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REGISTERED NUMBER: 00167743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pinder Brothers Ltd

Pinder Brothers Ltd (Registered number: 00167743)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pinder Brothers Ltd

Company Information
for the year ended 31 December 2024







DIRECTORS: M Pinder
D A Pinder OBE





SECRETARY: M Pinder





REGISTERED OFFICE: Sheaf Plate Works
Arundel Street
Sheffield
South Yorkshire
S1 1DJ





REGISTERED NUMBER: 00167743 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Pinder Brothers Ltd (Registered number: 00167743)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,453 39,910
54,453 39,910

CURRENT ASSETS
Stocks 6 542,230 531,926
Debtors 7 40,805 55,552
Prepayments and accrued income 53,297 52,719
Cash at bank and in hand 181 4,594
636,513 644,791
CREDITORS
Amounts falling due within one year 8 422,029 404,317
NET CURRENT ASSETS 214,484 240,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,937

280,384

CREDITORS
Amounts falling due after more than
one year

9

(13,643

)

(43,209

)

ACCRUALS AND DEFERRED INCOME (9,591 ) (703 )
NET ASSETS 245,703 236,472

Pinder Brothers Ltd (Registered number: 00167743)

Statement of Financial Position - continued
31 December 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 272,727 272,727
Other reserves 1,371 1,371
Retained earnings (28,395 ) (37,626 )
SHAREHOLDERS' FUNDS 245,703 236,472

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 14 April 2025 and were signed on its behalf by:





M Pinder - Director


Pinder Brothers Ltd (Registered number: 00167743)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Pinder Brothers Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 7.5% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.


Pinder Brothers Ltd (Registered number: 00167743)

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 statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 5,000
AMORTISATION
At 1 January 2024
and 31 December 2024 5,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Pinder Brothers Ltd (Registered number: 00167743)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 2,280 76,007 18,287 11,199 107,773
Additions - 23,098 - - 23,098
At 31 December 2024 2,280 99,105 18,287 11,199 130,871
DEPRECIATION
At 1 January 2024 - 42,321 13,288 9,974 65,583
Charge for year - 9,830 375 630 10,835
At 31 December 2024 - 52,151 13,663 10,604 76,418
NET BOOK VALUE
At 31 December 2024 2,280 46,954 4,624 595 54,453
At 31 December 2023 2,280 33,686 4,999 1,225 42,190

6. STOCKS
2024 2023
£    £   
Finished goods 542,230 531,926

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,866 59,457
Transfer group S/L balances (900 ) (900 )
Bad debt provision (1,553 ) (3,005 )
Directors' current accounts 1,392 -
40,805 55,552

Pinder Brothers Ltd (Registered number: 00167743)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,725 45,705
Other loans 75,000 75,000
Trade creditors 37,761 17,026
Amounts owed to group undertakings 36,711 18,825
Social security and other taxes 1,766 1,337
VAT 10,288 21,747
Other creditors 21,984 21,984
Pension Control 506 -
Directors' current accounts 174,254 191,943
Accrued expenses 11,034 10,750
422,029 404,317

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,958 29,226
Bank loans - 2-5 years 6,685 13,983
13,643 43,209

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,000 11,000
Between one and five years 4,583 15,583
15,583 26,583

Pinder Brothers Ltd (Registered number: 00167743)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
M Pinder
Balance outstanding at start of year - -
Amounts advanced 1,896 -
Amounts repaid (505 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,391 -

All loans to/from directors are given interest free and have no fixed repayment terms.