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Company Registration No. 09143404 (England and Wales)
Pictoff Limited Unaudited accounts for the year ended 31 July 2023
Pictoff Limited Unaudited accounts Contents
Page
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Pictoff Limited Company Information for the year ended 31 July 2023
Director
Oliver Kightley
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
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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
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Pictoff Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,198 
72,442 
Investment property
86,250 
86,250 
151,448 
158,692 
Current assets
Debtors
235 
6,354 
Cash at bank and in hand
460,713 
498,370 
460,948 
504,724 
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 
Capital and reserves
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
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Pictoff Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
10 years
Investment property
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.
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Pictoff Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2022
74,940 
At 31 July 2023
74,940 
Depreciation
At 1 August 2022
2,498 
Charge for the year
7,244 
At 31 July 2023
9,742 
Net book value
At 31 July 2023
65,198 
At 31 July 2022
72,442 
5
Investment property
2023 
£ 
Fair value at 1 August 2022
86,250 
At 31 July 2023
86,250 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
235 
1,538 
Amounts due from group undertakings etc.
- 
4,816 
235 
6,354 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
36,626 
Loans from directors
35 
34 
35 
36,660 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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