REGISTERED NUMBER: 03478255 (England and Wales)

Pinchmill Leathers Limited

Unaudited Financial Statements

for the Year Ended 30th April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

Mrs L J Hoogstraten

P A Hoogstraten

SECRETARY:

Mrs L J Hoogstraten

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

NN1 4EP

BUSINESS ADDRESS:

3 Colworth Road

Sharnbrook

Bedfordshire

MK44 1ET

REGISTERED NUMBER:

03478255 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Tangible assets

5

8,494

13,347

CURRENT ASSETS

Stocks

169,510

149,510

Debtors

6

189,136

190,537

Cash at bank

11,808

5,002

370,454

345,049

CREDITORS

Amounts falling due within one year

7

308,339

277,094

NET CURRENT ASSETS

62,115

67,955

TOTAL ASSETS LESS CURRENT LIABILITIES

70,609

81,302

CREDITORS

Amounts falling due after more than one year

8

-

10,681

NET ASSETS

70,609

70,621

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

70,607

70,619

SHAREHOLDERS' FUNDS

70,609

70,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26th November 2025 and were signed on its behalf by:

P A Hoogstraten - Director

1.	STATUTORY INFORMATION

Pinchmill Leathers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of the wholesale of hides, skins and leather.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st May 2024

and 30th April 2025

10,940

18,151

29,091

DEPRECIATION

At 1st May 2024

8,818

6,926

15,744

Charge for year

317

4,536

4,853

At 30th April 2025

9,135

11,462

20,597

NET BOOK VALUE

At 30th April 2025

1,805

6,689

8,494

At 30th April 2024

2,122

11,225

13,347

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,061

123,887

Other debtors

90,075

66,650

189,136

190,537

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

30,833

19,745

Trade creditors

177,876

138,019

Taxation and social security

55,631

81,092

Other creditors

43,999

38,238

308,339

277,094

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

-

10,681

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

20,005

9,597

Bank loans

10,828

10,148

Other loans Funding Circle

42,599

36,839

73,432

56,584

2025

2024

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

10,681

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.	CONTINGENT LIABILITIES

There were no contingent liabilities at 30th April 2025 or at 30th April 2024.

12.	CAPITAL COMMITMENTS

There were no capital commitments at 30th April 2025 or at 30th April 2024.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2025 and 30th April 2024:

2025

2024

£

£

P A Hoogstraten

Balance outstanding at start of year

66,650

63,290

Amounts advanced

-

71,060

Amounts repaid

-

(67,700

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

66,650

This loan is interest free and is repayable on demand.