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REGISTERED NUMBER: 07453376 (England and Wales)











REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

O PICADO LTD

O PICADO LTD (REGISTERED NUMBER: 07453376)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Report of the Director 2

Statement of Financial Position 3

Notes to the Financial Statements 4


O PICADO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: Mrs F N C Rodrigues





REGISTERED OFFICE: 1349/1353 London Road
Leigh-on-Sea
Essex
SS9 2AB





REGISTERED NUMBER: 07453376 (England and Wales)





ACCOUNTANTS: CKS Accountancy Limited
1349/1353 London Road
Leigh-on-Sea
Essex
SS9 2AB

O PICADO LTD (REGISTERED NUMBER: 07453376)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 28TH FEBRUARY 2023


The director presents her report with the financial statements of the company for the year ended 28th February 2023.

REVIEW OF BUSINESS
Following a major fire on 22 December 2022, which destroyed the trading premises occupied by the Company, the Company ceased to trade. The matter is now in the hands of the Company's insurers. It is not when the Company will recommence to trade.

DIRECTOR
Mrs F N C Rodrigues held office during the whole of the period from 1st March 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs F N C Rodrigues - Director


5th February 2024

O PICADO LTD (REGISTERED NUMBER: 07453376)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,319 1,639

CURRENT ASSETS
Inventories 3,000 3,000
Debtors 5 1,083 1,083
Cash at bank and in hand 155 6,931
4,238 11,014
CREDITORS
Amounts falling due within one year 6 (60,766 ) (60,572 )
NET CURRENT LIABILITIES (56,528 ) (49,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,209

)

(47,919

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (55,309 ) (48,019 )
SHAREHOLDERS' FUNDS (55,209 ) (47,919 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th February 2024 and were signed by:




Mrs F N C Rodrigues - Director


O PICADO LTD (REGISTERED NUMBER: 07453376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

O Picado Ltd 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
Revenue 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.
Fixtures and fittings - 10% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

O PICADO LTD (REGISTERED NUMBER: 07453376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st March 2022
and 28th February 2023 3,169 6,050 9,219
DEPRECIATION
At 1st March 2022 3,152 4,428 7,580
Charge for year 17 303 320
At 28th February 2023 3,169 4,731 7,900
NET BOOK VALUE
At 28th February 2023 - 1,319 1,319
At 28th February 2022 17 1,622 1,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 1,083 1,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,189 29,962
Trade creditors 16,447 13,480
Tax 4,048 4,048
Social security and other taxes 798 798
VAT 2,995 2,995
Directors' loan accounts 619 619
Accrued expenses 8,670 8,670
60,766 60,572

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

O PICADO LTD (REGISTERED NUMBER: 07453376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


8. RESERVES
Retained
earnings
£   

At 1st March 2022 (48,019 )
Deficit for the year (7,290 )
At 28th February 2023 (55,309 )