IRIS Accounts Production v24.3.2.46 07545865 director 1.4.23 28.3.24 28.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075458652023-03-31075458652024-03-28075458652023-04-012024-03-28075458652022-03-31075458652022-04-012023-03-31075458652023-03-3107545865ns15:EnglandWales2023-04-012024-03-2807545865ns14:PoundSterling2023-04-012024-03-2807545865ns10:Director12023-04-012024-03-2807545865ns10:PrivateLimitedCompanyLtd2023-04-012024-03-2807545865ns10:SmallEntities2023-04-012024-03-2807545865ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-2807545865ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-2807545865ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-2807545865ns10:FullAccounts2023-04-012024-03-280754586512023-04-012024-03-2807545865ns10:CompanySecretary12023-04-012024-03-2807545865ns10:RegisteredOffice2023-04-012024-03-2807545865ns5:CurrentFinancialInstruments2024-03-2807545865ns5:CurrentFinancialInstruments2023-03-3107545865ns5:Non-currentFinancialInstruments2024-03-2807545865ns5:Non-currentFinancialInstruments2023-03-3107545865ns5:ShareCapital2024-03-2807545865ns5:ShareCapital2023-03-3107545865ns5:SharePremium2024-03-2807545865ns5:SharePremium2023-03-3107545865ns5:RetainedEarningsAccumulatedLosses2024-03-2807545865ns5:RetainedEarningsAccumulatedLosses2023-03-3107545865ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-2807545865ns5:LeaseholdImprovements2023-04-012024-03-2807545865ns5:PlantMachinery2023-04-012024-03-2807545865ns5:FurnitureFittings2023-04-012024-03-2807545865ns5:MotorVehicles2023-04-012024-03-2807545865ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-3107545865ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-012024-03-2807545865ns5:PatentsTrademarksLicencesConcessionsSimilar2024-03-2807545865ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-3107545865ns5:LeaseholdImprovements2023-03-3107545865ns5:PlantMachinery2023-03-3107545865ns5:FurnitureFittings2023-03-3107545865ns5:MotorVehicles2023-03-3107545865ns5:LeaseholdImprovements2024-03-2807545865ns5:PlantMachinery2024-03-2807545865ns5:FurnitureFittings2024-03-2807545865ns5:MotorVehicles2024-03-2807545865ns5:LeaseholdImprovements2023-03-3107545865ns5:PlantMachinery2023-03-3107545865ns5:FurnitureFittings2023-03-3107545865ns5:MotorVehicles2023-03-3107545865ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-2807545865ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107545865ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-2807545865ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3107545865ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-2807545865ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3107545865ns5:BetweenOneTwoYears2023-03-31
REGISTERED NUMBER: 07545865 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 28 MARCH 2024

FOR

PIGLET'S PANTRY LIMITED

PIGLET'S PANTRY LIMITED (REGISTERED NUMBER: 07545865)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 28 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIGLET'S PANTRY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 28 MARCH 2024







DIRECTOR: Ms J Hunter





SECRETARY: Ms J Hunter





REGISTERED OFFICE: The Mill Building
31 Chatsworth Road
Worthing
BN11 1LY





REGISTERED NUMBER: 07545865 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

PIGLET'S PANTRY LIMITED (REGISTERED NUMBER: 07545865)

BALANCE SHEET
28 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,114 4,203
Tangible assets 5 1,573,311 1,468,562
1,575,425 1,472,765

CURRENT ASSETS
Stocks 6 408,297 407,033
Debtors 7 2,155,213 1,687,409
Cash at bank 27,847 3,546
2,591,357 2,097,988
CREDITORS
Amounts falling due within one year 8 3,143,696 2,519,702
NET CURRENT LIABILITIES (552,339 ) (421,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,023,086 1,051,051

CREDITORS
Amounts falling due after more than one year 9 (577,393 ) (791,699 )

PROVISIONS FOR LIABILITIES (344,552 ) (241,570 )
NET ASSETS 101,141 17,782

CAPITAL AND RESERVES
Called up share capital 1,230 1,230
Share premium 3,120 3,120
Retained earnings 96,791 13,432
101,141 17,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PIGLET'S PANTRY LIMITED (REGISTERED NUMBER: 07545865)

BALANCE SHEET - continued
28 MARCH 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 director and authorised for issue on 30 January 2025 and were signed by:





Ms J Hunter - Director


PIGLET'S PANTRY LIMITED (REGISTERED NUMBER: 07545865)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 28 MARCH 2024

1. STATUTORY INFORMATION

Piglet's Pantry Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

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 - 10% on cost
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 period 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 period 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 period was 316 (2023 - 178 ) .

PIGLET'S PANTRY LIMITED (REGISTERED NUMBER: 07545865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 28 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023 23,494
Additions 769
At 28 March 2024 24,263
AMORTISATION
At 1 April 2023 19,291
Amortisation for period 2,858
At 28 March 2024 22,149
NET BOOK VALUE
At 28 March 2024 2,114
At 31 March 2023 4,203

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 456,774 898,744 199,485 348,380 1,903,383
Additions 24,553 187,798 49,779 - 262,130
At 28 March 2024 481,327 1,086,542 249,264 348,380 2,165,513
DEPRECIATION
At 1 April 2023 101,170 164,792 50,681 118,178 434,821
Charge for period 30,700 44,423 36,216 46,042 157,381
At 28 March 2024 131,870 209,215 86,897 164,220 592,202
NET BOOK VALUE
At 28 March 2024 349,457 877,327 162,367 184,160 1,573,311
At 31 March 2023 355,604 733,952 148,804 230,202 1,468,562

6. STOCKS
2024 2023
£    £   
Stocks 408,297 407,033

PIGLET'S PANTRY LIMITED (REGISTERED NUMBER: 07545865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 28 MARCH 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,516,077 849,017
Other debtors 162,158 167,000
Directors' current accounts - 9,245
Accrued income 194,525 177,248
Prepayments 129,212 295,589
2,001,972 1,498,099

Amounts falling due after more than one year:
Tax 153,241 189,310

Aggregate amounts 2,155,213 1,687,409

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 130,839 126,777
Other loans 311,493 275,144
Hire purchase contracts 179,970 152,280
Trade creditors 995,869 1,031,289
Social security and other taxes 153,009 104,547
VAT 148,723 86,173
Other creditors 1,188,128 720,121
Accrued expenses 35,665 23,371
3,143,696 2,519,702

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 131,747 393,733
Bank loans - 2-5 years 132,493 -
Other loans - 1-2 years 47,136 84,000
Other loans - 2-5 years 21,000 -
Hire purchase contracts 245,017 313,966
577,393 791,699

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms J Hunter.

This was by virtue of her 81% holding of the issued share capital.