Pyke Smith & Cutler Limited - Filleted accounts

Registered number

04540525

Pyke Smith & Cutler Limited

Unaudited Filleted Accounts

31 August 2026

Pyke Smith & Cutler Limited
Registered number:		04540525
Balance Sheet
as at 31 August 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		2,827			3,777

Current assets
Debtors	6	79,534			77,348
Investments held as current assets	7	250,000			200,000
Cash at bank and in hand		302,942			349,938
		632,476			627,286

Creditors: amounts falling due within one year	8	(200,036)			(220,880)

Net current assets			432,440			406,406

Total assets less current liabilities			435,267			410,183


Provisions for liabilities			(707)			(944)


Net assets			434,560			409,239

Capital and reserves
Called up share capital			10,300			10,300
Share premium			109,800			109,800
Profit and loss account			314,460			289,139

Shareholders' funds			434,560			409,239

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.


P A Cutler
Director
Approved by the board on 15 September 2026

Pyke Smith & Cutler Limited
Notes to the Accounts
for the year ended 31 August 2026


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:

	Fixtures, fittings, tools and equipment	25% per annum reducing balance

	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.

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


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		4		4


3	Intangible fixed assets				Goodwill
£

	Cost
	At 1 September 2025				240,000
	At 31 August 2026				240,000

	Amortisation
	At 1 September 2025				240,000
	At 31 August 2026				240,000

	Net book value
	At 31 August 2026				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 September 2025				16,376
	At 31 August 2026				16,376

	Depreciation
	At 1 September 2025				12,599
	Charge for the year				950
	At 31 August 2026				13,549

	Net book value
	At 31 August 2026				2,827
	At 31 August 2025				3,777


5	Cash at bank		2026		2025
£				£

	Cash at bank and in hand		552,942		549,938


			552,942		549,938

	The company is regulated by the Financial Conduct Authority (FCA). As required by the FCA, client monies are held in a non-statutory trust client bank account. The use and governance of the balances held within this account is determined by a trust deed and by the FCA's client asset rules book (CASS). The cash at bank and in hand as at 31 August 2026 includes £127,599 (2025 £147,191) of client monies held in a non-statutory trust client bank account. At the year end the company's insurance broking assets and liabilities were as follows:

			2026		2025
£				£

	Cash at bank and in hand		127,599		147,191
	Insurance debtors		63,531		65,876
	Insurance creditors		(173,514)		(182,867)
	Excess of insurance broking assets over liabilities		17,616		30,200



6	Debtors		2026		2025
£				£

	Trade debtors		63,531		65,876
	Other debtors		16,003		11,472
			79,534		77,348


7	Investments held as current assets		2026		2025
£				£
	Fair value
	Unlisted investments		250,000		200,000


8	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		173,514		182,868
	Taxation and social security costs		23,829		28,038
	Other creditors		2,693		9,974
			200,036		220,880


9	Other information

	Pyke Smith & Cutler Limited is a private company limited by shares and incorporated in England. Its registered office is:

	328 Wellingborough Road
	Northampton
	Northamptonshire
	NN1 4EP