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REGISTERED NUMBER: 08403630 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DE Pickervance & Sons Ltd

DE Pickervance & Sons Ltd (Registered number: 08403630)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DE Pickervance & Sons Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R T J Pickervance
Mr D E Pickervance
Mr D J Pickervance





REGISTERED OFFICE: Mowbreck Hall Farm
Mowbreck Lane
Wesham
Preston
Lancashire
PR4 3HA





REGISTERED NUMBER: 08403630 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

DE Pickervance & Sons Ltd (Registered number: 08403630)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 782,725 873,591
782,725 873,591

CURRENT ASSETS
Stocks 429,871 479,193
Debtors 6 159,876 163,928
Cash at bank 10,805 71,649
600,552 714,770
CREDITORS
Amounts falling due within one year 7 1,069,075 1,136,082
NET CURRENT LIABILITIES (468,523 ) (421,312 )
TOTAL ASSETS LESS CURRENT LIABILITIES 314,202 452,279

CREDITORS
Amounts falling due after more than one
year

8

(148,795

)

(194,578

)

PROVISIONS FOR LIABILITIES (148,036 ) (209,772 )
NET ASSETS 17,371 47,929

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 17,269 47,827
17,371 47,929

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.

DE Pickervance & Sons Ltd (Registered number: 08403630)

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.

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 28 August 2024 and were signed on its behalf by:




Mr D E Pickervance - Director Mr D J Pickervance - Director




Mr R T J Pickervance - Director


DE Pickervance & Sons Ltd (Registered number: 08403630)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

DE Pickervance & Sons 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% 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 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.

DE Pickervance & Sons Ltd (Registered number: 08403630)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,319,482
Additions 89,683
Disposals (61,320 )
At 31 March 2024 1,347,845
DEPRECIATION
At 1 April 2023 445,891
Charge for year 139,076
Eliminated on disposal (19,847 )
At 31 March 2024 565,120
NET BOOK VALUE
At 31 March 2024 782,725
At 31 March 2023 873,591

DE Pickervance & Sons Ltd (Registered number: 08403630)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

The net book value of assets held under finance leases or hire purchase contracts, included above, are £362,729 (2022 - £362,729).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 154,406 144,700
Other debtors 5,470 19,228
159,876 163,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts - 57,925
Hire purchase contracts 90,450 88,908
Trade creditors 52,819 91,426
Taxation and social security 20,486 39,008
Other creditors 905,320 858,815
1,069,075 1,136,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 105,387 172,958
Other creditors 43,408 21,620
148,795 194,578

9. RELATED PARTY DISCLOSURES

The directors and shareholders of D E Pickervance & Sons Ltd, are also partners in D E Pickervance & Sons.

The directors have a loan account with the company. The balance owing to the directors at the year end date was £835,303 (2023 - £840,301). The loan is unsecured, interest free and repayable on demand.