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Registered number: 13990752
Sheesh Piccadilly Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13990752
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,219,192 2,369,062
2,219,192 2,369,062
CURRENT ASSETS
Stocks 5 73,600 46,400
Debtors 6 1,732,830 1,694,560
Cash at bank and in hand 48,532 123,254
1,854,962 1,864,214
Creditors: Amounts Falling Due Within One Year 7 (3,686,061 ) (2,299,862 )
NET CURRENT ASSETS (LIABILITIES) (1,831,099 ) (435,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 388,093 1,933,414
Creditors: Amounts Falling Due After More Than One Year 8 (3,073,753 ) (3,589,999 )
NET LIABILITIES (2,685,660 ) (1,656,585 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (2,685,760 ) (1,656,685 )
SHAREHOLDERS' FUNDS (2,685,660) (1,656,585)
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Dylan Hunt
Director
30 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sheesh Piccadilly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13990752 . The registered office is Ye Olde Kings Head, 70 High Road, Chigwell, IG7 6QA.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Leasehold 20 years straight line
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 3 years straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 21)
28 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 1,834,541 163,463 84,940 811,354
Additions - - 21,500 61,117
As at 31 March 2025 1,834,541 163,463 106,440 872,471
...CONTINUED
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Page 4
Depreciation
As at 1 April 2024 179,089 56,706 21,705 270,814
Provided during the period 91,727 21,352 16,475 117,668
As at 31 March 2025 270,816 78,058 38,180 388,482
Net Book Value
As at 31 March 2025 1,563,725 85,405 68,260 483,989
As at 1 April 2024 1,655,452 106,757 63,235 540,540
Computer Equipment Total
£ £
Cost
As at 1 April 2024 9,235 2,903,533
Additions 18,369 100,986
As at 31 March 2025 27,604 3,004,519
Depreciation
As at 1 April 2024 6,157 534,471
Provided during the period 3,634 250,856
As at 31 March 2025 9,791 785,327
Net Book Value
As at 31 March 2025 17,813 2,219,192
As at 1 April 2024 3,078 2,369,062
5. Stocks
2025 2024
£ £
Materials 73,600 46,400
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 802 -
Prepayments and accrued income 885,493 565,000
Other debtors 846,535 1,129,560
1,732,830 1,694,560
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,249,407 1,992,629
Other taxes and social security 7,915 7,053
VAT 74,479 139,111
Net wages 2,248 1,057
Accruals and deferred income 13,942 13,942
Director's loan account 338,070 146,070
3,686,061 2,299,862
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 3,073,753 3,589,999
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5