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REGISTERED NUMBER: 00653338 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

E T Pickworth & Son Limited

E T Pickworth & Son Limited (Registered number: 00653338)






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

Chartered Accountants' Report 7

E T Pickworth & Son Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C B Pickworth
Mrs T S Pickworth





REGISTERED OFFICE: Whitacre Hall Farm
Nether Whitacre
Coleshill
Warwickshire
B46 2PD





REGISTERED NUMBER: 00653338 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

E T Pickworth & Son Limited (Registered number: 00653338)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 489,086 305,184

CURRENT ASSETS
Stocks 94,441 122,662
Debtors 5 35,029 372,298
Cash at bank 133,936 -
263,406 494,960
CREDITORS
Amounts falling due within one year 6 (166,472 ) (131,586 )
NET CURRENT ASSETS 96,934 363,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,020

668,558

CREDITORS
Amounts falling due after more than one
year

7

-

(545,750

)
NET ASSETS 586,020 122,808

CAPITAL AND RESERVES
Called up share capital 9 25,000 25,000
Retained earnings 561,020 97,808
SHAREHOLDERS' FUNDS 586,020 122,808

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.

E T Pickworth & Son Limited (Registered number: 00653338)

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 20 May 2024 and were signed on its behalf by:





C B Pickworth - Director


E T Pickworth & Son Limited (Registered number: 00653338)

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

1. STATUTORY INFORMATION

E T Pickworth & Son Limited 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
Revenue 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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

E T Pickworth & Son Limited (Registered number: 00653338)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 256,630 86,965 29,395 18,740 391,730
Additions 240,000 31,731 36,395 - 308,126
Disposals (117,600 ) - - - (117,600 )
At 31 March 2024 379,030 118,696 65,790 18,740 582,256
DEPRECIATION
At 1 April 2023 - 51,582 17,038 17,926 86,546
Charge for year - 4,566 1,854 204 6,624
At 31 March 2024 - 56,148 18,892 18,130 93,170
NET BOOK VALUE
At 31 March 2024 379,030 62,548 46,898 610 489,086
At 31 March 2023 256,630 35,383 12,357 814 305,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,352 24,427
Other debtors 28,677 347,871
35,029 372,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,950 106,149
Trade creditors 38,016 16,964
Taxation and social security 85,071 -
Other creditors 2,435 8,473
166,472 131,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 545,750

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan - 545,750

E T Pickworth & Son Limited (Registered number: 00653338)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 40,950 106,149
Bank loans - 545,750
40,950 651,899

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary £1 25,000 25,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
E T Pickworth & Son Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E T Pickworth & Son Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of E T Pickworth & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E T Pickworth & Son Limited and state those matters that we have agreed to state to the Board of Directors of E T Pickworth & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E T Pickworth & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that E T Pickworth & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E T Pickworth & Son Limited. You consider that E T Pickworth & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of E T Pickworth & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


20 May 2024