Pilita Ltd

2021-04-012022-03-312022-03-31false10532868Pilita Ltd2023-04-3056103iso4217:GBPxbrli:pure105328682021-04-01105328682022-03-31105328682021-04-012022-03-31105328682020-04-01105328682021-03-31105328682020-04-012021-03-3110532868bus:SmallEntities2021-04-012022-03-3110532868bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3110532868bus:AbridgedAccounts2021-04-012022-03-3110532868bus:PrivateLimitedCompanyLtd2021-04-012022-03-3110532868core:WithinOneYear2022-03-3110532868core:AfterOneYear2022-03-3110532868core:WithinOneYear2021-03-3110532868core:AfterOneYear2021-03-3110532868core:ShareCapital2022-03-3110532868core:SharePremium2022-03-3110532868core:RevaluationReserve2022-03-3110532868core:OtherReservesSubtotal2022-03-3110532868core:RetainedEarningsAccumulatedLosses2022-03-3110532868core:ShareCapital2021-03-3110532868core:SharePremium2021-03-3110532868core:RevaluationReserve2021-03-3110532868core:OtherReservesSubtotal2021-03-3110532868core:RetainedEarningsAccumulatedLosses2021-03-3110532868core:LandBuildings2022-03-3110532868core:PlantMachinery2022-03-3110532868core:Vehicles2022-03-3110532868core:FurnitureFittings2022-03-3110532868core:OfficeEquipment2022-03-3110532868core:NetGoodwill2022-03-3110532868core:IntangibleAssetsOtherThanGoodwill2022-03-3110532868core:ListedExchangeTraded2022-03-3110532868core:UnlistedNon-exchangeTraded2022-03-3110532868core:LandBuildings2021-03-3110532868core:PlantMachinery2021-03-3110532868core:Vehicles2021-03-3110532868core:FurnitureFittings2021-03-3110532868core:OfficeEquipment2021-03-3110532868core:NetGoodwill2021-03-3110532868core:IntangibleAssetsOtherThanGoodwill2021-03-3110532868core:ListedExchangeTraded2021-03-3110532868core:UnlistedNon-exchangeTraded2021-03-3110532868core:LandBuildings2021-04-012022-03-3110532868core:PlantMachinery2021-04-012022-03-3110532868core:Vehicles2021-04-012022-03-3110532868core:FurnitureFittings2021-04-012022-03-3110532868core:OfficeEquipment2021-04-012022-03-3110532868core:NetGoodwill2021-04-012022-03-3110532868core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3110532868core:ListedExchangeTraded2021-04-012022-03-3110532868core:UnlistedNon-exchangeTraded2021-04-012022-03-3110532868core:MoreThanFiveYears2021-04-012022-03-3110532868core:Non-currentFinancialInstruments2022-03-3110532868core:Non-currentFinancialInstruments2021-03-3110532868dpl:CostSales2021-04-012022-03-3110532868dpl:DistributionCosts2021-04-012022-03-3110532868dpl:AdministrativeExpenses2021-04-012022-03-3110532868core:LandBuildings2021-04-012022-03-3110532868core:PlantMachinery2021-04-012022-03-3110532868core:Vehicles2021-04-012022-03-3110532868core:FurnitureFittings2021-04-012022-03-3110532868core:OfficeEquipment2021-04-012022-03-3110532868core:NetGoodwill2021-04-012022-03-3110532868core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3110532868dpl:GroupUndertakings2021-04-012022-03-3110532868dpl:ParticipatingInterests2021-04-012022-03-3110532868dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3110532868core:ListedExchangeTraded2021-04-012022-03-3110532868dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3110532868core:UnlistedNon-exchangeTraded2021-04-012022-03-3110532868dpl:CostSales2020-04-012021-03-3110532868dpl:DistributionCosts2020-04-012021-03-3110532868dpl:AdministrativeExpenses2020-04-012021-03-3110532868core:LandBuildings2020-04-012021-03-3110532868core:PlantMachinery2020-04-012021-03-3110532868core:Vehicles2020-04-012021-03-3110532868core:FurnitureFittings2020-04-012021-03-3110532868core:OfficeEquipment2020-04-012021-03-3110532868core:NetGoodwill2020-04-012021-03-3110532868core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3110532868dpl:GroupUndertakings2020-04-012021-03-3110532868dpl:ParticipatingInterests2020-04-012021-03-3110532868dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3110532868core:ListedExchangeTraded2020-04-012021-03-3110532868dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3110532868core:UnlistedNon-exchangeTraded2020