Registration number:
Pinmoore Animal Laboratory Services Ltd
for the Year Ended 31 December 2024
Pinmoore Animal Laboratory Services Ltd
Contents
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Balance Sheet |
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Notes to the Financial Statements |
Pinmoore Animal Laboratory Services Ltd
(Registration number: 05726828)
Balance Sheet as at 31 December 2024
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Note |
31 December |
31 December |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
500,100 |
100 |
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Retained earnings |
(484,520) |
(351,190) |
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Shareholders' funds/(deficit) |
15,580 |
(351,090) |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Pinmoore Animal Laboratory Services Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
In August 2024, Pinmoore joined the Eurofins network when its ultimate holding company DNACO Limited became a wholly owned subsidiary of Eurofins Scientific SE.
The new leadership will assist management to grow the business with new marketing initiatives and cost reduction programs. As a result EBITDA is expected to increase in 2025.
It is group policy to provide internal funding for companies and the Eurofins NSC Treasury monitor the cash for this company on a weekly basis.
In view of the above the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
Audit report
Reclassification of comparative amounts
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Pinmoore Animal Laboratory Services Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax payable.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in
the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
20% straight line |
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Computer equipment |
33.3% straight line |
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Fixtures and fittings |
20% straight line |
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Leasehold improvements |
10% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Pinmoore Animal Laboratory Services Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in
the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
Up to November 2024 the payroll was recharged by the parent company Orchid Cellmark Limited. The average number of persons recharged during the year was
From December 2024, the average number of persons employed by the company was 16 (2023 - 0).
Pinmoore Animal Laboratory Services Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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Tangible assets |
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Short leasehold land and buildings |
Fixtures and fittings |
Computer equipment |
Office equipment |
Total |
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Cost or valuation |
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At 1 January 2024 |
- |
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Disposals |
- |
( |
( |
( |
( |
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Transfers |
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( |
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( |
- |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
- |
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Charge for the year |
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Eliminated on disposal |
- |
( |
( |
( |
( |
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Fair value adjustments |
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Transfers |
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( |
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( |
- |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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- |
- |
- |
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At 31 December 2023 |
- |
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Pinmoore Animal Laboratory Services Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
The fixed asset categories and depreciation were aligned to Eurofins policy on acquisition and resulted in an additional depreciation charge of £8,419 as a fair value adjustment.
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Stocks |
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31 December |
31 December |
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Raw materials and consumables |
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Debtors |
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Current |
31 December |
31 December |
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Trade debtors |
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Prepayments |
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Other debtors |
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Pinmoore Animal Laboratory Services Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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Creditors |
Creditors: amounts falling due within one year
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Note |
31 December |
31 December |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to related parties |
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Taxation and social security |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
31 December |
31 December |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
Current loans and borrowings
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31 December |
31 December |
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Bank borrowings |
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Other borrowings |
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Pinmoore Animal Laboratory Services Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
Non-current loans and borrowings
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31 December |
31 December |
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Bank borrowings |
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Other borrowings |
- |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
These financial statements are available upon request from the ultimate parent company's website.
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Share capital |
Allotted, called up and fully paid shares
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31 December |
31 December |
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No. |
£ |
No. |
£ |
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500,100 |
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100 |
On 6 December 2024, a loan due to the parent company of £500,000 was converted to equity and 500,000 Ordinary Shares of £1 each were issued.