2022-06-012023-05-312023-05-31false11358944PICKLES&CO LTD2024-02-01iso4217:GBPxbrli:pure113589442022-06-01113589442023-05-31113589442022-06-012023-05-31113589442021-06-01113589442022-05-31113589442021-06-012022-05-3111358944bus:SmallEntities2022-06-012023-05-3111358944bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3111358944bus:FullAccounts2022-06-012023-05-3111358944bus:PrivateLimitedCompanyLtd2022-06-012023-05-3111358944core:WithinOneYear2023-05-3111358944core:AfterOneYear2023-05-3111358944core:WithinOneYear2022-05-3111358944core:AfterOneYear2022-05-3111358944core:ShareCapital2023-05-3111358944core:SharePremium2023-05-3111358944core:RevaluationReserve2023-05-3111358944core:OtherReservesSubtotal2023-05-3111358944core:RetainedEarningsAccumulatedLosses2023-05-3111358944core:ShareCapital2022-05-3111358944core:SharePremium2022-05-3111358944core:RevaluationReserve2022-05-3111358944core:OtherReservesSubtotal2022-05-3111358944core:RetainedEarningsAccumulatedLosses2022-05-3111358944core:LandBuildings2023-05-3111358944core:PlantMachinery2023-05-3111358944core:Vehicles2023-05-3111358944core:FurnitureFittings2023-05-3111358944core:OfficeEquipment2023-05-3111358944core:NetGoodwill2023-05-3111358944core:IntangibleAssetsOtherThanGoodwill2023-05-3111358944core:ListedExchangeTraded2023-05-3111358944core:UnlistedNon-exchangeTraded2023-05-3111358944core:LandBuildings2022-05-3111358944core:PlantMachinery2022-05-3111358944core:Vehicles2022-05-3111358944core:FurnitureFittings2022-05-3111358944core:OfficeEquipment2022-05-3111358944core:NetGoodwill2022-05-3111358944core:IntangibleAssetsOtherThanGoodwill2022-05-3111358944core:ListedExchangeTraded2022-05-3111358944core:UnlistedNon-exchangeTraded2022-05-3111358944core:LandBuildings2022-06-012023-05-3111358944core:PlantMachinery2022-06-012023-05-3111358944core:Vehicles2022-06-012023-05-3111358944core:FurnitureFittings2022-06-012023-05-3111358944core:OfficeEquipment2022-06-012023-05-3111358944core:NetGoodwill2022-06-012023-05-3111358944core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3111358944core:ListedExchangeTraded2022-06-012023-05-3111358944core:UnlistedNon-exchangeTraded2022-06-012023-05-3111358944core:MoreThanFiveYears2022-06-012023-05-3111358944core:Non-currentFinancialInstruments2023-05-3111358944core:Non-currentFinancialInstruments2022-05-3111358944dpl:CostSales2022-06-012023-05-3111358944dpl:DistributionCosts2022-06-012023-05-3111358944core:LandBuildings2022-06-012023-05-3111358944core:PlantMachinery2022-06-012023-05-3111358944core:Vehicles2022-06-012023-05-3111358944core:FurnitureFittings2022-06-012023-05-3111358944core:OfficeEquipment2022-06-012023-05-3111358944dpl:AdministrativeExpenses2022-06-012023-05-3111358944core:NetGoodwill2022-06-012023-05-3111358944core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3111358944dpl:GroupUndertakings2022-06-012023-05-3111358944dpl:ParticipatingInterests2022-06-012023-05-3111358944dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3111358944core:ListedExchangeTraded2022-06-012023-05-3111358944dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3111358944core:UnlistedNon-exchangeTraded2022-06-012023-05-3111358944dpl:CostSales2021-06-012022-05-3111358944dpl:DistributionCosts2021-06-012022-05-3111358944core:LandBuildings2021-06-012022-05-3111358944core:PlantMachinery2021-06-012022-05-3111358944core:Vehicles2021-06-012022-05-3111358944core:FurnitureFittings2021-06-012022-05-3111358944core:OfficeEquipment2021-06-012022-05-3111358944dpl:AdministrativeExpenses2021-06-012022-05-3111358944core:NetGoodwill2021-06-012022-05-3111358944core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3111358944dpl:GroupUndertakings2021-06-012022-05-3111358944dpl:ParticipatingInterests2021-06-012022-05-3111358944dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3111358944core:ListedExchangeTraded2021-06-012022-05-3111358944dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3111358944core:UnlistedNon-exchangeTraded2021-06-012022-05-3111358944core:NetGoodwill2023-05-3111358944core:IntangibleAssetsOtherThanGoodwill2023-05-3111358944core:LandBuildings2023-05-3111358944core:PlantMachinery2023-05-3111358944core:Vehicles2023-05-3111358944core:FurnitureFittings2023-05-3111358944core:OfficeEquipment2023-05-3111358944core:AfterOneYear2023-05-3111358944core:WithinOneYear2023-05-3111358944core:ListedExchangeTraded2023-05-3111358944core:UnlistedNon-exchangeTraded2023-05-3111358944core:ShareCapital2023-05-3111358944core:SharePremium2023-05-3111358944core:RevaluationReserve2023-05-3111358944core:OtherReservesSubtotal2023-05-3111358944core:RetainedEarningsAccumulatedLosses2023-05-3111358944core:NetGoodwill2022-05-3111358944core:IntangibleAssetsOtherThanGoodwill2022-05-3111358944core:LandBuildings2022-05-3111358944core:PlantMachinery2022-05-3111358944core:Vehicles2022-05-3111358944core:FurnitureFittings2022-05-3111358944core:OfficeEquipment2022-05-3111358944core:AfterOneYear2022-05-3111358944core:WithinOneYear2022-05-3111358944core:ListedExchange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PICKLES&CO LTD

