Picchio Limited - Filleted accounts

Registered number

08195095

Picchio Limited

Unaudited Filleted Accounts

30 November 2025

Picchio Limited
Registered number:		08195095
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		48,109			58,541
Investments	4		172,160			63,000
			220,269			121,541

Current assets
Stocks		11,711			13,864
Debtors	5	269,309			297,459
Cash at bank and in hand		584,187			800,181
		865,207			1,111,504

Creditors: amounts falling due within one year	6	(236,654)			(302,996)

Net current assets			628,553			808,508

Net assets			848,822			930,049

Capital and reserves
Called up share capital			1			1
Profit and loss account			848,821			930,048

Shareholder's funds			848,822			930,049

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr K S Wong
Director
Approved by the board on 14 May 2026

Picchio Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance basis
	Fixtures, fittings, tools and equipment	20% reducing balance basis

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			32		35


3	Tangible fixed assets
		Plant and equipment		Furniture and fixtures		Total
£			£		£
	Cost
	At 1 December 2024	12,356		159,064		171,420
	Additions	-		3,780		3,780
	Disposals	-		(4,283)		(4,283)
	At 30 November 2025	12,356		158,561		170,917

	Depreciation
	At 1 December 2024	9,279		103,600		112,879
	Charge for the year	615		11,412		12,027
	On disposals	-		(2,098)		(2,098)
	At 30 November 2025	9,894		112,914		122,808

	Net book value
	At 30 November 2025	2,462		45,647		48,109
	At 30 November 2024	3,077		55,464		58,541


4	Investments

Other
investments
£
	Cost
	At 1 December 2024					63,000
	Additions					109,160

	At 30 November 2025					172,160


5	Debtors			2025		2024
£					£

	Other debtors			269,309		297,459


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			119,505		170,439
	Taxation and social security costs			111,760		128,602
	Other creditors			5,389		3,955
				236,654		302,996


7	Controlling party

	The company is under the control of the director, Mr K S Wong, by virtue of his shareholdings in the company.


8	Other information

	Picchio Limited is a private company limited by shares and incorporated in England. Its registered office is:
	114 Hamlet Court Road
	Westcliff on Sea
	Essex
	SS0 7LP