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REGISTERED NUMBER: 11866295 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

D Pickering Ltd

D Pickering Ltd (Registered number: 11866295)






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


D Pickering Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D L Pickering
R H Foster





SECRETARY: N Pickering





REGISTERED OFFICE: Junction of Burnt House Bank
Pelton Fell Road
Pelton Fell
Chester le Street
Co Durham
DH2 2AG





REGISTERED NUMBER: 11866295 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

D Pickering Ltd (Registered number: 11866295)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 980,857 505,112
980,857 505,112

CURRENT ASSETS
Stocks 2,477 14,436
Debtors 6 366,519 413,675
Cash at bank and in hand 435,640 159,835
804,636 587,946
CREDITORS
Amounts falling due within one year 7 523,094 355,259
NET CURRENT ASSETS 281,542 232,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,262,399

737,799

CREDITORS
Amounts falling due after more than one
year

8

(505,510

)

(349,770

)

PROVISIONS FOR LIABILITIES 11 (141,556 ) (70,796 )
NET ASSETS 615,333 317,233

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 615,233 317,133
SHAREHOLDERS' FUNDS 615,333 317,233

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.

D Pickering Ltd (Registered number: 11866295)

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 Profit and Loss Account 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:





R H Foster - Director


D Pickering Ltd (Registered number: 11866295)

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

1. STATUTORY INFORMATION

D Pickering 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Revenue from services provided is recognised once the service is complete.

Government grants
Revenue based grants are credited to the profit and loss account in the period to which entitlement relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is now fully amortised.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost, 20% on reducing balance and 10% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


D Pickering Ltd (Registered number: 11866295)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

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

D Pickering Ltd (Registered number: 11866295)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 25,278 615,050 18,251 658,579
Additions 46,527 2,199 583,140 16,438 648,304
Disposals - - (26,900 ) - (26,900 )
At 31 March 2024 46,527 27,477 1,171,290 34,689 1,279,983
DEPRECIATION
At 1 April 2023 - 13,390 133,249 6,828 153,467
Charge for year 7,756 3,476 142,379 8,031 161,642
Eliminated on disposal - - (15,983 ) - (15,983 )
At 31 March 2024 7,756 16,866 259,645 14,859 299,126
NET BOOK VALUE
At 31 March 2024 38,771 10,611 911,645 19,830 980,857
At 31 March 2023 - 11,888 481,801 11,423 505,112

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 - 530,650 530,650
Additions 46,527 583,140 629,667
Transfer to ownership - (100,000 ) (100,000 )
At 31 March 2024 46,527 1,013,790 1,060,317
DEPRECIATION
At 1 April 2023 - 87,939 87,939
Charge for year 7,756 125,487 133,243
Transfer to ownership - (39,200 ) (39,200 )
At 31 March 2024 7,756 174,226 181,982
NET BOOK VALUE
At 31 March 2024 38,771 839,564 878,335
At 31 March 2023 - 442,711 442,711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 353,226 371,204
Other debtors - 16,000
Prepayments and accrued income 13,293 26,471
366,519 413,675

D Pickering Ltd (Registered number: 11866295)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 196,420 104,239
Trade creditors 121,443 72,254
Taxation and social security 118,457 106,045
Other creditors 23,186 18,054
Directors' current accounts 40,000 36,713
Accruals and deferred income 13,588 7,954
523,094 355,259

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
Hire purchase contracts (see note 9) 407,010 208,103
Directors' loan accounts 86,833 120,000
505,510 349,770

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 196,420 104,239
Between one and five years 407,010 208,103
603,430 312,342

Non-cancellable operating leases
2024 2023
£    £   
Within one year 36,000 36,000
Between one and five years 144,000 144,000
In more than five years 15,000 51,000
195,000 231,000

D Pickering Ltd (Registered number: 11866295)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 603,430 312,342

Hire purchase contracts are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 141,556 70,796

Deferred
tax
£   
Balance at 1 April 2023 70,796
Accelerated capital allowances 70,760
Balance at 31 March 2024 141,556

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted at market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.


2024 2023
£ £

Amounts due to director 126,833 156,713
Amounts due to shareholder 3,500 3,500
130,333 160,213
No interest has been charged.