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REGISTERED NUMBER: 02669232 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

PINE PRECISION ENGINEERING LIMITED

PINE PRECISION ENGINEERING LIMITED (Registered number: 02669232)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PINE PRECISION ENGINEERING LIMITED

Company Information
for the year ended 31 January 2024







DIRECTOR: S M I Windsor





SECRETARY:





REGISTERED OFFICE: 10 Stretton Way
Huyton Industrial Estate
Liverpool
Merseyside
L36 6JF





REGISTERED NUMBER: 02669232 (England and Wales)





ACCOUNTANTS: Hatcher Hughes Limited
Cassidy House
Station Road
Chester
Cheshire
CH1 3DW

PINE PRECISION ENGINEERING LIMITED (Registered number: 02669232)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,778 106,897

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 966,987 644,006
Cash at bank 515,915 823,770
1,483,902 1,468,776
CREDITORS
Amounts falling due within one year 503,486 509,296
NET CURRENT ASSETS 980,416 959,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,194

1,066,377

CREDITORS
Amounts falling due after more than one year (5,646 ) (14,516 )

PROVISIONS FOR LIABILITIES (19,366 ) (19,366 )
NET ASSETS 1,072,182 1,032,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,072,082 1,032,395
SHAREHOLDERS' FUNDS 1,072,182 1,032,495

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 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.

PINE PRECISION ENGINEERING LIMITED (Registered number: 02669232)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 October 2024 and were signed by:





S M I Windsor - Director


PINE PRECISION ENGINEERING LIMITED (Registered number: 02669232)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

PINE PRECISION ENGINEERING 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.

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 etc - 20% on cost and 10% on cost

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 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.

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.

PINE PRECISION ENGINEERING LIMITED (Registered number: 02669232)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 305,736
Additions 48,492
Disposals (16,000 )
At 31 January 2024 338,228
DEPRECIATION
At 1 February 2023 198,839
Charge for year 29,011
Eliminated on disposal (6,400 )
At 31 January 2024 221,450
NET BOOK VALUE
At 31 January 2024 116,778
At 31 January 2023 106,897

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
S M I Windsor
Balance outstanding at start of year - (9 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

6. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption allowed under FRS102 as a wholly owned subsidiary not to disclose intra-group transactions.

SMI Windsor is a director of the company

PINE PRECISION ENGINEERING LIMITED (Registered number: 02669232)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Imech Industries Limited whose registered office is located at 10 Stretton Way, Huyton Industrial Estate, Liverpool, Merseyside, L36 6JF. Imech industries Limited is a wholly owned subsidiary of IServo Limited whose registered office is located at 10 Stretton Way, Huyton Industrial Estate, Liverpool, Merseyside, L36 6JF.

The ultimate controlling party is SMI Windsor.