1 February 2024 false No description of principal activity Taxfiler 2024.6 05342670business:PrivateLimitedCompanyLtd2024-02-012024-12-31 053426702024-01-31 053426702024-02-012024-12-31 05342670business:AuditExempt-NoAccountantsReport2024-02-012024-12-31 05342670business:FilletedAccounts2024-02-012024-12-31 053426702024-12-31 05342670business:Director22024-02-012024-12-31 05342670business:Director32024-02-012024-12-31 05342670business:RegisteredOffice2024-02-012024-12-31 053426702024-01-31 05342670core:WithinOneYear2024-12-31 05342670core:WithinOneYear2024-01-31 05342670core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 05342670core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 05342670core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 05342670core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 05342670core:PreviouslyStatedAmount2024-12-31 05342670core:PreviouslyStatedAmount2024-01-31 05342670business:SmallEntities2024-02-012024-12-31 05342670countries:EnglandWales2024-02-012024-12-31 05342670core:PlantMachinery2024-02-012024-12-31 05342670core:ComputerEquipment2024-02-012024-12-31 05342670core:OtherPropertyPlantEquipment2024-02-012024-12-31 05342670core:PlantMachinery2024-01-31 05342670core:FurnitureFittings2024-01-31 05342670core:FurnitureFittings2024-02-012024-12-31 05342670core:PlantMachinery2024-12-31 05342670core:FurnitureFittings2024-12-31 05342670core:AfterOneYear2024-12-31 05342670core:AfterOneYear2024-01-31 053426702023-02-012024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 05342670 (England and Wales)
Pinknoise-Systems Ltd Unaudited accounts for the period from 1 February 2024 to 31 December 2024
Pinknoise-Systems Ltd Unaudited accounts Contents
Page
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Pinknoise-Systems Ltd Company Information for the period from 1 February 2024 to 31 December 2024
Directors
Glen Allen Trew Sr Glen Allen Trew Jr
Company Number
05342670 (England and Wales)
Registered Office
Unit 21 Jessop Court Waterwells Business Park Quedgeley Gloucester GL2 2AP United Kingdom
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Pinknoise-Systems Ltd Statement of financial position as at 31 December 2024
31/12/2024 
31/01/2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,024 
33,017 
Current assets
Inventories
938,121 
1,229,917 
Debtors
691,626 
383,150 
Cash at bank and in hand
174,371 
432,065 
1,804,118 
2,045,132 
Creditors: amounts falling due within one year
(121,755)
(225,579)
Net current assets
1,682,363 
1,819,553 
Total assets less current liabilities
1,733,387 
1,852,570 
Provisions for liabilities
Deferred tax
- 
(8,254)
Net assets
1,733,387 
1,844,316 
Capital and reserves
Called up share capital
220 
220 
Profit and loss account
1,733,167 
1,844,096 
Shareholders' funds
1,733,387 
1,844,316 
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by
Glen Allen Trew Jr Director Company Registration No. 05342670
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Pinknoise-Systems Ltd Notes to the Accounts for the period from 1 February 2024 to 31 December 2024
1
Statutory information
Pinknoise-Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 05342670. The registered office is Unit 21, Jessop Court, Waterwells Business Park, Quedgeley, Gloucester, GL2 2AP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
Other tangible fixed assets
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Pinknoise-Systems Ltd Notes to the Accounts for the period from 1 February 2024 to 31 December 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
34,507 
24,509 
59,016 
Additions
25,425 
11,705 
37,130 
Disposals
(27,007)
- 
(27,007)
At 31 December 2024
32,925 
36,214 
69,139 
Depreciation
At 1 February 2024
21,097 
4,902 
25,999 
Charge for the period
6,445 
6,768 
13,213 
On disposals
(21,097)
- 
(21,097)
At 31 December 2024
6,445 
11,670 
18,115 
Net book value
At 31 December 2024
26,480 
24,544 
51,024 
At 31 January 2024
13,410 
19,607 
33,017 
5
Debtors
31/12/2024 
31/01/2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,321 
77,587 
Amounts due from group undertakings etc.
154,237 
240,954 
Accrued income and prepayments
3,093 
2,505 
Other debtors
7,975 
62,104 
191,626 
383,150 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
500,000 
- 
6
Creditors: amounts falling due within one year
31/12/2024 
31/01/2024 
£ 
£ 
Bank loans and overdrafts
686 
1,190 
VAT
19,638 
1,101 
Trade creditors
89,529 
221,788 
Taxes and social security
8,788 
- 
Accruals
3,114 
1,500 
121,755 
225,579 
7
Average number of employees
During the period the average number of employees was 12 (31/01/2024: 15).
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