Company No:
Contents
Note | 30.04.2024 | 04.04.2023 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 3 |
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Tangible assets | 4 |
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14,297 | 0 | |||
Current assets | ||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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46,368 | 0 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (76,824) | 0 | ||
Total assets less current liabilities | (62,527) | 0 | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of Pinch Food Ltd (registered number:
Katy Elizabeth Thompson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
Pinch Food Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 44 Alleyn Road, Dulwich, London, SE21 8AL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £62,527. The Company is supported through loans from the Parent Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.
Computer software |
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Trademarks, patents and licences |
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Plant and machinery |
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Office equipment |
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Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 05.04.2023 to 30.04.2024 |
Period from 01.05.2022 to 04.04.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including the director |
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Computer software | Trademarks, patents and licences |
Total | |||
£ | £ | £ | |||
Cost | |||||
At 05 April 2023 |
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Additions |
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At 30 April 2024 |
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Accumulated amortisation | |||||
At 05 April 2023 |
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Charge for the financial period |
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At 30 April 2024 |
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Net book value | |||||
At 30 April 2024 |
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At 04 April 2023 |
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Plant and machinery | Office equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 05 April 2023 |
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Additions |
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At 30 April 2024 |
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Accumulated depreciation | |||||
At 05 April 2023 |
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Charge for the financial period |
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At 30 April 2024 |
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Net book value | |||||
At 30 April 2024 |
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At 04 April 2023 |
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30.04.2024 | 04.04.2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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30.04.2024 | 04.04.2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to Parent undertakings |
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Other taxation and social security |
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Other creditors |
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30.04.2024 | 04.04.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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As the company is a wholly owned subsidiary of Pinch Group Holdings Limited, the company has taken advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned subsidiaries which form part of the group.
Parent Company:
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44 Alleyn Road Dulwich, London, SE21 8AL, United Kingdom |