Company registration number: 11897704
Unaudited financial statements
for the period ended 31 March 2025
for
Picaddily Courier Services Ltd
Pages for filing with the Registrar
Company registration number: 11897704
Picaddily Courier Services Ltd
Balance sheet
as at 31 March 2025
Note £ £
Fixed assets
Intangible assets 4 180,834
Tangible assets 5 1,101,611
1,282,445
Current assets
Stocks 28,314
Debtors 85,345
Cash at bank and in hand 11,356
125,015
Creditors: amounts falling due within one
year 		(1,473,063)
Net current liabilities (1,348,048)
Total assets less current liabilities (65,603)
NET LIABILITIES (65,603)
Capital and reserves
Called up share capital 1
Profit and loss account (65,604)
TOTAL EQUITY (65,603)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 11897704
Picaddily Courier Services Ltd
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr C Raza, Director
1 April 2025
2
Picaddily Courier Services Ltd
Notes to the financial statements
for the period ended 31 March 2025
1 Company information
Picaddily Courier Services Ltd is a private company registered in England and Wales. Its registered number is 11897704. The company is limited by shares. Its registered office is Piccadilly Business Centre, Aldow Enterprise Park, Manchester, M12 6AE.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 0.8% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Picaddily Courier Services Ltd
Notes to the financial statements - continued
for the period ended 31 March 2025
3 Average number of employees
During the period the average number of employees was 30.
4 Intangible assets
Goodwill
£
Cost
At 31 March 2025 350,000
Amortisation
Charge for period 35,000
At 31 March 2025 169,166
Net book value
At 31 March 2025 180,834
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 31 March 2025 1,201,000
Depreciation
Charge for period 10,500
At 31 March 2025 99,389
Net book value
At 31 March 2025 1,101,611
If Plant and Machinery had not been revalued, it would have been included at the following historical cost:
£
Cost 1,201,000
Accumulated depreciation 99,389
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