Pinstructure Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01580637

Pinstructure Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2026

Pinstructure Limited

Financial Statements

Year ended 31 January 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Pinstructure Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Intangible assets	5	102,001	119,001
Tangible assets	6	320,464	303,850
Investments	7	600	600
		---------	---------
		423,065	423,451

Current assets

Stocks		2,568,379	2,048,922
Debtors	8	1,138,225	1,567,478
Cash at bank and in hand		439,907	292,886
		------------	------------
		4,146,511	3,909,286

Creditors: amounts falling due within one year	9	1,044,597		1,014,361
		------------		------------
Net current assets			3,101,914		2,894,925
			------------		------------
Total assets less current liabilities			3,524,979		3,318,376

Creditors: amounts falling due after more than one year	10		20,000		–

Provisions

Taxation including deferred tax	38,457	32,672
	------------	------------
Net assets	3,466,522	3,285,704
	------------	------------

Pinstructure Limited

Statement of Financial Position (continued)

31 January 2026

	2026		2025
Note	£	£	£	£

Capital and reserves

Called up share capital	11	20,100	20,100
Profit and loss account		3,446,422	3,265,604
		------------	------------
Shareholders funds		3,466,522	3,285,704
		------------	------------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 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 16 October 2026 , and are signed on behalf of the board by:

C L Neale M C Tracey

Director Director

Company registration number: 01580637

Pinstructure Limited

Notes to the Financial Statements

Year ended 31 January 2026

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 50, Enfield Industrial Estate, Redditch, Worcs, B97 6DE.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Tax

Current tax represents the amount of tax payable or receivable in respect of the 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

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

Intangible assets

Goodwill is initially recorded at cost. Trademark is initially recorded at cost.

Amortisation

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

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

All tangible fixed assets are initially recorded at cost.

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:

Freehold Buildings	-	2% straight line
Leasehold Property	-	2% straight line or straight line over remaining period of lease
Plant & Equipment	-	15% reducing balance or 20% straight line
Motor Vehicles	-	25% reducing balance
Office Equipment	-	15% reducing balance or 20% straight line

Investment motor vehicles

Investment motor vehicles are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss. The directors who are not professionally qualified valuers, have considered the value of similar motor vehicles to ascertain the fair value of the investment motor vehicles.

Investments

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

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 45 (2025: 47 ).

5. Intangible assets

	Goodwill	Trademark	Total
	£	£	£
Cost
At 1 Feb 2025 and 31 Jan 2026	171,000	1	171,001
	---------	----	---------
Amortisation
At 1 Feb 2025	52,000	–	52,000
Charge for the year	17,000	–	17,000
	---------	----	---------
At 31 Jan 2026	69,000	–	69,000
	---------	----	---------
Carrying amount
At 31 Jan 2026	102,000	1	102,001
	---------	----	---------
At 31 Jan 2025	119,000	1	119,001
	---------	----	---------

6. Tangible assets

	At 1 Feb 2025	Additions	Disposals	At 31 Jan 2026
	£	£	£	£
Cost or valuation
Freehold Land and Buildings	229,578	–	–	229,578
Leasehold Property	100,049	–	–	100,049
Plant & Equipment	672,892	18,097	( 69,260)	621,729
Motor Vehicles	54,098	–	–	54,098
Office Equipment	131,427	42,247	( 1,249)	172,425
Investment Motor Vehicles	8,000	–	–	8,000
	------------	--------	--------	------------
	1,196,044	60,344	( 70,509)	1,185,879
	------------	--------	--------	------------

	At 1 Feb 2025	Charge for the year	Disposals	At 31 Jan 2026
	£	£	£	£
Depreciation
Freehold Land and Buildings	114,933	3,591	–	118,524
Leasehold Property	65,124	1,128	–	66,252
Plant & Equipment	584,444	14,942	( 62,328)	537,058
Motor Vehicles	36,451	4,412	–	40,863
Office Equipment	91,242	12,301	( 825)	102,718
	------------	--------	--------	---------
	892,194	36,374	( 63,153)	865,415
	------------	--------	--------	---------

	At 31 Jan 2026	At 31 Jan 2025
	£	£
Carrying amount
Freehold Land and Buildings	111,054	114,645
Leasehold Property	33,797	34,925
Plant & Equipment	84,671	88,448
Motor Vehicles	13,235	17,647
Office Equipment	69,707	40,185
Investment Motor Vehicles	8,000	8,000
	---------	---------
	320,464	303,850
	---------	---------

Investment motor vehicles have been valued at the balance sheet date by the directors.

7. Investments

	Unquoted Investments
	£
Cost/Valuation
At 1 Feb 2025 and 31 Jan 2026	600
	----
Impairment
At 1 Feb 2025 and 31 Jan 2026	–
	----

Carrying amount
At 31 Jan 2026	600
	----
At 31 Jan 2025	600
	----

8. Debtors

	2026	2025
	£	£
Trade debtors	1,081,502	1,100,073
Other debtors	56,723	467,405
	------------	------------
	1,138,225	1,567,478
	------------	------------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	198,628	245,679
Social security and other taxes	338,536	280,840
Other creditors	507,433	487,842
	------------	------------
	1,044,597	1,014,361
	------------	------------

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

	2026	2025
	£	£
Other creditors	20,000	–
	--------	----

11. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	20,100	20,100	20,100	20,100
	--------	--------	--------	--------

12. Other financial commitments

Total commitments under operating leases at the year-end totalled £ 170,994 (2025 - £ 172,172 ).

13. Directors' advances, credits and guarantees

In relation to the loan to a director, the balance at the start of the year was £ 400,000 and repayments in the year totalled £ 400,000 . The balance at the end of the year was £Nil. This advance was made interest free.