IRIS Accounts Production v24.2.0.383 13286487 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132864872023-03-31132864872024-03-31132864872023-04-012024-03-31132864872022-03-31132864872022-04-012023-03-31132864872023-03-3113286487ns15:EnglandWales2023-04-012024-03-3113286487ns14:PoundSterling2023-04-012024-03-3113286487ns10:Director12023-04-012024-03-3113286487ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113286487ns10:SmallEntities2023-04-012024-03-3113286487ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113286487ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113286487ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113286487ns10:AbridgedAccounts2023-04-012024-03-3113286487ns10:Director22023-04-012024-03-3113286487ns10:Director32023-04-012024-03-3113286487ns10:RegisteredOffice2023-04-012024-03-3113286487ns5:CurrentFinancialInstruments2024-03-3113286487ns5:CurrentFinancialInstruments2023-03-3113286487ns5:Non-currentFinancialInstruments2024-03-3113286487ns5:Non-currentFinancialInstruments2023-03-3113286487ns5:ShareCapital2024-03-3113286487ns5:ShareCapital2023-03-3113286487ns5:RetainedEarningsAccumulatedLosses2024-03-3113286487ns5:RetainedEarningsAccumulatedLosses2023-03-3113286487ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3113286487ns5:PlantMachinery2023-04-012024-03-3113286487ns5:FurnitureFittings2023-04-012024-03-3113286487ns5:MotorVehicles2023-04-012024-03-3113286487ns5:ComputerEquipment2023-04-012024-03-31
REGISTERED NUMBER: 13286487 (England and Wales)












PICKWORTHS RESIDENTIAL LIVING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






PICKWORTHS RESIDENTIAL LIVING LTD (REGISTERED NUMBER: 13286487)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PICKWORTHS RESIDENTIAL LIVING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs D Maplethorpe
P J Maplethorpe
A C Harvey





REGISTERED OFFICE: 10 Park View
Frithville
Boston
Lincolnshire
PE22 7HA





REGISTERED NUMBER: 13286487 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

PICKWORTHS RESIDENTIAL LIVING LTD (REGISTERED NUMBER: 13286487)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 171,546 148,122

CURRENT ASSETS
Debtors 690 765
Cash at bank and in hand 405,300 128,455
405,990 129,220
CREDITORS
Amounts falling due within one year 304,132 82,885
NET CURRENT ASSETS 101,858 46,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,404

194,457

CREDITORS
Amounts falling due after more than one
year

(142,599

)

(172,920

)

PROVISIONS FOR LIABILITIES (29,738 ) (10,360 )
NET ASSETS 101,067 11,177

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,967 11,077
101,067 11,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

PICKWORTHS RESIDENTIAL LIVING LTD (REGISTERED NUMBER: 13286487)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mrs D Maplethorpe - Director


PICKWORTHS RESIDENTIAL LIVING LTD (REGISTERED NUMBER: 13286487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Straight line over 10 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

PICKWORTHS RESIDENTIAL LIVING LTD (REGISTERED NUMBER: 13286487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 27 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 158,524
Additions 52,386
At 31 March 2024 210,910
DEPRECIATION
At 1 April 2023 10,402
Charge for year 28,962
At 31 March 2024 39,364
NET BOOK VALUE
At 31 March 2024 171,546
At 31 March 2023 148,122

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 83,491
DEPRECIATION
Charge for year 16,698
At 31 March 2024 16,698
NET BOOK VALUE
At 31 March 2024 66,793
At 31 March 2023 83,491

4. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 59,943 70,975