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REGISTERED NUMBER: 10028944 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Picketts Of Bexleyheath Ltd

Picketts Of Bexleyheath Ltd (Registered number: 10028944)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Picketts Of Bexleyheath Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: B G Moffatt
Ms S Fenton





REGISTERED OFFICE: 3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU





REGISTERED NUMBER: 10028944 (England and Wales)





ACCOUNTANTS: SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU

Picketts Of Bexleyheath Ltd (Registered number: 10028944)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,933 20,040

CURRENT ASSETS
Stocks 1,000 1,250
Debtors 5 3,597 4,812
Cash at bank 13,224 26,562
17,821 32,624
CREDITORS
Amounts falling due within one year 6 27,187 40,150
NET CURRENT LIABILITIES (9,366 ) (7,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,567

12,514

CREDITORS
Amounts falling due after more than
one year

7

-

(5,650

)

PROVISIONS FOR LIABILITIES 8 (4,860 ) (4,248 )
NET ASSETS 8,707 2,616

Picketts Of Bexleyheath Ltd (Registered number: 10028944)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 8,507 2,416
SHAREHOLDERS' FUNDS 8,707 2,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





B G Moffatt - Director


Picketts Of Bexleyheath Ltd (Registered number: 10028944)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Picketts Of Bexleyheath 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 - 20% on reducing balance

Stocks
Stocks 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 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.


Picketts Of Bexleyheath Ltd (Registered number: 10028944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 45,835
Additions 8,627
At 29 February 2024 54,462
DEPRECIATION
At 1 March 2023 25,795
Charge for year 5,734
At 29 February 2024 31,529
NET BOOK VALUE
At 29 February 2024 22,933
At 28 February 2023 20,040

Picketts Of Bexleyheath Ltd (Registered number: 10028944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Other debtors 3,597 4,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 6,163 6,163
Trade creditors 276 433
Taxation and social security 13,841 11,498
Other creditors 6,907 22,056
27,187 40,150

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts - 5,650

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 4,860 4,248

Deferred
tax
£   
Balance at 1 March 2023 4,248
Charge to Statement of Income and Retained Earnings during
year

612
Balance at 29 February 2024 4,860

Picketts Of Bexleyheath Ltd (Registered number: 10028944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 March 2023 2,416
Profit for the year 53,891
Dividends (47,800 )
At 29 February 2024 8,507

Picketts Of Bexleyheath Ltd

Report of the Accountants to the Directors of
Picketts Of Bexleyheath Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU


30 July 2024