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REGISTERED NUMBER: 06503070 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PIN-IT PASTRY LIMITED

PIN-IT PASTRY LIMITED (REGISTERED NUMBER: 06503070)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIN-IT PASTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M R Jones
Mrs E Crowther
P Stanton
Mrs C J Jones
Mrs K J Stanton
A C Crowther





SECRETARY: Mrs C J Jones





REGISTERED OFFICE: Abergarw Estate
Brynmenyn
Bridgend
Mid Glamorgan
CF32 9LW





REGISTERED NUMBER: 06503070 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

PIN-IT PASTRY LIMITED (REGISTERED NUMBER: 06503070)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5 5
Tangible assets 5 1,559,481 1,741,234
1,559,486 1,741,239

CURRENT ASSETS
Stocks 526,354 778,100
Debtors 6 1,736,157 1,176,495
Cash at bank and in hand 1,121,204 746,005
3,383,715 2,700,600
CREDITORS
Amounts falling due within one year 7 2,003,277 2,337,160
NET CURRENT ASSETS 1,380,438 363,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,939,924

2,104,679

CREDITORS
Amounts falling due after more than one year 8 (130,000 ) (9,000 )

PROVISIONS FOR LIABILITIES (209,049 ) (181,733 )
NET ASSETS 2,600,875 1,913,946

PIN-IT PASTRY LIMITED (REGISTERED NUMBER: 06503070)

BALANCE SHEET - continued
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 99 99
Share premium 99,901 99,901
Retained earnings 2,500,875 1,813,946
SHAREHOLDERS' FUNDS 2,600,875 1,913,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Mrs C J Jones - Director


PIN-IT PASTRY LIMITED (REGISTERED NUMBER: 06503070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Pin-It Pastry 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.

Goodwill
The goodwill has now been amortised in full.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land & Buildings 2% Straight line
Plant & Machinery 5, 10 & 20 years
Computer Equipment 33% Straight Line

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 year 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.


PIN-IT PASTRY LIMITED (REGISTERED NUMBER: 06503070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

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 year was 57 (2023 - 53 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 196,705 5 196,710
AMORTISATION
At 1 January 2024
and 31 December 2024 196,705 - 196,705
NET BOOK VALUE
At 31 December 2024 - 5 5
At 31 December 2023 - 5 5

PIN-IT PASTRY LIMITED (REGISTERED NUMBER: 06503070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,586,050 2,254,851 109,544 3,950,445
Additions - 22,844 42,485 65,329
Disposals - (6,753 ) (4,736 ) (11,489 )
At 31 December 2024 1,586,050 2,270,942 147,293 4,004,285
DEPRECIATION
At 1 January 2024 353,741 1,820,073 35,397 2,209,211
Charge for year 41,005 163,468 31,120 235,593
At 31 December 2024 394,746 1,983,541 66,517 2,444,804
NET BOOK VALUE
At 31 December 2024 1,191,304 287,401 80,776 1,559,481
At 31 December 2023 1,232,309 434,778 74,147 1,741,234

The directors' did not carry out a professional valuation of the Freehold Property at the year end, however they carried out their own fair valuation of the property and are satisfied with the amount stated in the note above.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 1,552,727 1,119,163
Other debtors 183,430 57,332
1,736,157 1,176,495

Included in other debtors is an amount of £105,576 ( 2023 - credit £938,513) under an invoice discounting facility the company has in place.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 135,000 67,667
Trade creditors 624,765 541,012
Taxation and social security 778,134 498,643
Other creditors 465,378 1,229,838
2,003,277 2,337,160

Included in other creditors is an amount of Nil (2023: £938,513) under an invoice discounting facility the company has in place.

PIN-IT PASTRY LIMITED (REGISTERED NUMBER: 06503070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 130,000 9,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 265,000 76,667

Bank loans and overdrafts are secured on all the assets of the company.