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REGISTERED NUMBER: 05936560 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Pinball Heaven Limited

Pinball Heaven Limited (Registered number: 05936560)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pinball Heaven Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P M Palmer





REGISTERED OFFICE: 2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW





REGISTERED NUMBER: 05936560 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Pinball Heaven Limited (Registered number: 05936560)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 173,164 79,581
173,164 79,581

CURRENT ASSETS
Stocks 562,500 735,250
Debtors 6 642,632 524,203
Cash at bank and in hand 2 64,448
1,205,134 1,323,901
CREDITORS
Amounts falling due within one year 7 738,037 979,849
NET CURRENT ASSETS 467,097 344,052
TOTAL ASSETS LESS CURRENT LIABILITIES 640,261 423,633

CREDITORS
Amounts falling due after more than one year 8 106,727 46,213
NET ASSETS 533,534 377,420

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 533,432 377,318
SHAREHOLDERS' FUNDS 533,534 377,420

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

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

The director acknowledges his 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 director and authorised for issue on 28 August 2025 and were signed by:





P M Palmer - Director


Pinball Heaven Limited (Registered number: 05936560)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Pinball Heaven 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Freehold Property - 2% on cost
Plant & machinery - 25% reducing balance
Fixtures & Fittings - 25% reducing balance

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2023 - 4 ) .

Pinball Heaven Limited (Registered number: 05936560)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 32,425
AMORTISATION
At 1 November 2023
and 31 October 2024 32,425
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 - 113,655 1,762 52,494 167,911
Additions 117,681 - - - 117,681
At 31 October 2024 117,681 113,655 1,762 52,494 285,592
DEPRECIATION
At 1 November 2023 - 34,074 1,762 52,494 88,330
Charge for year 1,383 22,715 - - 24,098
At 31 October 2024 1,383 56,789 1,762 52,494 112,428
NET BOOK VALUE
At 31 October 2024 116,298 56,866 - - 173,164
At 31 October 2023 - 79,581 - - 79,581

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 91,042 76,179
Other debtors 551,590 448,024
642,632 524,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 57,483 11,235
Hire purchase contracts 5,903 5,903
Trade creditors 19,253 14,200
Taxation and social security 95,376 37,711
Other creditors 560,022 910,800
738,037 979,849

Pinball Heaven Limited (Registered number: 05936560)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 78,433 12,016
Hire purchase contracts 28,294 34,197
106,727 46,213

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 52,721 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Palmer.