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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2018 to 30 June 2019 |
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for |
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PICKLIVE LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2018 to 30 June 2019 |
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for |
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PICKLIVE LIMITED |
PICKLIVE LIMITED (REGISTERED NUMBER: 07149965) |
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Contents of the Financial Statements |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PICKLIVE LIMITED |
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Company Information |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
6 - 8 Bath Street |
Bristol |
BS1 6HL |
PICKLIVE LIMITED (REGISTERED NUMBER: 07149965) |
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Balance Sheet |
30 JUNE 2019 |
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2019 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
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Tangible assets | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved and authorised for issue by the Board of Directors on
were signed on its behalf by: |
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PICKLIVE LIMITED (REGISTERED NUMBER: 07149965) |
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Notes to the Financial Statements |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard |
applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006. |
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The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
amounts in these financial statements are rounded to the nearest £. |
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The financial statements have been prepared on the historical cost convention. The principal accounting policies |
adopted are set out below: |
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Going concern |
The directors have, at the time of approving the financial statements, a reasonable expectation that the company |
has adequate resources to continue in operational existence for the foreseeable future. The company has net |
liabilities of £70,784 and will not repay the loans until the company can afford to. |
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Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives |
from the provision of services falling within the company's ordinary activities. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Development costs are being amortised evenly over their estimated useful life of 5 years. |
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Tangible fixed assets |
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Computer equipment | - |
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Cash and cash equivalents |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are |
recognised when the company becomes party to the contractual provisions of the instrument. Financial assets |
and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally |
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise |
the asset and settle the liability simultaneously. |
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Basic financial assets |
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and |
bank balances, are initially measured at transaction price including transaction costs and are subsequently carried |
at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the |
asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and |
rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but |
control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third |
party. |
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Basic financial liabilities |
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially |
recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt |
instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt |
instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial |
liabilities are derecognised when, and only when, the company's contractual obligations are discharged, |
cancelled, or they expire. |
PICKLIVE LIMITED (REGISTERED NUMBER: 07149965) |
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Notes to the Financial Statements - continued |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
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1. | ACCOUNTING POLICIES - continued |
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Taxation |
Taxation for the period comprises current tax. Tax is recognised in the Profit and Loss Account, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Research and development |
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development |
expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and |
financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the |
period from which the company is expected to benefit. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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3. | INTANGIBLE FIXED ASSETS |
Development |
costs |
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COST |
At 1 January 2018 |
and 30 June 2019 |
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AMORTISATION |
At 1 January 2018 |
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Amortisation for period |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 31 December 2017 |
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PICKLIVE LIMITED (REGISTERED NUMBER: 07149965) |
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Notes to the Financial Statements - continued |
FOR THE PERIOD 1 JANUARY 2018 TO 30 JUNE 2019 |
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
At 1 January 2018 |
and 30 June 2019 |
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DEPRECIATION |
At 1 January 2018 |
and 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 31 December 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2017 |
£ | £ |
Other loans |
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Accruals and deferred income |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2017 |
value: | £ | £ |
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Ordinary | 0.001 | 4,340 | 4,340 |