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Registration number: 02702069

Christine Pirrie Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Christine Pirrie Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Christine Pirrie Limited

Company Information

Director

Dr Nancy May Guttridge-Smith

Company secretary

Mr David Russell Smith

Registered office

7/8 Maiden Lane
Stamford
Lincolnshire
PE9 2AZ

 

Christine Pirrie Limited

(Registration number: 02702069)
Balance Sheet as at 30 April 2024

Note

2024

2023

   

£

£

£

£

Fixed Assets

   

 

Tangible Assets

4

 

9,284

 

11,907

Current assets

   

 

Stocks

5

20,355

 

16,877

 

Debtors

6

12,728

 

13,414

 

Cash at bank and in hand

 

9,253

 

18,691

 

 

42,336

 

48,982

 

Creditors: Amounts falling due within one year

7

(87,692)

 

(70,264)

 

Net current liabilities

   

(45,356)

 

(21,282)

Total assets less current liabilities

   

(36,072)

 

(9,375)

Provisions for liabilities

 

(2,321)

 

(4,873)

Net liabilities

   

(38,393)

 

(14,248)

Capital and Reserves

   

 

Called up share capital

8

55,080

 

55,080

 

Retained Earnings

(93,473)

 

(69,328)

 

Shareholders' deficit

   

(38,393)

 

(14,248)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 January 2025
 

 

Christine Pirrie Limited

(Registration number: 02702069)
Balance Sheet as at 30 April 2024

.........................................
Dr Nancy May Guttridge-Smith
Director

   
     
 

Christine Pirrie Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7/8 Maiden Lane
Stamford
Lincolnshire
PE9 2AZ
United Kingdom

These financial statements were authorised for issue by the director on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Christine Pirrie Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2023 - 12).

 

Christine Pirrie Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible Assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

194,977

45,242

36,646

276,865

Additions

70

-

400

470

At 30 April 2024

195,047

45,242

37,046

277,335

Depreciation

At 1 May 2023

190,281

42,264

32,413

264,958

Charge for the year

1,191

744

1,158

3,093

At 30 April 2024

191,472

43,008

33,571

268,051

Carrying amount

At 30 April 2024

3,575

2,234

3,475

9,284

At 30 April 2023

4,696

2,978

4,233

11,907

5

Stocks

2024
£

2023
£

Other inventories

20,355

16,877

6

Debtors

Current

2024
£

2023
£

Trade Debtors

10,885

10,308

Prepayments

1

-

Other debtors

1,842

3,106

 

12,728

13,414

7

Creditors

Creditors: amounts falling due within one year

 

Christine Pirrie Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

11,258

-

Trade Creditors

 

32,406

32,389

Taxation and social security

 

41,921

35,386

Accruals and deferred income

 

1,068

1,068

Other creditors

 

1,039

1,421

 

87,692

70,264

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

55,080

55,080

55,080

55,080

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

11,258

-