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
PIMS (Leeds) LTD
Company Information
for the year ended 31 March 2025
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
PIMS (Leeds) LTD
Statement of financial position
as at 31 March 2025
Tangible assets
1,797
2,158
Cash at bank and in hand
21,699
14,885
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
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
PIMS (Leeds) LTD
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
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
At 31 March 2025
1,697
100
1,797
At 31 March 2024
1,996
162
2,158
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
Loans from directors
1,854
4,961
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).