PICK ME LTD

Company Registration Number:
12298740 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

PICK ME LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

PICK ME LTD

Company Information

for the Period Ended 30 November 2023




Director: Manuiel-Mihai NICULITA
Registered office: 187
College Street
Nuneaton
England
CV10 7BL
Company Registration Number: 12298740 (England and Wales)

PICK ME LTD

Profit and Loss Account

for the Period Ended 30 November 2023


Notes

2023
£

2022
£
Turnover 615,570 322,816
Cost of sales ( 113,300 ) ( 327,993 )
Gross Profit or (Loss) 502,270 ( 5,177 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 711,144 ) ( 30,203 )
Other operating income 205,553 0
Operating Profit or (Loss) ( 3,321 ) ( 35,380 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 7,111 ) ( 1,293 )
Profit or (Loss) Before Tax ( 10,432 ) ( 36,673 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 10,432 ) ( 36,673 )

The notes form part of these financial statements

PICK ME LTD

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 84,492 46,157
Total fixed assets: 84,492 46,157
Current assets
Debtors: 5 62,839 0
Cash at bank and in hand: 31,592 27,027
Total current assets: 94,431 27,027
Creditors: amounts falling due within one year: 6 ( 97,445 ) ( 62,077 )
Net current assets (liabilities): ( 3,014 ) ( 35,050 )
Total assets less current liabilities: 81,478 11,107
Creditors: amounts falling due after more than one year: 7 ( 92,872 ) ( 44,486 )
Total net assets (liabilities): ( 11,394 ) ( 33,379 )

The notes form part of these financial statements

PICK ME LTD

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 11,395 ) ( 33,380 )
Shareholders funds: ( 11,394 ) ( 33,379 )

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 August 2024
And Signed On Behalf Of The Board By:

Name: Manuiel-Mihai NICULITA
Status: Director

The notes form part of these financial statements

PICK ME LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PICK ME LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

PICK ME LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

PICK ME LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 December 2022 3,129 51,750 54,879
Additions - 40,000 40,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 November 2023 3,129 91,750 94,879
Depreciation
At 01 December 2022 872 7,850 8,722
Charge for year 436 1,229 1,665
On disposals - - -
Other adjustments - - -
At 30 November 2023 1,308 9,079 10,387
Net book value
At 30 November 2023 1,821 82,671 84,492
At 30 November 2022 2,257 43,900 46,157

"For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board"
"1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles Reducing Balance Method
Computer Equipment Straight Forward Depreciation
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2021: 4)"

"8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
9. General Information
Pick Me Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12298740. The registered office is 187 College Street, Nuneaton, CV10 7BL."

PICK ME LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors


2023
£

2022
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 62,839 0
Total 62,839 0
Debtors due after more than one year: 40,390 0

2.Debtors 2023 2022
Due with in one year 0 0
Directors Loan Account 62839 0
more then one year 40390
6.Directors Advances,Creditors and Guarantees
Including with in Debtors are the followings loans to directors:
The above loan is unsecured, interest free and repayable on demand.

PICK ME LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 53,878 62,077
Other creditors 43,567
Total 97,445 62,077

3.Creditors:Amount That Falling Due With In One Year 2023 2022
Trade Creditors 1703.42 24018
Corporation Tax 0
Other taxs and Social Security 507
VAT 10972
Other Crediters -43567 26580
Payments to trade creditor -9902
53878.42 62077

4.Creditors:Amount That Falling Due After One Year 2023 2022
Bank LOAN 3000 12250
Other Liabilities -45387.31 32236

47486 44486

PICK ME LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 92,872 44,486
Total 92,872 44,486

4.Creditors:Amount That Falling Due After One Year 2023 2022
Bank LOAN 3000 12250
Other Liabilities -45387.31 32236