Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13244885 Mr Matthew Bonner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13244885 2024-03-31 13244885 2025-03-31 13244885 2024-04-01 2025-03-31 13244885 frs-core:CurrentFinancialInstruments 2025-03-31 13244885 frs-core:ComputerEquipment 2025-03-31 13244885 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13244885 frs-core:ComputerEquipment 2024-03-31 13244885 frs-core:MotorVehicles 2025-03-31 13244885 frs-core:MotorVehicles 2024-04-01 2025-03-31 13244885 frs-core:MotorVehicles 2024-03-31 13244885 frs-core:PlantMachinery 2025-03-31 13244885 frs-core:PlantMachinery 2024-04-01 2025-03-31 13244885 frs-core:PlantMachinery 2024-03-31 13244885 frs-core:ShareCapital 2025-03-31 13244885 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13244885 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13244885 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13244885 frs-bus:SmallEntities 2024-04-01 2025-03-31 13244885 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13244885 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13244885 frs-bus:Director1 2024-04-01 2025-03-31 13244885 frs-countries:EnglandWales 2024-04-01 2025-03-31 13244885 2023-03-31 13244885 2024-03-31 13244885 2023-04-01 2024-03-31 13244885 frs-core:CurrentFinancialInstruments 2024-03-31 13244885 frs-core:ShareCapital 2024-03-31 13244885 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13244885
Pinewood Construction Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13244885
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,713 16,183
60,713 16,183
CURRENT ASSETS
Work in progress 5 4,215 10,000
Debtors 6 13,122 3,060
Cash at bank and in hand 96,183 129,160
113,520 142,220
Creditors: Amounts Falling Due Within One Year 7 (18,691 ) (39,715 )
NET CURRENT ASSETS (LIABILITIES) 94,829 102,505
TOTAL ASSETS LESS CURRENT LIABILITIES 155,542 118,688
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,178 ) (3,884 )
NET ASSETS 140,364 114,804
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 140,362 114,802
SHAREHOLDERS' FUNDS 140,364 114,804
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Bonner
Director
28/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pinewood Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13244885 . The registered office is 33 Pinewood Avenue, Sevenoaks, Kent, TN14 5AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
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 bases:
Plant & Machinery 15% WDV
Motor Vehicles 15% WDV
Computer Equipment 15% WDV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 3,403 21,300 1,648 26,351
Additions - 55,245 - 55,245
As at 31 March 2025 3,403 76,545 1,648 81,596
Depreciation
As at 1 April 2024 1,314 8,219 635 10,168
Provided during the period 314 10,249 152 10,715
As at 31 March 2025 1,628 18,468 787 20,883
Net Book Value
As at 31 March 2025 1,775 58,077 861 60,713
As at 1 April 2024 2,089 13,081 1,013 16,183
5. Work in progress
2025 2024
£ £
Work in progress 4,215 10,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,598 2,962
Other debtors - 98
VAT 9,524 -
13,122 3,060
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,510 202
Corporation tax 13,651 29,401
Other taxes and social security 734 1,251
VAT - 8,641
Other creditors 160 -
Director's loan account 636 220
18,691 39,715
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Included in Other Creditors is an amount of £636 (2024 - £220) owed to the director, Mr M Bonner. This loan is interest free and no repayment terms have been agreed.
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