1 April 2024 false No description of principal activity Taxfiler 2024.6 13289275business:PrivateLimitedCompanyLtd2024-04-012025-03-31 132892752024-03-31 132892752024-04-012025-03-31 13289275business:AuditExemptWithAccountantsReport2024-04-012025-03-31 13289275business:FilletedAccounts2024-04-012025-03-31 132892752025-03-31 13289275business:Director12024-04-012025-03-31 13289275business:RegisteredOffice2024-04-012025-03-31 132892752024-03-31 13289275core:WithinOneYear2025-03-31 13289275core:WithinOneYear2024-03-31 13289275core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 13289275core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13289275core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 13289275core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13289275core:PreviouslyStatedAmount2025-03-31 13289275core:PreviouslyStatedAmount2024-03-31 13289275business:SmallEntities2024-04-012025-03-31 13289275countries:EnglandWales2024-04-012025-03-31 13289275core:FurnitureFittings2024-04-012025-03-31 13289275core:ComputerEquipment2024-04-012025-03-31 13289275core:FurnitureFittings2024-03-31 13289275core:ComputerEquipment2024-03-31 13289275core:FurnitureFittings2025-03-31 13289275core:ComputerEquipment2025-03-31 13289275core:AfterOneYear2025-03-31 13289275core:AfterOneYear2024-03-31 13289275business:OrdinaryShareClass12024-04-012025-03-31 13289275business:OrdinaryShareClass12023-04-012024-03-31 132892752023-04-012024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13289275 (England and Wales)
PIMS (Leeds) LTD Unaudited accounts for the year ended 31 March 2025
PIMS (Leeds) LTD Unaudited accounts Contents
Page
- 2 -
PIMS (Leeds) LTD Company Information for the year ended 31 March 2025
Director
Mr P Hague
Company Number
13289275 (England and Wales)
Registered Office
15 Amelia Stewart Lane Crossgates Leeds West Yorkshire LS15 8FS England
Accountants
Sparham Harnell Limited Churchill House 29 Mill Hill Road Pontefract West Yorkshire WF8 4HY
- 3 -
PIMS (Leeds) LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,797 
2,158 
Current assets
Inventories
12,385 
27,630 
Debtors
77 
86 
Cash at bank and in hand
21,699 
14,885 
34,161 
42,601 
Creditors: amounts falling due within one year
(28,751)
(27,955)
Net current assets
5,410 
14,646 
Total assets less current liabilities
7,207 
16,804 
Provisions for liabilities
Deferred tax
(341)
(410)
Net assets
6,866 
16,394 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,766 
16,294 
Shareholders' funds
6,866 
16,394 
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 28 April 2025 and were signed on its behalf by
Mr P Hague Director Company Registration No. 13289275
- 4 -
PIMS (Leeds) LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
PIMS (Leeds) LTD is a private company, limited by shares, registered in England and Wales, registration number 13289275. The registered office is 15 Amelia Stewart Lane, Crossgates, Leeds, West Yorkshire, LS15 8FS, England.
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 year, 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:
Fixtures & fittings
15% reducing balance
Computer equipment
33.3% 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
PIMS (Leeds) LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
3,250 
2,504 
5,754 
At 31 March 2025
3,250 
2,504 
5,754 
Depreciation
At 1 April 2024
1,254 
2,342 
3,596 
Charge for the year
299 
62 
361 
At 31 March 2025
1,553 
2,404 
3,957 
Net book value
At 31 March 2025
1,697 
100 
1,797 
At 31 March 2024
1,996 
162 
2,158 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
77 
86 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
7,993 
8,412 
Taxes and social security
16,309 
10,657 
Other creditors
496 
496 
Loans from directors
1,854 
4,961 
Accruals
2,099 
3,429 
28,751 
27,955 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
- 6 -