Picketts Of Bexleyheath Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10028944

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,627		22,933

			18,627		22,933
CURRENT ASSETS
Stocks	5	1,000		1,000
Debtors	6	1,900		3,691
Cash at bank and in hand		13,711		13,224

		16,611		17,915
Creditors: Amounts Falling Due Within One Year	7	(21,304 )		(27,281 )

NET CURRENT ASSETS (LIABILITIES)			(4,693 )		(9,366 )

TOTAL ASSETS LESS CURRENT LIABILITIES			13,934		13,567

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,657 )		(4,860 )

NET ASSETS			9,277		8,707

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			9,077		8,507

SHAREHOLDERS' FUNDS			9,277		8,707

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Picketts Of Bexleyheath Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B G Moffatt

Director

29th August 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Picketts Of Bexleyheath Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10028944 . The registered office is Top Floor, West Hill House, Dartford, Kent, DA1 2EU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% reducing balance
Computer Equipment	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable 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.

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Picketts Of Bexleyheath Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2024	2,241	52,221	54,462
Additions	-	350	350

As at 28 February 2025	2,241	52,571	54,812

Depreciation
As at 1 March 2024	1,176	30,353	31,529
Provided during the period	213	4,443	4,656

As at 28 February 2025	1,389	34,796	36,185

Net Book Value
As at 28 February 2025	852	17,775	18,627

As at 1 March 2024	1,065	21,868	22,933

5. Stocks

	2025	2024
	£	£
Stock	1,000	1,000

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,900	3,691

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	6,163
Trade creditors	-	276
Other creditors	7,198	6,907
Taxation and social security	14,106	13,935

	21,304	27,281

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	6,163

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Picketts Of Bexleyheath Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

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