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Company No: 04468322 (England and Wales)

L E PICKLES AND SON LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

L E PICKLES AND SON LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

L E PICKLES AND SON LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
L E PICKLES AND SON LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR Martin Leonard Pickles
SECRETARY Stella Pickles
REGISTERED OFFICE 4 Aylesham Court
Huntington
York
YO32 9YX
United Kingdom
COMPANY NUMBER 04468322 (England and Wales)
ACCOUNTANT Ian Walker & Co Accountants
Wellington House
Aviator Court
York
YO30 5ZG
L E PICKLES AND SON LIMITED

BALANCE SHEET

As at 31 March 2025
L E PICKLES AND SON LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 178,407 181,236
178,407 181,236
Current assets
Stocks 4 3,500 3,500
Debtors 5 4,951 17,720
Cash at bank and in hand 6 135,599 92,048
144,050 113,268
Creditors: amounts falling due within one year 7 ( 69,635) ( 24,504)
Net current assets 74,415 88,764
Total assets less current liabilities 252,822 270,000
Net assets 252,822 270,000
Capital and reserves
Called-up share capital 8 101 101
Profit and loss account 252,721 269,899
Total shareholders' funds 252,822 270,000

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of L E Pickles and Son Limited (registered number: 04468322) were approved and authorised for issue by the Director on 29 May 2025. They were signed on its behalf by:

Martin Leonard Pickles
Director
L E PICKLES AND SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
L E PICKLES AND SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

L E Pickles and Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Aylesham Court, Huntington, York, YO32 9YX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 April 2024 169,919 4,647 34,844 209,410
At 31 March 2025 169,919 4,647 34,844 209,410
Accumulated depreciation
At 01 April 2024 0 4,019 24,155 28,174
Charge for the financial year 0 157 2,672 2,829
At 31 March 2025 0 4,176 26,827 31,003
Net book value
At 31 March 2025 169,919 471 8,017 178,407
At 31 March 2024 169,919 628 10,689 181,236

4. Stocks

2025 2024
£ £
Stocks 3,500 3,500

5. Debtors

2025 2024
£ £
Trade debtors 4,951 17,720

6. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 135,599 92,048

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 821 2,145
Taxation and social security 14,263 20,519
Other creditors 54,551 1,840
69,635 24,504

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
1 Ordinary A share of £ 1.00 1 1
101 101