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REGISTERED NUMBER: 11172135 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

PICCADILLY COLLECTIONS LTD

PICCADILLY COLLECTIONS LTD (REGISTERED NUMBER: 11172135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PICCADILLY COLLECTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: C Figg





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 11172135 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

PICCADILLY COLLECTIONS LTD (REGISTERED NUMBER: 11172135)

BALANCE SHEET
31 JANUARY 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,834 9,330
Tangible assets 5 2,424 2,117
10,258 11,447

CURRENT ASSETS
Debtors 6 3,177 10,363
Cash at bank 27,543 49,424
30,720 59,787
CREDITORS
Amounts falling due within one year 7 19,881 44,786
NET CURRENT ASSETS 10,839 15,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,097

26,448

CREDITORS
Amounts falling due after more than one
year

8

19,384

25,000
NET ASSETS 1,713 1,448

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 1,693 1,428
1,713 1,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PICCADILLY COLLECTIONS LTD (REGISTERED NUMBER: 11172135)

BALANCE SHEET - continued
31 JANUARY 2022


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 director and authorised for issue on 2 September 2022 and were signed by:





C Figg - Director


PICCADILLY COLLECTIONS LTD (REGISTERED NUMBER: 11172135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Piccadilly Collections Ltd 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.

2. ACCOUNTING POLICIES

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

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

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 etc - 33.33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

PICCADILLY COLLECTIONS LTD (REGISTERED NUMBER: 11172135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2021 23,463
Additions 8,356
At 31 January 2022 31,819
AMORTISATION
At 1 February 2021 14,133
Charge for year 9,852
At 31 January 2022 23,985
NET BOOK VALUE
At 31 January 2022 7,834
At 31 January 2021 9,330

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021 3,176
Additions 2,048
At 31 January 2022 5,224
DEPRECIATION
At 1 February 2021 1,059
Charge for year 1,741
At 31 January 2022 2,800
NET BOOK VALUE
At 31 January 2022 2,424
At 31 January 2021 2,117

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors - 358
Other debtors 3,177 10,005
3,177 10,363

PICCADILLY COLLECTIONS LTD (REGISTERED NUMBER: 11172135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade creditors 267 26,285
Taxation and social security 3,741 6,001
Other creditors 15,873 12,500
19,881 44,786

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Other creditors 19,384 25,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 5,944 -