Company registration number 03710644 (England and Wales)
Pickwick Pine Furniture Co Limited
Unaudited financial statements
For the year ended 31 March 2025
Pickwick Pine Furniture Co Limited
Company information
Director
Mr S A Hawkes
Company number
03710644
Registered office
5-7 Jesus Lane
Cambridge
CB5 8BA
Accountants
DJH Halesowen Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT
Pickwick Pine Furniture Co Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
Pickwick Pine Furniture Co Limited
Statement of financial position
As at 31 March 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,461
8,100
Current assets
Stocks
332,674
406,104
Debtors
4
228,691
79,956
Cash at bank and in hand
93,745
68,607
655,110
554,667
Creditors: amounts falling due within one year
5
(587,681)
(482,152)
Net current assets
67,429
72,515
Total assets less current liabilities
73,890
80,615
Creditors: amounts falling due after more than one year
6
(2,651)
(13,091)
Net assets
71,239
67,524
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
71,139
67,424
Total equity
71,239
67,524
Pickwick Pine Furniture Co Limited
Statement of financial position (continued)
As at 31 March 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 30 January 2026
Mr S A Hawkes
Director
Company registration number 03710644 (England and Wales)
Pickwick Pine Furniture Co Limited
Statement of changes in equity
For the year ended 31 March 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
100
156,868
156,968
Year ended 31 March 2024:
Loss and total comprehensive income
-
(89,444)
(89,444)
Balance at 31 March 2024
100
67,424
67,524
Year ended 31 March 2025:
Profit and total comprehensive income
-
3,715
3,715
Balance at 31 March 2025
100
71,139
71,239
Pickwick Pine Furniture Co Limited
Notes to the financial statements
For the year ended 31 March 2025
- 4 -
1
Accounting policies
Company information

Pickwick Pine Furniture Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5-7 Jesus Lane, Cambridge, CB5 8BA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Pickwick Pine Furniture Co Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Pickwick Pine Furniture Co Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 6 -
1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
4
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
13,036
7,879
10,284
9,216
52,042
92,457
Additions
-
0
-
0
-
0
416
-
0
416
At 31 March 2025
13,036
7,879
10,284
9,632
52,042
92,873
Depreciation and impairment
At 1 April 2024
13,036
7,136
10,013
7,722
46,450
84,357
Depreciation charged in the year
-
0
112
68
477
1,398
2,055
At 31 March 2025
13,036
7,248
10,081
8,199
47,848
86,412
Carrying amount
At 31 March 2025
-
0
631
203
1,433
4,194
6,461
At 31 March 2024
-
0
743
271
1,494
5,592
8,100
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
110,972
-
0
Other debtors
117,719
79,956
228,691
79,956
Pickwick Pine Furniture Co Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,440
10,183
Trade creditors
197,071
255,561
Corporation tax
23,706
23,706
Other taxation and social security
5,981
2,187
Other creditors
350,483
190,515
587,681
482,152
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,651
13,091
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