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Company Registration No. 8657009 (England and Wales)
Pickle & Rye Incorporated Ltd Unaudited accounts for the year ended 31 December 2023
Pickle & Rye Incorporated Ltd Unaudited accounts Contents
Page
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Pickle & Rye Incorporated Ltd Company Information for the year ended 31 December 2023
Directors
Alex Minor Valerie Lynn Minor
Company Number
8657009 (England and Wales)
Registered Office
29 Blackwood Close West Byfleet Surrey KT14 6PP United Kingdom
Accountants
Golding & Co Accounting Services Limited 29 Blackwood Close West Byfleet Surrey KT14 6PP
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Pickle & Rye Incorporated Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,250 
13,250 
Tangible assets
109,131 
125,945 
121,381 
139,195 
Current assets
Inventories
5,600 
5,600 
Debtors
10,897 
8,788 
Cash at bank and in hand
3,302 
6,267 
19,799 
20,655 
Creditors: amounts falling due within one year
(67,965)
(68,898)
Net current liabilities
(48,166)
(48,243)
Total assets less current liabilities
73,215 
90,952 
Creditors: amounts falling due after more than one year
(44,413)
(51,813)
Net assets
28,802 
39,139 
Capital and reserves
Called up share capital
137 
137 
Share premium
24,963 
24,963 
Profit and loss account
3,702 
14,039 
Shareholders' funds
28,802 
39,139 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by
Alex Minor Director Company Registration No. 8657009
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Pickle & Rye Incorporated Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Pickle & Rye Incorporated Ltd is a private company, limited by shares, registered in England and Wales, registration number 8657009. The registered office is 29 Blackwood Close, West Byfleet, Surrey, KT14 6PP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. The estimated useful lives of the assets are reviewed on an annual basis and depreciation rates adjusted in order to write off the assets over the expected useful lives as follows:
Plant & machinery
10% Straight Line - prior year 25% Straight Line
Fixtures & fittings
15% Straight Line - prior year 20% Straight Line
Computer equipment
33% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not provided for.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Pickle & Rye Incorporated Ltd Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
15,000 
At 31 December 2023
15,000 
Amortisation
At 1 January 2023
1,750 
Charge for the year
1,000 
At 31 December 2023
2,750 
Net book value
At 31 December 2023
12,250 
At 31 December 2022
13,250 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
79,713 
40,131 
36,596 
5,999 
162,439 
At 31 December 2023
79,713 
40,131 
36,596 
5,999 
162,439 
Depreciation
At 1 January 2023
8,502 
13,135 
12,199 
2,658 
36,494 
Charge for the year
5,314 
4,013 
5,489 
1,998 
16,814 
At 31 December 2023
13,816 
17,148 
17,688 
4,656 
53,308 
Net book value
At 31 December 2023
65,897 
22,983 
18,908 
1,343 
109,131 
At 31 December 2022
71,211 
26,996 
24,397 
3,341 
125,945 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
308 
228 
Other debtors
10,589 
8,560 
10,897 
8,788 
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Pickle & Rye Incorporated Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,605 
8,170 
VAT
21,826 
14,064 
Trade creditors
7,955 
6,956 
Taxes and social security
17,786 
10,807 
Other creditors
8,659 
5,078 
Loans from directors
7,134 
20,391 
Accruals
- 
3,432 
67,965 
68,898 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,162 
43,484 
Other creditors
3,251 
8,329 
44,413 
51,813 
Bounce back loan received on 12 May 2020 in the amount of £50,000. First year charges and interest borne by the UK government, thereafter interest bearing at 2.5% per annum and repayable over a 9 year term. This loan is unsecured. Unsecured third party loan received on 1 September 2021 in the amount of £20,000. The loan bears interest at 2.5% per annum and repayable over a 4 year term.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10,000 A shares of £0.01 each
100.00 
100.00 
3,699 B Shares of £0.01 each
36.99 
36.99 
136.99 
136.99 
10
Average number of employees
During the year the average number of employees was 36 (2022: 32).
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