Company Registration No. 09143404 (England and Wales)
Pictoff Limited
Unaudited accounts
for the year ended 31 July 2023
Pictoff Limited
Unaudited accounts
Contents
Pictoff Limited
Company Information
for the year ended 31 July 2023
Secretary
Heather Kightley
Company Number
09143404 (England and Wales)
Registered Office
12 Fore Street
Chudleigh
Newton Abbot
TQ13 0HX
Accountants
Root2growth Ltd
12 Fore Street
Chudleigh
Devon
TQ13 0HX
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pictoff Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Pictoff Limited for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Root2growth Ltd
Chartered Accountants
12 Fore Street
Chudleigh
Devon
TQ13 0HX
5 October 2023
Pictoff Limited
Statement of financial position
as at 31 July 2023
Tangible assets
65,198
72,442
Investment property
86,250
86,250
Cash at bank and in hand
460,713
498,370
Creditors: amounts falling due within one year
(35)
(36,660)
Net current assets
460,913
468,064
Total assets less current liabilities
612,361
626,756
Provisions for liabilities
Deferred tax
(9,847)
(13,764)
Net assets
602,514
612,992
Called up share capital
60
60
Capital redemption reserve
40
40
Profit and loss account
602,414
612,892
Shareholders' funds
602,514
612,992
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Oliver Kightley
Director
Company Registration No. 09143404
Pictoff Limited
Notes to the Accounts
for the year ended 31 July 2023
Pictoff Limited is a private company, limited by shares, registered in England and Wales, registration number 09143404. The registered office is 12 Fore Street, Chudleigh, Newton Abbot, TQ13 0HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Pictoff Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles
Fair value at 1 August 2022
86,250
Amounts falling due within one year
Amounts due from group undertakings etc.
-
4,816
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
36,626
Loans from directors
35
34
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).