Pickups Services Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Pickups Services Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pickups Services Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Pickups Services Limited , as a body, in accordance with the terms of our engagement letter dated 13 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of Pickups Services Limited and state those matters that we have agreed to state to the directors of Pickups Services Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pickups Services Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Pickups Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Pickups Services Limited . You consider that Pickups Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Pickups Services Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

17/11/2025

Crag & Co

Chartered Accountants & Chartered Tax Advisers

First Floor, Embsay Mill

Embsay

Skipton

North Yorkshire

BD23 6QR

Page 1

Page 2

Pickups Services Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 01754918

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,615,341		1,188,950
Investment Properties	5		1,815,000		1,138,503

			12,430,341		2,327,453
CURRENT ASSETS
Debtors	6	583,234		631,601
Cash at bank and in hand		126,722		30,169

		709,956		661,770
Creditors: Amounts Falling Due Within One Year	7	(256,107 )		(260,252 )

NET CURRENT ASSETS (LIABILITIES)			453,849		401,518

TOTAL ASSETS LESS CURRENT LIABILITIES			12,884,190		2,728,971

Creditors: Amounts Falling Due After More Than One Year	8		(287,528 )		(394,326 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,580,946 )		(40,864 )

NET ASSETS			10,015,716		2,293,781

CAPITAL AND RESERVES
Called up share capital	9		45,514		45,514
Revaluation reserve	11		7,600,079		-
Profit and Loss Account			2,370,123		2,248,267

SHAREHOLDERS' FUNDS			10,015,716		2,293,781

Page 2

Page 3

Pickups Services Limited

Balance Sheet (continued)

As At 31 March 2025

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mrs Ann Pickup

Director

17/11/2025

The notes on pages 4 to 7 form part of these financial statements.

Page 3

Page 4

Pickups Services Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Pickups Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01754918 . The registered office is Pickup Business Park, Grangefield Road, Stanningley, LEEDS, LS28 6JP.

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.

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:

Freehold	0%
Plant & Machinery	5% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	5% reducing balance
Computer Equipment	33% on cost

All freehold land and property are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account and transferred to the revaluation reserve.

The companys policy is to revalue freehold land and property to fair value. This policy is applied to all assets in the same class.

A RICS valuation was carried out on the freehold land and property for the year ended 31st March 2025. The revaluation gain of £9,456,941, was reflected within the profit and loss account and revaluation reserve.

Deferred tax is calculated on the fair value movement.

If the freehold land and property had been accounted for under historical cost accounting rules, the amount would be: £475,059 (2024: £475,059)

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account and transferred to the revaluation reserve.

Page 4

Page 5

Pickups Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. The pension cost charge represents contributions payable by the company to the funds and amounted to £244,161 (2024: £197,990).

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 13)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 April 2024	475,059	1,091,735	38,407	25,210
Additions	-	879	-	-
Revaluation	9,456,941	-	-	-

As at 31 March 2025	9,932,000	1,092,614	38,407	25,210

Depreciation
As at 1 April 2024	-	393,021	32,485	15,955
Provided during the period	-	34,936	1,480	463

As at 31 March 2025	-	427,957	33,965	16,418

Net Book Value
As at 31 March 2025	9,932,000	664,657	4,442	8,792

As at 1 April 2024	475,059	698,714	5,922	9,255

Page 5

Page 6

Pickups Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 April 2024	6,516	1,636,927
Additions	7,266	8,145
Revaluation	-	9,456,941

As at 31 March 2025	13,782	11,102,013

Depreciation
As at 1 April 2024	6,516	447,977
Provided during the period	1,816	38,695

As at 31 March 2025	8,332	486,672

Net Book Value
As at 31 March 2025	5,450	10,615,341

As at 1 April 2024	-	1,188,950

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	1,138,503
Revaluations	676,497

As at 31 March 2025	1,815,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,138,502	1,138,502

A professional valuation was undertaken for the investment properties for the year ended 31st March 2025. The re-valuation has been reflected within the profit and loss account and transferred to the revaluation reserve.

Deferred tax is calculated on the fair value movement.

The company policy is to revalue investment properties to fair value on an annual basis. This policy is applied to all assets in the same class.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	56,364	61,859
Other debtors	405,370	436,093

	461,734	497,952
Due after more than one year
Other debtors	121,500	133,649

	583,234	631,601

Page 6

Page 7

Pickups Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	39,355	32,028
Bank loans and overdrafts	128	-
Other creditors	41,215	14,931
Taxation and social security	175,409	213,293

	256,107	260,252

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Commercial Mortgage	287,528	394,326

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	45,514	45,514

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Paul Pickup	197,999	-	17,999	-	180,000
Mrs Ann Pickup	197,999	-	17,999	-	180,000

The above loan is unsecured, interest free and repayable on demand.

11. Reserves

	Revaluation Reserve
	£
Surplus on revaluation	7,600,079

As at 31 March 2025	7,600,079

12. Related Party Transactions

Mrs L Pickup is a director and shareholder of Pickups Services Ltd and is therefore a related party.

Mr P Pickup is a director and shareholder of Pickups Services Ltd and is therefore a related party.

As at the yearend held within Debtors: Amount falling due within one year are director loan accounts balances of:

Mrs L Pickup: £180,000

Mr P Pickup: £180,000

The loans are unsecured and repayable on demand.

13. Controlling Party

The company's controlling parties are Mr P Pickup and Mrs L Pickup by virtue of their ownership of 41% each of the issued share capital in the company.

Page 7