Registered number
10833168
Pickard Holdings Limited
Report and Accounts
31 January 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Tel 0871 222 1920 Fax 0871 222 1921
Email info@accountancy4growth.co.uk
Pickard Holdings Limited
Registered number: 10833168
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,573 5,456
Investments 4 201 201
6,774 5,657
Current assets
Cash at bank and in hand 24,093 32,452
Creditors: amounts falling due within one year 5 (12,187) (15,639)
Net current assets 11,906 16,813
Total assets less current liabilities 18,680 22,470
Provisions for liabilities (1,249) (1,037)
Net assets 17,431 21,433
Capital and reserves
Called up share capital 201 201
Profit and loss account 17,230 21,232
Shareholders' funds 17,431 21,433
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S P Pickard
Director
Approved by the board on 8 April 2024
Pickard Holdings Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 1,871 11,500 13,371
Additions 720 2,500 3,220
At 31 January 2024 2,591 14,000 16,591
Depreciation
At 1 February 2023 1,258 6,657 7,915
Charge for the year 267 1,836 2,103
At 31 January 2024 1,525 8,493 10,018
Net book value
At 31 January 2024 1,066 5,507 6,573
At 31 January 2023 613 4,843 5,456
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2023 201
At 31 January 2024 201
The company holds 100% of the share capital of Dales Of Cannock Limited, a company incorporated in the UK.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,276 5,410
Corporation tax 725 57
Other creditors 7,186 10,172
12,187 15,639
6 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
7 Controlling party
The company is controlled by its director and family
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