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REGISTERED NUMBER: 11661908 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SMART PICKLE LTD

SMART PICKLE LTD (REGISTERED NUMBER: 11661908)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SMART PICKLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A Oversby-Powell





REGISTERED OFFICE: Unit 5 Motorway Industrial Estate
Forstal Road
Aylesford
Kent
ME20 7AF





REGISTERED NUMBER: 11661908 (England and Wales)





ACCOUNTANTS: SHPD Accountants
10 Littlebourne Road
Maidstone
Kent
ME14 5QP

SMART PICKLE LTD (REGISTERED NUMBER: 11661908)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,087 41,603

CURRENT ASSETS
Debtors 5 177,523 130,054
Cash at bank - 2,283
177,523 132,337
CREDITORS
Amounts falling due within one year 6 59,653 41,268
NET CURRENT ASSETS 117,870 91,069
TOTAL ASSETS LESS CURRENT LIABILITIES 119,957 132,672

CREDITORS
Amounts falling due after more than one year 7 (30,098 ) (42,857 )

PROVISIONS FOR LIABILITIES (522 ) (491 )
NET ASSETS 89,337 89,324

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 89,336 89,323
89,337 89,324

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





A Oversby-Powell - Director


SMART PICKLE LTD (REGISTERED NUMBER: 11661908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Smart Pickle 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
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 cost and 20% on cost

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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SMART PICKLE LTD (REGISTERED NUMBER: 11661908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 46,583
Additions 308
Disposals (38,500 )
At 30 November 2023 8,391
DEPRECIATION
At 1 December 2022 4,980
Charge for year 1,324
At 30 November 2023 6,304
NET BOOK VALUE
At 30 November 2023 2,087
At 30 November 2022 41,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,063 8,700
Amounts owed by group undertakings 154,220 111,514
Other debtors 20,240 9,840
177,523 130,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,480 5,910
Hire purchase contracts 6,700 6,700
Trade creditors - 380
Amounts owed to group undertakings 2,833 -
Taxation and social security 28,055 27,478
Other creditors 8,585 800
59,653 41,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,908 15,967
Hire purchase contracts 20,190 26,890
30,098 42,857

SMART PICKLE LTD (REGISTERED NUMBER: 11661908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
A Oversby-Powell
Balance outstanding at start of year - -
Amounts advanced 2,400 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,400 -

As at the balance sheet date, a balance of £2,400 was owed to the company. This balance was repaid after the year-end.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £78,720 (2022 - £70,902) were paid to the director .

501 Entertainment Ltd

A company partly owned but not controlled by Smart Pickle Ltd's controlling party.

During the year consultancy fees of £134,594 were charged by the company to 501 Entertainment Ltd.

As at the balance sheet date, a balance of £2,833 was owed by the company to 501 Entertainment Ltd (2022 - £6,021 owed to the company).


OP Automotive LLP

A limited liability partnership under common control

During the year consultancy fees of £8,000 were charged by the company to OP Automotive LLP.

As at the balance sheet date, a balance of £146,920 (2022 - £104,493) was owed to the company by OP Automotive LLP.


Kent Coachworks Ltd

A company under common control

As at the balance sheet date, a balance of £7,300 (2022 - £1,000) was owed to the company by Kent Coachworks Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A Oversby-Powell.