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REGISTERED NUMBER: 05242723 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Pilot Design & Advertising Limited

Pilot Design & Advertising Limited (Registered number: 05242723)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pilot Design & Advertising Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: M S FitzGibbon





SECRETARY: M S FitzGibbon





REGISTERED OFFICE: 5 Curbey Close
West Chiltington
Pulborough
West Sussex
RH20 2HU





REGISTERED NUMBER: 05242723 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

Pilot Design & Advertising Limited (Registered number: 05242723)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186 372

CURRENT ASSETS
Stocks - 400
Debtors 5 4,608 10,857
Cash at bank 4,985 5,604
9,593 16,861
CREDITORS
Amounts falling due within one year 6 5,101 9,667
NET CURRENT ASSETS 4,492 7,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,678

7,566

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,578 7,466
SHAREHOLDERS' FUNDS 4,678 7,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





M S FitzGibbon - Director


Pilot Design & Advertising Limited (Registered number: 05242723)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Pilot Design & Advertising Limited 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.

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 - 25% on reducing balance and straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2022 - 2 ) .

Pilot Design & Advertising Limited (Registered number: 05242723)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 2,308
DEPRECIATION
At 1 October 2022 1,936
Charge for year 186
At 30 September 2023 2,122
NET BOOK VALUE
At 30 September 2023 186
At 30 September 2022 372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 4,608 10,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Corporation tax 321 725
VAT 3,349 3,940
Directors' current accounts 61 3,617
Accrued expenses 1,370 1,385
5,101 9,667