Pineapple Joes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03157021

Pineapple Joes Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Pineapple Joes Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	70,443	83,397
Investments	6	6,000	–
		--------	--------
		76,443	83,397

Current assets

Stocks		11,250	11,000
Debtors	7	468,233	428,197
Cash at bank and in hand		44,269	57,278
		----------	----------
		523,752	496,475

Creditors: amounts falling due within one year	8	137,046		98,082
		----------		----------
Net current assets			386,706		398,393
			----------		----------
Total assets less current liabilities			463,149		481,790

Creditors: amounts falling due after more than one year	9		1,774		12,236

Provisions

Taxation including deferred tax	17,611	20,778
	----------	----------
Net assets	443,764	448,776
	----------	----------

Capital and reserves

Called up share capital	2	2
Profit and loss account	443,762	448,774
	----------	----------
Shareholders funds	443,764	448,776
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

Pineapple Joes Limited

Statement of Financial Position (continued)

31 March 2025

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 October 2025 , and are signed on behalf of the board by:

D F E Thompson
Director

Company registration number: 03157021

Pineapple Joes Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7A, Bessingby Industrial Estate, Bridlington, East Yorkshire, YO16 4SJ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has in recent years been impacted by rising inflation, interest rates and energy costs, exacerbated by the ongoing war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

(d) Current & deferred 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 be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounting purposes and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may crystallise.

(e) 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 the transaction. Exchange differences are taken into account in arriving at the operating profit.

(f) Tangible assets

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

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Computer equipment	-	33% straight line

(h) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

(i) Stocks

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

(j) 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.

(k) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(l) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	217,560	40,216	24,800	282,576
	----------	--------	--------	----------
Depreciation
At 1 April 2024	157,767	19,836	21,576	199,179
Charge for the year	8,972	2,907	1,075	12,954
	----------	--------	--------	----------
At 31 March 2025	166,739	22,743	22,651	212,133
	----------	--------	--------	----------
Carrying amount
At 31 March 2025	50,821	17,473	2,149	70,443
	----------	--------	--------	----------
At 31 March 2024	59,793	20,380	3,224	83,397
	----------	--------	--------	----------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	–
Additions	6,000
	-------
At 31 March 2025	6,000
	-------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------

Carrying amount
At 31 March 2025	6,000
	-------
At 31 March 2024	–
	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	51,434	15,325
Other debtors	416,799	412,872
	----------	----------
	468,233	428,197
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,462	10,204
Trade creditors	51,499	31,863
Accruals and deferred income	26,494	15,459
Corporation tax	1,961	5,066
Social security and other taxes	26,579	16,985
Directors loan accounts	20,051	18,505
	----------	--------
	137,046	98,082
	----------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,774	12,236
	-------	--------

10. Related party transactions

During the year the directors made loans to the company which are repayable on demand . As at 31 March 2025 the total balance owed to the directors was £ 20,051 (2024 £ 18,505 ).