Registration number: 04131479

Pendle Woodcraft (Blackburn) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Pendle Woodcraft (Blackburn) Limited

(Registration number: 04131479)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	24,233	30,488
Current assets
Stocks	6	24,662	26,370
Debtors	7	142,077	157,331
Cash at bank and in hand		23	23
		166,762	183,724
Creditors: Amounts falling due within one year	8	(123,879)	(128,714)
Net current assets		42,883	55,010
Total assets less current liabilities		67,116	85,498
Creditors: Amounts falling due after more than one year	8	(25,496)	(31,768)
Provisions for liabilities		(5,855)	(7,373)
Net assets		35,765	46,357
Capital and reserves
Called up share capital		2	2
Retained earnings		35,763	46,355
Shareholders' funds		35,765	46,357

Pendle Woodcraft (Blackburn) Limited

(Registration number: 04131479)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 September 2025
 

......................................... Mr DJ Bancroft Director

Pendle Woodcraft (Blackburn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
48 Apple Tree Cottage
Fox Lane
Hoghton
Nr Preston
Lancashire
PR5 0JQ
United Kingdom

These financial statements were authorised for issue by the director on 1 September 2025.

2	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

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In the opinion of the directors there are no critical accounting judgements.

Revenue recognition

Turnover is recognised as goods and services are delivered.

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Pendle Woodcraft (Blackburn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Asset class	Depreciation method and rate
Plant and machinery	10% straight line
Fixtures and fittings	20% straight line

Intangible assets

Intangible asses are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	100% straight line

stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchse, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Borrowings

Pendle Woodcraft (Blackburn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to sette the obligation. Any adjutments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Leases

Lease payments are recognised as an expense over the lease term on a straight-line bases. The aggregate benefit of lease incentives is recognised as a reduction to expebses over the lease term on a straight-line basis.

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

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.

Pendle Woodcraft (Blackburn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments

Recognition and measurement
A financial asset is recognisd only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

Pendle Woodcraft (Blackburn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	1,500	1,500
At 31 December 2024	1,500	1,500
Amortisation
At 1 January 2024	1,500	1,500
At 31 December 2024	1,500	1,500
Carrying amount
At 31 December 2024	-	-

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	29,696	262,974	292,670
At 31 December 2024	29,696	262,974	292,670
Depreciation
At 1 January 2024	29,099	233,083	262,182
Charge for the year	597	5,658	6,255
At 31 December 2024	29,696	238,741	268,437
Carrying amount
At 31 December 2024	-	24,233	24,233
At 31 December 2023	597	29,891	30,488

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

6

Stocks

	2024 £	2023 £
Other inventories	24,662	26,370

Pendle Woodcraft (Blackburn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current	2024 £	2023 £
Trade debtors	38,755	48,959
Prepayments	-	750
Other debtors	103,322	107,622
	142,077	157,331

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		17,066	21,928
Trade creditors		21,518	17,099
Taxation and social security		4,613	8,294
Accruals and deferred income		3,129	4,596
Other creditors		77,553	76,797
		123,879	128,714

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £48,409 (2023 - £51,849)

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		25,496	31,768

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £25,496 (2023 - £31,768).

Pendle Woodcraft (Blackburn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Related party transactions

Summary of transactions with parent

During the year, the company paid £6,000 (2020: £6,000) to it's parent company Deejaybee Limited.

Included within Other Debtors is an amount due from DeejayBee Limited if £103,322 (2023: £107,622). No interest is charged on this balance and there are no set repayment dates.

10	Parent and ultimate parent undertaking

The company's immediate parent is Deejaybee Limited, incorporated in England and Wales.