PININGTON LIMITED


Directors	Mr T Pinington
	Mr N Pinington
	Mr J Hackett
	Mr L Sutcliffe
	Mr P Waters


Registered Address	Aldrens Lane
	Skerton
	Lancaster
	LA1 2DE


Registered Number	01503477 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		516,268		545,707
			516,268		545,707
Current assets
Stocks	6	1,183,103		780,888
Debtors		941,846		43,497
Cash at bank and on hand		1,767,172		2,539,944
		3,892,121		3,364,329
Creditors amounts falling due within one year	7	(3,212,189)		(2,761,349)
Net current assets (liabilities)			679,932		602,980
Total assets less current liabilities			1,196,200		1,148,687
Creditors amounts falling due after one year	8		(71,449)		(82,962)
Provisions for liabilities	10		(48,041)		(49,427)
Net assets			1,076,710		1,016,298
Capital and reserves
Called up share capital			40,132		40,132
Share premium			5,016		5,016
Revaluation reserve			302,403		302,403
Profit and loss account			729,159		668,747
Shareholders' funds	11		1,076,710		1,016,298

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 April 2026, and are signed on its behalf by:

Mr T Pinington
Director
Registered Company No. 01503477

PININGTON LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company and rounded to the nearest £1.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	15	-
Fixtures and fittings	25	-
Vehicles	25	-
Office Equipment	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	25		23

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 25	433,654	18,785	268,993	8,459	107,997	837,888
Additions	-	491	45,350	-	705	46,546
Disposals	-	-	(20,280)	-	(9,568)	(29,848)
At 31 December 25	433,654	19,276	294,063	8,459	99,134	854,586
Depreciation and impairment
At 01 January 25	109,673	13,203	90,832	6,693	71,780	292,181
Charge for year	8,673	901	47,253	441	9,111	66,379
On disposals	-	-	(11,631)	-	(8,611)	(20,242)
At 31 December 25	118,346	14,104	126,454	7,134	72,280	338,318
Net book value
At 31 December 25	315,308	5,172	167,609	1,325	26,854	516,268
At 31 December 24	323,981	5,582	178,161	1,766	36,217	545,707

5.	Revaluation of property, plant and equipment
	Freehold land and buildings were valued on an open market basis in June 2021 by HWM Surveyors

6.	Stocks

	2025	2024
	£	£
Raw materials and consumables	10,000	10,000
Work in progress	1,173,103	770,888
Total	1,183,103	780,888

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	80,567	120,910
Taxation and social security	561,059	347,384
Finance lease and HP contracts	12,743	12,743
Other creditors	2,545,419	2,270,983
Accrued liabilities and deferred income	12,401	9,329
Total	3,212,189	2,761,349


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	71,449	82,962
Total	71,449	82,962

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	84,193		95,706

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	48,041	49,427
Total	48,041	49,427

11.	Revaluation reserve


		£
	Reserve at 01 January 25	302,403
	At 31 December 25	302,403