IRIS Accounts Production v24.3.2.46 05865165 director 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058651652023-08-31058651652024-08-31058651652023-09-012024-08-31058651652022-08-31058651652022-09-012023-08-31058651652023-08-3105865165ns15:EnglandWales2023-09-012024-08-3105865165ns14:PoundSterling2023-09-012024-08-3105865165ns10:Director12023-09-012024-08-3105865165ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3105865165ns10:SmallEntities2023-09-012024-08-3105865165ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3105865165ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3105865165ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3105865165ns10:FullAccounts2023-09-012024-08-310586516512023-09-012024-08-3105865165ns10:CompanySecretary12023-09-012024-08-3105865165ns10:RegisteredOffice2023-09-012024-08-3105865165ns5:CurrentFinancialInstruments2024-08-3105865165ns5:CurrentFinancialInstruments2023-08-3105865165ns5:Non-currentFinancialInstruments2024-08-3105865165ns5:Non-currentFinancialInstruments2023-08-3105865165ns5:ShareCapital2024-08-3105865165ns5:ShareCapital2023-08-3105865165ns5:RetainedEarningsAccumulatedLosses2024-08-3105865165ns5:RetainedEarningsAccumulatedLosses2023-08-3105865165ns5:NetGoodwill2023-09-012024-08-3105865165ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3105865165ns5:PlantMachinery2023-09-012024-08-3105865165ns5:MotorVehicles2023-09-012024-08-3105865165ns5:NetGoodwill2023-08-3105865165ns5:NetGoodwill2024-08-3105865165ns5:NetGoodwill2023-08-3105865165ns5:PlantMachinery2023-08-3105865165ns5:MotorVehicles2023-08-3105865165ns5:PlantMachinery2024-08-3105865165ns5:MotorVehicles2024-08-3105865165ns5:PlantMachinery2023-08-3105865165ns5:MotorVehicles2023-08-3105865165ns5:CostValuation2023-08-3105865165ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3105865165ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 05865165 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

IAN PICK ASSOCIATES LIMITED

IAN PICK ASSOCIATES LIMITED (REGISTERED NUMBER: 05865165)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IAN PICK ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: I T Pick MRICS





SECRETARY: Mrs L M Pick





REGISTERED OFFICE: Llewellyn House
Middle Street
Kilham
Driffield
East Yorkshire
YO25 4RL





REGISTERED NUMBER: 05865165 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

IAN PICK ASSOCIATES LIMITED (REGISTERED NUMBER: 05865165)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 50,975
Investments 6 51 51
51 51,026

CURRENT ASSETS
Stocks - 5,000
Debtors 7 818,092 819,012
Cash at bank 528,808 448,622
1,346,900 1,272,634
CREDITORS
Amounts falling due within one year 8 82,252 85,592
NET CURRENT ASSETS 1,264,648 1,187,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,699

1,238,068

CREDITORS
Amounts falling due after more than one
year

9

-

25,809
NET ASSETS 1,264,699 1,212,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,264,599 1,212,159
SHAREHOLDERS' FUNDS 1,264,699 1,212,259

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IAN PICK ASSOCIATES LIMITED (REGISTERED NUMBER: 05865165)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 10 February 2025 and were signed by:





I T Pick MRICS - Director


IAN PICK ASSOCIATES LIMITED (REGISTERED NUMBER: 05865165)

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

1. STATUTORY INFORMATION

Ian Pick Associates 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
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 2006, is being amortised evenly over its estimated useful life of four 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

IAN PICK ASSOCIATES LIMITED (REGISTERED NUMBER: 05865165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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 2 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 8,000
AMORTISATION
At 1 September 2023
and 31 August 2024 8,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 30,187 74,991 105,178
Additions 916 58,061 58,977
Disposals (31,098 ) (133,052 ) (164,150 )
At 31 August 2024 5 - 5
DEPRECIATION
At 1 September 2023 21,393 32,810 54,203
Eliminated on disposal (21,388 ) (32,810 ) (54,198 )
At 31 August 2024 5 - 5
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 8,794 42,181 50,975

IAN PICK ASSOCIATES LIMITED (REGISTERED NUMBER: 05865165)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 51
NET BOOK VALUE
At 31 August 2024 51
At 31 August 2023 51

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 818,092 819,012

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,804
Taxation and social security 79,625 82,210
Other creditors 2,627 1,578
82,252 85,592

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 25,809

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is IT Pick.