REGISTERED NUMBER: 03244067 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Pick Enterprises Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTORS:

Mrs J S E Pick

D C Pick

SECRETARY:

Mrs J S E Pick

REGISTERED OFFICE:

177 Nyetimber Lane

Bognor Regis

West Sussex

PO21 3HT

REGISTERED NUMBER:

03244067 (England and Wales)

ACCOUNTANTS:

Year-End Resolutions Ltd

177 Nyetimber Lane

Bognor Regis

West Sussex

PO21 3HT

FIXED ASSETS

Property, plant and equipment

4

294

392

CURRENT ASSETS

Debtors

5

13,133

11,257

Cash at bank

1,013

381

14,146

11,638

CREDITORS

Amounts falling due within one year

6

52,268

53,561

NET CURRENT LIABILITIES

(38,122

)

(41,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,828

)

(41,531

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(37,830

)

(41,533

)

SHAREHOLDERS' FUNDS

(37,828

)

(41,531

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 November 2018 and were signed on its behalf by:

Mrs J S E Pick - Director

1.	STATUTORY INFORMATION

Pick Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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 etc

-

50% on cost and 25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

13,554

DEPRECIATION

At 1 April 2017

13,162

Charge for year

98

At 31 March 2018

13,260

NET BOOK VALUE

At 31 March 2018

294

At 31 March 2017

392

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

12,913

11,037

Other debtors

220

220

13,133

11,257

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

2,766

5,063

Taxation and social security

4,735

7,162

Other creditors

44,767

41,336

52,268

53,561

7.	RELATED PARTY DISCLOSURES

The company paid management fees in the sum of £xxxxx (2016: £2,790) to the director J Pick's personal

business.

The company charged director's fees of £8,741 (2017: £12,741) to Vintage Entertainment Limited, a company in

which the directors are also directors and shareholders. The amount outstanding at the balance sheet date is

£12,840 (2017: £11,347).

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pick Enterprises Limited for the year ended 31 March 2018 which comprise the Income

Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the

related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pick Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pick Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Pick Enterprises Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of Pick Enterprises 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 statutory financial statements.

Year-End Resolutions Ltd

177 Nyetimber Lane

Bognor Regis

West Sussex

PO21 3HT

19 November 2018