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REGISTERED NUMBER: 10220308 (England and Wales)















Report of the Director and


Abridged Financial Statements for the Year Ended 28 February 2024

for

Pinders School Wear Limited

Pinders School Wear Limited (Registered number: 10220308)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Report of the Director 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Pinders School Wear Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: S K Soni





REGISTERED OFFICE: Suite 7, Turner Business Centre
Greengate
Middleton
Greater Manchester
M24 1RU





REGISTERED NUMBER: 10220308 (England and Wales)





ACCOUNTANTS: TH Accounting Solutions
Suite 3
Turner Business Centre
Greengate
Middleton
Greater Manchester
M24 1RU

Pinders School Wear Limited (Registered number: 10220308)

Report of the Director
for the Year Ended 28 February 2024

The director presents his report with the financial statements of the company for the year ended 28 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the embroidery of clothing.

DIRECTOR
S K Soni held office during the whole of the period from 1 March 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S K Soni - Director


22 November 2024

Pinders School Wear Limited (Registered number: 10220308)

Abridged Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 102,919 118,752
Tangible assets 5 906,465 1,060,214
1,009,384 1,178,966

CURRENT ASSETS
Stocks 312,778 457,668
Debtors 105,704 39,118
Cash at bank 26,253 15,507
444,735 512,293
CREDITORS
Amounts falling due within one year 602,146 758,101
NET CURRENT LIABILITIES (157,411 ) (245,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,973

933,158

CREDITORS
Amounts falling due after more than one
year

346,561

519,174
NET ASSETS 505,412 413,984

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 505,312 413,884
SHAREHOLDERS' FUNDS 505,412 413,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Pinders School Wear Limited (Registered number: 10220308)

Abridged Balance Sheet - continued
28 February 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 Balance Sheet for the year ended 28 February 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 22 November 2024 and were signed by:





S K Soni - Director


Pinders School Wear Limited (Registered number: 10220308)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Pinders School Wear 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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.

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.

Pinders School Wear Limited (Registered number: 10220308)

Notes to the Financial Statements - continued
for the Year Ended 28 February 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 28 February 2024 237,500
AMORTISATION
At 1 March 2023 118,748
Amortisation for year 15,833
At 28 February 2024 134,581
NET BOOK VALUE

At 28 February 2024 102,919
At 28 February 2023 118,752

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 28 February 2024 1,347,857
DEPRECIATION
At 1 March 2023 287,643
Charge for year 153,749
At 28 February 2024 441,392
NET BOOK VALUE
At 28 February 2024 906,465
At 28 February 2023 1,060,214

Pinders School Wear Limited (Registered number: 10220308)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

28.2.24 28.2.23
£    £   
Bank loans 363,681 559,183

Santander UK PLC hold a fixed and floating charge on the freehold property known as land and buildings on the South Eastside of Brookhouse Road Aston.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100