Registered number
03201728
Pinder, Cox & Company Limited
Filleted Accounts
31 October 2024
Pinder, Cox & Company Limited
Registered number: 03201728
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 38,138 54,459
Tangible assets 4 7,872 6,975
46,010 61,434
Current assets
Stocks 451 317
Debtors 5 54,565 56,360
Cash at bank and in hand 52,369 21,027
107,385 77,704
Creditors: amounts falling due within one year 6 (54,977) (50,851)
Net current assets 52,408 26,853
Total assets less current liabilities 98,418 88,287
Provisions for liabilities (1,319) (1,313)
Net assets 97,099 86,974
Capital and reserves
Called up share capital 100 100
Profit and loss account 96,999 86,874
Shareholder's funds 97,099 86,974
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Paul Stanton
Director
Approved by the board on 17 July 2025
Pinder, Cox & Company Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 3 years/15% reducing balance
Fixtures and fittings 10% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 142,455
At 31 October 2024 142,455
Amortisation
At 1 November 2023 87,996
Provided during the year 16,321
At 31 October 2024 104,317
Net book value
At 31 October 2024 38,138
At 31 October 2023 54,459
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Office equipment Fixtures & fittings Total
£ £ £
Cost
At 1 November 2023 16,441 3,156 19,597
Additions 3,750 - 3,750
Disposals (1,069) - (1,069)
At 31 October 2024 19,122 3,156 22,278
Depreciation
At 1 November 2023 10,886 1,736 12,622
Charge for the year 2,711 142 2,853
On disposals (1,069) - (1,069)
At 31 October 2024 12,528 1,878 14,406
Net book value
At 31 October 2024 6,594 1,278 7,872
At 31 October 2023 5,555 1,420 6,975
5 Debtors 2024 2023
£ £
Trade debtors 36,710 33,951
Other debtors 17,855 22,409
54,565 56,360
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 15,014 6,282
Taxation and social security costs 26,770 28,672
Other creditors 13,193 15,897
54,977 50,851
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 12,946 11,770
8 Other information
Pinder, Cox & Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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