IRIS Accounts Production v24.3.2.46 SC062061 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0620612023-04-30SC0620612024-04-30SC0620612023-05-012024-04-30SC0620612022-04-30SC0620612022-05-012023-04-30SC0620612023-04-30SC062061ns15:Scotland2023-05-012024-04-30SC062061ns14:PoundSterling2023-05-012024-04-30SC062061ns10:Director12023-05-012024-04-30SC062061ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC062061ns10:SmallEntities2023-05-012024-04-30SC062061ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC062061ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC062061ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC062061ns10:FullAccounts2023-05-012024-04-30SC062061ns10:Director32023-05-012024-04-30SC062061ns10:Director42023-05-012024-04-30SC062061ns10:CompanySecretary12023-05-012024-04-30SC062061ns10:RegisteredOffice2023-05-012024-04-30SC062061ns5:CurrentFinancialInstruments2024-04-30SC062061ns5:CurrentFinancialInstruments2023-04-30SC062061ns5:Non-currentFinancialInstruments2024-04-30SC062061ns5:Non-currentFinancialInstruments2023-04-30SC062061ns5:ShareCapital2024-04-30SC062061ns5:ShareCapital2023-04-30SC062061ns5:RetainedEarningsAccumulatedLosses2024-04-30SC062061ns5:RetainedEarningsAccumulatedLosses2023-04-30SC062061ns5:PlantMachinery2023-05-012024-04-30SC062061ns5:FurnitureFittings2023-05-012024-04-30SC062061ns5:MotorVehicles2023-05-012024-04-30SC062061ns5:ComputerEquipment2023-05-012024-04-30SC062061ns5:LandBuildings2023-04-30SC062061ns5:PlantMachinery2023-04-30SC062061ns5:FurnitureFittings2023-04-30SC062061ns5:LandBuildings2023-05-012024-04-30SC062061ns5:LandBuildings2024-04-30SC062061ns5:PlantMachinery2024-04-30SC062061ns5:FurnitureFittings2024-04-30SC062061ns5:LandBuildings2023-04-30SC062061ns5:PlantMachinery2023-04-30SC062061ns5:FurnitureFittings2023-04-30SC062061ns5:MotorVehicles2023-04-30SC062061ns5:ComputerEquipment2023-04-30SC062061ns5:MotorVehicles2024-04-30SC062061ns5:ComputerEquipment2024-04-30SC062061ns5:MotorVehicles2023-04-30SC062061ns5:ComputerEquipment2023-04-30SC062061ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC062061ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30SC062061ns5:Secured2024-04-30SC062061ns5:Secured2023-04-30
REGISTERED NUMBER: SC062061 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

J PIERONI & SONS LIMITED

J PIERONI & SONS LIMITED (REGISTERED NUMBER: SC062061)

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


J PIERONI & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J M Pieroni
J Pieroni
D Bentley





SECRETARY: D Bentley





REGISTERED OFFICE: 47 Peebles Street
AYR
Ayrshire
KA8 8DP





REGISTERED NUMBER: SC062061 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
20 Barns Street
Ayr
Ayrshire
KA7 1XA

J PIERONI & SONS LIMITED (REGISTERED NUMBER: SC062061)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,337 261,248

CURRENT ASSETS
Stocks 45,000 40,000
Debtors 5 462,845 418,246
Cash at bank and in hand 80,274 103,725
588,119 561,971
CREDITORS
Amounts falling due within one year 6 454,538 419,366
NET CURRENT ASSETS 133,581 142,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,918

403,853

CREDITORS
Amounts falling due after more than one
year

7

(11,629

)

(21,529

)

PROVISIONS FOR LIABILITIES (15,494 ) (19,852 )
NET ASSETS 355,795 362,472

CAPITAL AND RESERVES
Called up share capital 70,000 70,000
Retained earnings 285,795 292,472
SHAREHOLDERS' FUNDS 355,795 362,472

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.

J PIERONI & SONS LIMITED (REGISTERED NUMBER: SC062061)

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 31 January 2025 and were signed on its behalf by:





J M Pieroni - Director


J PIERONI & SONS LIMITED (REGISTERED NUMBER: SC062061)

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


1. STATUTORY INFORMATION

J Pieroni & Sons Limited is a private company, limited by shares , registered in Scotland. 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

A review of impairment is carried out at each reporting date. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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

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.

FINANCIAL INSTRUMENTS
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

J PIERONI & SONS LIMITED (REGISTERED NUMBER: SC062061)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023
and 30 April 2024 181,839 257,851 31,257
DEPRECIATION
At 1 May 2023 - 211,029 30,639
Charge for year - 7,023 93
At 30 April 2024 - 218,052 30,732
NET BOOK VALUE
At 30 April 2024 181,839 39,799 525
At 30 April 2023 181,839 46,822 618

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 256,306 35,246 762,499
DEPRECIATION
At 1 May 2023 226,741 32,842 501,251
Charge for year 4,435 360 11,911
At 30 April 2024 231,176 33,202 513,162
NET BOOK VALUE
At 30 April 2024 25,130 2,044 249,337
At 30 April 2023 29,565 2,404 261,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 419,154 344,206
Other debtors 43,691 74,040
462,845 418,246

J PIERONI & SONS LIMITED (REGISTERED NUMBER: SC062061)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 118,078 39,458
Trade creditors 295,815 257,613
Taxation and social security 21,094 98,028
Other creditors 19,551 24,267
454,538 419,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 11,629 21,529

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank loans 129,707 60,987

The debt is secured by a bond and floating charge over the assets of the company.

9. RELATED PARTY DISCLOSURES

The company was under the control of the Directors throughout the current and previous year. No individual director has ultimate control.