Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-07falseNo description of principal activity2023-09-01false99truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01427323 2023-09-01 2024-08-31 01427323 2022-09-01 2023-08-31 01427323 2024-08-31 01427323 2023-08-31 01427323 c:Director1 2023-09-01 2024-08-31 01427323 d:Buildings 2023-09-01 2024-08-31 01427323 d:Buildings 2024-08-31 01427323 d:Buildings 2023-08-31 01427323 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01427323 d:Buildings d:LongLeaseholdAssets 2023-09-01 2024-08-31 01427323 d:Buildings d:LongLeaseholdAssets 2024-08-31 01427323 d:Buildings d:LongLeaseholdAssets 2023-08-31 01427323 d:PlantMachinery 2023-09-01 2024-08-31 01427323 d:PlantMachinery 2024-08-31 01427323 d:PlantMachinery 2023-08-31 01427323 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01427323 d:MotorVehicles 2023-09-01 2024-08-31 01427323 d:MotorVehicles 2024-08-31 01427323 d:MotorVehicles 2023-08-31 01427323 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01427323 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01427323 d:Goodwill 2024-08-31 01427323 d:Goodwill 2023-08-31 01427323 d:CurrentFinancialInstruments 2024-08-31 01427323 d:CurrentFinancialInstruments 2023-08-31 01427323 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 01427323 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01427323 d:ShareCapital 2024-08-31 01427323 d:ShareCapital 2023-08-31 01427323 d:RetainedEarningsAccumulatedLosses 2024-08-31 01427323 d:RetainedEarningsAccumulatedLosses 2023-08-31 01427323 c:FRS102 2023-09-01 2024-08-31 01427323 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01427323 c:FullAccounts 2023-09-01 2024-08-31 01427323 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01427323 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 01427323










SALEPICK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
SALEPICK LIMITED
REGISTERED NUMBER: 01427323

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
199,102
179,298

  
199,102
179,298

Current assets
  

Stocks
  
63,154
67,187

Debtors: amounts falling due within one year
 6 
241,350
220,856

Cash at bank and in hand
  
410,493
487,959

  
714,997
776,002

Creditors: amounts falling due within one year
 7 
(145,252)
(150,904)

Net current assets
  
 
 
569,745
 
 
625,098

Total assets less current liabilities
  
768,847
804,396

Provisions for liabilities
  

Deferred tax
  
(11,791)
(4,722)

  
 
 
(11,791)
 
 
(4,722)

Net assets
  
757,056
799,674


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
757,054
799,672

  
757,056
799,674


Page 1

 
SALEPICK LIMITED
REGISTERED NUMBER: 01427323
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The director considers 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 director acknowledges his 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 income statement 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 by: 




Mr N M Bathia
Director

Date: 7 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Salepick Limited is a private company, limited by share capital, incorporated in England and Wales, under registration number 01427323. The address of the registered office is Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

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

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

2.Accounting policies (continued)

 
2.3

Borrowing costs

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

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

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.

Page 4

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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, straight line/reducing balance..

Depreciation is provided on the following basis:

Freehold property
-
2.5% reducing balance
L/Term Leasehold Property
-
99 years over the term of the lease
Plant & machinery
-
10% reducing balance
Motor vehicles
-
25% reducing balance

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.

 
2.7

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 reporting 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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 5

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

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
21,597



At 31 August 2024

21,597



Amortisation


At 1 September 2023
21,597



At 31 August 2024

21,597



Net book value



At 31 August 2024
-



At 31 August 2023
-



Page 6

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

5.


Tangible fixed assets





Freehold property
L/Term Leasehold Property
Fixtures, fittings & equipment
Motor vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
68,667
134,941
119,598
-
323,206


Additions
-
-
3,575
28,749
32,324



At 31 August 2024

68,667
134,941
123,173
28,749
355,530



Depreciation


At 1 September 2023
24,442
24,937
94,527
-
143,906


Charge for the year on owned assets
1,106
1,363
2,865
7,187
12,521



At 31 August 2024

25,548
26,300
97,392
7,187
156,427



Net book value



At 31 August 2024
43,119
108,641
25,781
21,562
199,103



At 31 August 2023
44,224
110,004
25,070
-
179,298


6.


Debtors

2024
2023
£
£


Trade debtors
52,375
61,720

VAT repayable
10,196
10,531

Section 458 tax recoverable
43,255
35,543

Directors' loan account
130,495
107,643

Prepayments and accrued income
5,029
5,419

241,350
220,856


Page 7

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
134,895
143,932

Pension payable
461
255

Other creditors
95
450

Corporation tax and Section 455 tax
7,713
6,267

Other taxation and social security
2,088
-

145,252
150,904



8.


Controlling party

The company is under the control of Mr N M Bathia (50% share) and Mrs K N Bathia (50% share), by virtue of the fact that they own 100% of the share capital.

Page 8