PICKARDS 172 LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

D Sobbi

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

11225818 (England and Wales)

ACCOUNTANT:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

FIXED ASSETS

Tangible assets

4

29,692

32,579

CURRENT ASSETS

Stocks

5

1,850

3,680

Debtors

6

38,122

26,185

Cash at bank and in hand

16,288

25,394

56,260

55,259

CREDITORS

Amounts falling due within one year

7

34,258

37,940

NET CURRENT ASSETS

22,002

17,319

TOTAL ASSETS LESS CURRENT LIABILITIES

51,694

49,898

CREDITORS

Amounts falling due after more than one year

8

15,833

15,833

NET ASSETS

35,861

34,065

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

35,761

33,965

SHAREHOLDERS' FUNDS

35,861

34,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

D Sobbi - Director

1.	STATUTORY INFORMATION

Pickards 172 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

8,000

20,935

17,948

1,200

48,083

Additions

-

-

-

1,200

1,200

Disposals

-

-

-

(1,200

)

(1,200

)

At 30 April 2025

8,000

20,935

17,948

1,200

48,083

DEPRECIATION

At 1 May 2024

-

8,413

5,892

1,199

15,504

Charge for year

-

1,878

1,808

401

4,087

Eliminated on disposal

-

-

-

(1,200

)

(1,200

)

At 30 April 2025

-

10,291

7,700

400

18,391

NET BOOK VALUE

At 30 April 2025

8,000

10,644

10,248

800

29,692

At 30 April 2024

8,000

12,522

12,056

1

32,579

5.

STOCKS

30.4.25

30.4.24

£

£

Stocks

1,850

3,680

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

DS182 Ltd

18,500

4,500

Staff Loan

12,520

14,900

Prepayments

7,102

6,785

38,122

26,185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

3,635

1,049

Tax

1,534

1,252

Social security and other taxes

415

395

Pension payable

69

88

VAT

40

510

B164 Limited

5,000

13,000

Directors' loan accounts

4,000

3,446

Accrued expenses

9,565

8,200

34,258

37,940

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 2-5 years

833

10,833

Director's loan account

15,000

5,000

15,833

15,833

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2024

33,965

Profit for the year

3,796

Dividends

(2,000

)

At 30 April 2025

35,761