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REGISTERED NUMBER: 04715941 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PINE WORLD SUPERSTORES LIMITED

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINE WORLD SUPERSTORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M C E Hotson
Mrs L E Hotson
S Vickerman





SECRETARY: Mrs L E Hotson





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





BUSINESS ADDRESS: Units 2, 3 & 4 The Wyndham Centre
Dairy Meadow Lane
Southampton Road
Salisbury
SP1 2TJ





REGISTERED NUMBER: 04715941 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 739,384 761,608
739,385 761,609

CURRENT ASSETS
Stocks 737,806 938,667
Debtors 6 148,808 127,593
Cash at bank 186,100 178,648
1,072,714 1,244,908
CREDITORS
Amounts falling due within one year 7 389,488 376,150
NET CURRENT ASSETS 683,226 868,758
TOTAL ASSETS LESS CURRENT LIABILITIES 1,422,611 1,630,367

CREDITORS
Amounts falling due after more than one
year

8

(71,810

)

(123,556

)

PROVISIONS FOR LIABILITIES (32,675 ) (27,364 )
NET ASSETS 1,318,126 1,479,447

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,317,126 1,478,447
SHAREHOLDERS' FUNDS 1,318,126 1,479,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





M C E Hotson - Director


PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Pine World Superstores 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2003, has been amortised evenly over its estimated useful life of five 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.
Freehold property - 1% on cost
Improvements to property - 1% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

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


PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 31 ) .

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 160,000
AMORTISATION
At 1 May 2023
and 30 April 2024 159,999
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 630,461 443,429 1,073,890
Additions - 499 499
At 30 April 2024 630,461 443,928 1,074,389
DEPRECIATION
At 1 May 2023 56,745 255,537 312,282
Charge for year 6,305 16,418 22,723
At 30 April 2024 63,050 271,955 335,005
NET BOOK VALUE
At 30 April 2024 567,411 171,973 739,384
At 30 April 2023 573,716 187,892 761,608

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,443 56,527
Other debtors 141,365 71,066
148,808 127,593

PINE WORLD SUPERSTORES LIMITED (REGISTERED NUMBER: 04715941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 111,202 56,287
Trade creditors 129,241 172,618
Taxation and social security 66,330 57,452
Other creditors 82,715 89,793
389,488 376,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 71,810 123,556

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 225,987 298,821
Between one and five years 76,911 141,730
302,898 440,551

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
475 "A" Ordinary £1 475 475
475 "B" Ordinary £1 475 475
50 "C" Ordinary £1 50 50
1,000 1,000

11. RELATED PARTY DISCLOSURES

Creditors due within one year include £403 (2023 - £1,116) which is owed to the directors of the company.