Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2024-01-01No description of principal activity2930false 09155146 2024-01-01 2024-12-31 09155146 2023-01-01 2023-12-31 09155146 2024-12-31 09155146 2023-12-31 09155146 c:Director1 2024-01-01 2024-12-31 09155146 d:PlantMachinery 2024-01-01 2024-12-31 09155146 d:PlantMachinery 2024-12-31 09155146 d:PlantMachinery 2023-12-31 09155146 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09155146 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09155146 d:MotorVehicles 2024-01-01 2024-12-31 09155146 d:MotorVehicles 2024-12-31 09155146 d:MotorVehicles 2023-12-31 09155146 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09155146 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09155146 d:FurnitureFittings 2024-01-01 2024-12-31 09155146 d:FurnitureFittings 2024-12-31 09155146 d:FurnitureFittings 2023-12-31 09155146 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09155146 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09155146 d:ComputerEquipment 2024-01-01 2024-12-31 09155146 d:ComputerEquipment 2024-12-31 09155146 d:ComputerEquipment 2023-12-31 09155146 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09155146 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09155146 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09155146 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09155146 d:ComputerSoftware 2024-12-31 09155146 d:ComputerSoftware 2023-12-31 09155146 d:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09155146 d:Non-currentFinancialInstruments 2024-12-31 09155146 d:Non-currentFinancialInstruments 2023-12-31 09155146 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09155146 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09155146 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09155146 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09155146 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09155146 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09155146 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09155146 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09155146 d:ShareCapital 2024-12-31 09155146 d:ShareCapital 2023-12-31 09155146 d:RetainedEarningsAccumulatedLosses 2024-12-31 09155146 d:RetainedEarningsAccumulatedLosses 2023-12-31 09155146 c:FRS102 2024-01-01 2024-12-31 09155146 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09155146 c:FullAccounts 2024-01-01 2024-12-31 09155146 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09155146 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 09155146 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 09155146 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 09155146 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 09155146 d:HirePurchaseContracts d:MoreThanFiveYears 2024-12-31 09155146 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 09155146 2 2024-01-01 2024-12-31 09155146 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 09155146 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 09155146 d:LeasedAssetsHeldAsLessee 2024-12-31 09155146 d:LeasedAssetsHeldAsLessee 2023-12-31 09155146 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 09155146





PICKLE SHACK LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




















img6ed4.png

 
PICKLE SHACK LTD
REGISTERED NUMBER:09155146

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
                                                                    Note
£
£

Fixed assets
  

Tangible assets
 5 
36,737
2,756

  
36,737
2,756

Current assets
  

Stocks
  
3,267
3,373

Debtors
  
15,413
8,125

Cash at bank and in hand
  
83,110
126,111

  
101,790
137,609

Creditors: amounts falling due within one year
  
(98,112)
(118,213)

Net current assets
  
 
 
3,678
 
 
19,396

Total assets less current liabilities
  
40,415
22,152

Creditors: amounts falling due after more than one year
 6 
(33,399)
(21,919)

  

Net assets
  
7,016
233


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
6,916
133

  
7,016
233


Page 1

 
PICKLE SHACK LTD
REGISTERED NUMBER:09155146
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2025.




................................................
J McDonald-Johnson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Pickle Shack Ltd is a private company, limited by shares, incorporated in England. The registered office is Unit 26, Greendale Business Park, Sidmouth Road, Woodbury Salterton, Exeter, EX5 1EW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Other intangible fixed assets
-
20%
straight line

Page 4

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
10% and 20% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 30).

Page 6

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
2,383



At 31 December 2024

2,383



Amortisation


At 1 January 2024
2,383



At 31 December 2024

2,383



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 7

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
29,209
16,933
3,687
2,647
52,476


Additions
13,247
26,441
-
589
40,277



At 31 December 2024

42,456
43,374
3,687
3,236
92,753



Depreciation


At 1 January 2024
27,531
16,933
3,120
2,136
49,720


Charge for the year on owned assets
2,222
-
331
454
3,007


Charge for the year on financed assets
-
3,289
-
-
3,289



At 31 December 2024

29,753
20,222
3,451
2,590
56,016



Net book value



At 31 December 2024
12,703
23,152
236
646
36,737



At 31 December 2023
1,678
-
567
511
2,756

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
22,454
-

22,454
-

Page 8

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,938
7,752

Net obligations under finance leases and hire purchase contracts
18,128
-

Accruals and deferred income
13,333
14,167

33,399
21,919



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,813
5,813


5,813
5,813

Amounts falling due 1-2 years

Bank loans
1,938
5,814


1,938
5,814

Amounts falling due 2-5 years

Bank loans
-
1,938


-
1,938


7,751
13,565


Page 9

 
PICKLE SHACK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,256
-

Between 1-5 years
4,638
-

Over 5 years
13,490
-

22,384
-


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £16,687 (2023 - £15,135). Contributions totalling £1,115 (2023 - £629) were payable to the fund at the balance sheet date and are included in creditors


10.


Controlling party

Pickle Shack Limited is a wholly owned subsiduary of Hace Enterprise Limited (15330828). The company is exempt from producing consolidated accounts.

 
Page 10