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PRIDE-EYE DISTRIBUTION LIMITED

Registered Number
07135023
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

PRIDE-EYE DISTRIBUTION LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

BLACKBURN, Annabelle Louise
BLACKBURN, Christopher Iain Mcclung

Registered Address

Whiteleaf Business Centre 11
Little Balmer
Buckingham
MK18 1TF

Registered Number

07135023 (England and Wales)
PRIDE-EYE DISTRIBUTION LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets32,1433,215
Tangible assets42,6203,905
4,7637,120
Current assets
Stocks552,36538,415
Debtors77,40932,959
Cash at bank and on hand55931,106
130,333102,480
Creditors amounts falling due within one year6(122,042)(88,672)
Net current assets (liabilities)8,29113,808
Total assets less current liabilities13,05420,928
Creditors amounts falling due after one year7(8,754)(15,196)
Accruals and deferred income(3,945)(3,640)
Net assets3552,092
Capital and reserves
Called up share capital200200
Profit and loss account1551,892
Shareholders' funds3552,092
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
BLACKBURN, Christopher Iain Mcclung
Director
Registered Company No. 07135023
PRIDE-EYE DISTRIBUTION LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Intangible assets
Intangibles comprise website development costs which are written off over 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 2310,71710,717
At 29 February 2410,71710,717
Amortisation and impairment
At 01 March 237,5027,502
Charge for year1,0721,072
At 29 February 248,5748,574
Net book value
At 29 February 242,1432,143
At 28 February 233,2153,215
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 March 233,9334,8668,799
At 29 February 243,9334,8668,799
Depreciation and impairment
At 01 March 231,5733,3214,894
Charge for year7874981,285
At 29 February 242,3603,8196,179
Net book value
At 29 February 241,5731,0472,620
At 28 February 232,3601,5453,905
5.Stocks

2024

2023

££
Work in progress52,36538,415
Total52,36538,415
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables72,51158,358
Bank borrowings and overdrafts6,9216,921
Taxation and social security42,61023,393
Total122,04288,672
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts8,75415,196
Total8,75415,196