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REGISTERED NUMBER: 02898478 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

PINEBEAM LTD

PINEBEAM LTD (REGISTERED NUMBER: 02898478)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PINEBEAM LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D Peever
R Edwards
S Glick



SECRETARY: J Peever



REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY



REGISTERED NUMBER: 02898478 (England and Wales)



ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY



BANKERS: Barclays Bank
Pontypridd Business Centre
South Wales Valleys Group
PO Box No 32
Pontypridd
Mid Glamorgan
CF37 4YA

PINEBEAM LTD (REGISTERED NUMBER: 02898478)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,433 41,910

CURRENT ASSETS
Stocks 16,250 13,750
Debtors 5 379,833 440,782
Cash at bank and in hand 292 38,019
396,375 492,551
CREDITORS
Amounts falling due within one year 6 216,599 211,455
NET CURRENT ASSETS 179,776 281,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,209

323,006

CREDITORS
Amounts falling due after more than one
year

7

(56,081

)

(109,464

)

PROVISIONS FOR LIABILITIES (5,973 ) (10,478 )
NET ASSETS 149,155 203,064

CAPITAL AND RESERVES
Called up share capital 360 360
Retained earnings 148,795 202,704
SHAREHOLDERS' FUNDS 149,155 203,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





D Peever - Director


PINEBEAM LTD (REGISTERED NUMBER: 02898478)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Pinebeam Ltd 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 derived from the company's ordinary activities and represents invoiced sales of goods and services and is stated net of trade discounts, 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

PINEBEAM LTD (REGISTERED NUMBER: 02898478)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 19,163 76,908 96,071
DEPRECIATION
At 1 March 2023 6,346 47,815 54,161
Charge for year 3,204 7,273 10,477
At 29 February 2024 9,550 55,088 64,638
NET BOOK VALUE
At 29 February 2024 9,613 21,820 31,433
At 28 February 2023 12,817 29,093 41,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 379,833 440,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 62,121 46,412
Trade creditors 58,668 72,697
Taxation and social security 33,488 37,671
Other creditors 62,322 54,675
216,599 211,455

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 59,789 109,464
Hire purchase contracts (3,708 ) -
56,081 109,464

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
D Peever
Balance outstanding at start of year (10,855 ) 16,048
Amounts advanced 15,000 2,942
Amounts repaid (22,964 ) (29,845 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,819 ) (10,855 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Peever.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pinebeam Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pinebeam Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pinebeam Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pinebeam Ltd and state those matters that we have agreed to state to the Board of Directors of Pinebeam Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinebeam Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pinebeam Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pinebeam Ltd. You consider that Pinebeam Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pinebeam Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


28 November 2024