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REGISTERED NUMBER: 02488822 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PINEWOOD CLEANING SERVICES LTD.

PINEWOOD CLEANING SERVICES LTD. (REGISTERED NUMBER: 02488822)






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


PINEWOOD CLEANING SERVICES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr J T Keene
Mrs A Keene





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





BUSINESS ADDRESS: 5 Charter Court
Brize Norton Road
Minster Lovell
Witney
Oxfordshire
OX29 0AB





REGISTERED NUMBER: 02488822 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

PINEWOOD CLEANING SERVICES LTD. (REGISTERED NUMBER: 02488822)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 31,859 36,381
33,859 40,381

CURRENT ASSETS
Stocks 1,300 1,300
Debtors 6 73,489 82,214
Cash at bank 72,240 96,147
147,029 179,661
CREDITORS
Amounts falling due within one year 7 52,245 56,887
NET CURRENT ASSETS 94,784 122,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,643

163,155

CREDITORS
Amounts falling due after more than one
year

8

(2,222

)

(4,889

)

PROVISIONS FOR LIABILITIES 9 (2,959 ) (3,818 )
NET ASSETS 123,462 154,448

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 123,362 154,348
SHAREHOLDERS' FUNDS 123,462 154,448

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.

PINEWOOD CLEANING SERVICES LTD. (REGISTERED NUMBER: 02488822)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




Mr J T Keene - Director



Mrs A Keene - Director


PINEWOOD CLEANING SERVICES LTD. (REGISTERED NUMBER: 02488822)

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

1. STATUTORY INFORMATION

Pinewood Cleaning Services 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.

The nature of the company's operations and principal activity is that of industrial and domestic contract cleaning. The company's principal place of business is Minster Lovell, Oxfordshire. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 represents net invoiced sales and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2010, is being written off on a 10% straight line basis.
Goodwill, being the amount paid in connection with the acquisition of the business Brighthome Cleaning Services on 31 May 2015 and is being amortised on a 10% straight line basis.

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.
Improvements to property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.


PINEWOOD CLEANING SERVICES LTD. (REGISTERED NUMBER: 02488822)

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

2. ACCOUNTING POLICIES - continued
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 54 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 41,000
AMORTISATION
At 1 May 2023 37,000
Amortisation for year 2,000
At 30 April 2024 39,000
NET BOOK VALUE
At 30 April 2024 2,000
At 30 April 2023 4,000

PINEWOOD CLEANING SERVICES LTD. (REGISTERED NUMBER: 02488822)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 16,285 12,531 9,519
Additions - 339 -
At 30 April 2024 16,285 12,870 9,519
DEPRECIATION
At 1 May 2023 - 11,115 7,033
Charge for year - 439 373
At 30 April 2024 - 11,554 7,406
NET BOOK VALUE
At 30 April 2024 16,285 1,316 2,113
At 30 April 2023 16,285 1,416 2,486

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 23,124 11,205 72,664
Additions - - 339
At 30 April 2024 23,124 11,205 73,003
DEPRECIATION
At 1 May 2023 6,930 11,205 36,283
Charge for year 4,049 - 4,861
At 30 April 2024 10,979 11,205 41,144
NET BOOK VALUE
At 30 April 2024 12,145 - 31,859
At 30 April 2023 16,194 - 36,381

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 65,773 72,771
Other debtors - 2,738
Prepayments 7,716 6,705
73,489 82,214

PINEWOOD CLEANING SERVICES LTD. (REGISTERED NUMBER: 02488822)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,667 2,667
Trade creditors 7,786 12,645
Tax 4,099 14,941
Social security and other taxes 12 -
VAT 14,599 15,690
Other creditors 698 454
Net wages 11,626 -
Directors' current accounts 6,728 7,133
Accrued expenses 4,030 3,357
52,245 56,887

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 2,222 2,667
Bank loans - 2-5 years - 2,222
2,222 4,889

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 2,959 3,818

Deferred
tax
£   
Balance at 1 May 2023 3,818
Provided during year (859 )
Balance at 30 April 2024 2,959

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100