Registered Number
11358944
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

PICKLES&CO LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

WHITE, Richard

Registered Address

126 New Kings Road
London
SW6 4LZ

Registered Number

11358944 (England and Wales)
PICKLES&CO LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6612,4584,388
612,4584,388
Current assets
Stocks828,185-
Debtors926,0501,561
Cash at bank and on hand96,4501,381
150,6852,942
Creditors amounts falling due within one year10(153,045)(10,621)
Net current assets (liabilities)(2,360)(7,679)
Total assets less current liabilities610,098(3,291)
Net assets610,098(3,291)
Capital and reserves
Called up share capital1411
Share premium996,80355,239
Other reserves440,893-
Profit and loss account(827,612)(58,541)
Shareholders' funds610,098(3,291)
The financial statements were approved and authorised for issue by the Director on 1 February 2024, and are signed on its behalf by:
WHITE, Richard
Director
Registered Company No. 11358944
PICKLES&CO LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.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.
2.Compliance with applicable reporting framework
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.
3.Principal activities
The Company's principal activity is the development and operation of a portfolio of veterinary practices focused on high quality care supported by a mix technology (for prompt & accurate diagnosis, information sharing, or for supporting functions) and personal interaction.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the rendering of veterinary services is recognised on a cash basis given the short time between delivery and payment. Turnover from membership subscriptions is apportioned on a calendar basis. Turnover from the sale of goods is recognised when the goods have been delivered to the buyer.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company will be able to continue to meet its financial obligations for a period of at least 12 months from the date of this report. In deciding that this basis was appropriate, the director considered its cash flow forecasts and the likelihood of securing new investment if and as required.
5.Employee information

20232022
Average number of employees during the year140
6.Property, plant and equipment

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 June 223,7501,1474,897
Additions668,4724,150672,622
At 31 May 23672,2225,297677,519
Depreciation and impairment
At 01 June 22-509509
Charge for year62,5601,99264,552
At 31 May 2362,5602,50165,061
Net book value
At 31 May 23609,6622,796612,458
At 31 May 223,7506384,388
7.Further information regarding the company's financial position
Reported as Other Reserves, the Company has raised investment by of an Advanced Subscription Agreement. This investment has not led to the issue of shares but will once the conversion conditions are met. The advanced subscription is not repayable.
8.Stocks

2023

2022

££
Other stocks28,185-
Total28,185-
9.Debtors

2023

2022

££
Other debtors-1,561
Prepayments and accrued income26,050-
Total26,0501,561
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables34,9734,450
Taxation and social security78,441-
Other creditors13,5824,921
Accrued liabilities and deferred income26,0491,250
Total153,04510,621
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.