetree (Gloucester ) 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pinetree (Gloucester ) Ltd (Registered number: 08537284)

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


2. ACCOUNTING POLICIES - continued

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.

Going concern
Despite net current liabilities of £46,471 (2023 - £123,146) the director has reviewed future cash flows and expressed his willingness to financially support the company for the foreseeable future and therefore considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2023 4,492 136,574 1,156 142,222
Additions - - 755 755
At 31 May 2024 4,492 136,574 1,911 142,977
Depreciation
At 1 June 2023 3,357 44,530 385 48,272
Charge for year 284 23,011 637 23,932
At 31 May 2024 3,641 67,541 1,022 72,204
Net book value
At 31 May 2024 851 69,033 889 70,773
At 31 May 2023 1,135 92,044 771 93,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 48,527 29,780
Other debtors 2,408 4,679
50,935 34,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 16,269 8,122
Taxation and social security 10,647 1,555
Other creditors 107,643 152,573
144,559 172,250

Pinetree (Gloucester ) Ltd (Registered number: 08537284)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 10,000 20,000