-04-012021-03-3110532868core:NetGoodwill2022-03-3110532868core:IntangibleAssetsOtherThanGoodwill2022-03-3110532868core:LandBuildings2022-03-3110532868core:PlantMachinery2022-03-3110532868core:Vehicles2022-03-3110532868core:FurnitureFittings2022-03-3110532868core:OfficeEquipment2022-03-3110532868core:AfterOneYear2022-03-3110532868core:WithinOneYear2022-03-3110532868core:ListedExchangeTraded2022-03-3110532868core:UnlistedNon-exchangeTraded2022-03-3110532868core:ShareCapital2022-03-3110532868core:SharePremium2022-03-3110532868core:RevaluationReserve2022-03-3110532868core:OtherReservesSubtotal2022-03-3110532868core:RetainedEarningsAccumulatedLosses2022-03-3110532868core:NetGoodwill2021-03-3110532868core:IntangibleAssetsOtherThanGoodwill2021-03-3110532868core:LandBuildings2021-03-3110532868core:PlantMachinery2021-03-3110532868core:Vehicles2021-03-3110532868core:FurnitureFittings2021-03-3110532868core:OfficeEquipment2021-03-3110532868core:AfterOneYear2021-03-3110532868core:WithinOneYear2021-03-3110532868core:ListedExchangeTraded2021-03-3110532868core:UnlistedNon-exchangeTraded2021-03-3110532868core:ShareCapital2021-03-3110532868core:SharePremium2021-03-3110532868core:RevaluationReserve2021-03-3110532868core:OtherReservesSubtotal2021-03-3110532868core:RetainedEarningsAccumulatedLosses2021-03-3110532868core:NetGoodwill2020-04-0110532868core:IntangibleAssetsOtherThanGoodwill2020-04-0110532868core:LandBuildings2020-04-0110532868core:PlantMachinery2020-04-0110532868core:Vehicles2020-04-0110532868core:FurnitureFittings2020-04-0110532868core:OfficeEquipment2020-04-0110532868core:AfterOneYear2020-04-0110532868core:WithinOneYear2020-04-0110532868core:ListedExchangeTraded2020-04-0110532868core:UnlistedNon-exchangeTraded2020-04-0110532868core:ShareCapital2020-04-0110532868core:SharePremium2020-04-0110532868core:RevaluationReserve2020-04-0110532868core:OtherReservesSubtotal2020-04-0110532868core:RetainedEarningsAccumulatedLosses2020-04-0110532868core:AfterOneYear2021-04-012022-03-3110532868core:WithinOneYear2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:CostValuation2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3110532868core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3110532868core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3110532868core:Non-currentFinancialInstrumentscore:CostValuation2021-03-3110532868core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-03-3110532868core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-03-3110532868core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-03-3110532868core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-03-3110532868core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-03-3110532868core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-03-3110532868core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-03-3110532868core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-03-3110532868bus:Director12021-04-012022-03-31

Pilita Ltd

Registered Number
10532868
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

Pilita Ltd

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	Mr Thomas Cash


Registered Address	Suite 8, The Monument
	45-47 Monument Hill
	Weybridge
	KT13 8RN


Place of Business	2A Hudson Road
	Woodley
	Reading
	RG5 4EW


Registered Number	10532868 (England and Wales)

Pilita Ltd

Balance Sheet as at
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		62,067		42,104
			62,067		42,104
Current assets
Debtors		92,708		126,066
Cash at bank and on hand		331,243		216,099
		423,951		342,165
Creditors amounts falling due within one year		(156,949)		(107,585)
Net current assets (liabilities)			267,002		234,580
Total assets less current liabilities			329,069		276,684
Creditors amounts falling due after one year			(142,544)		(145,000)
Provisions for liabilities			(2,512)		-
Net assets			184,013		131,684
Capital and reserves
Called up share capital			100		100
Profit and loss account			183,913		131,584
Shareholders' funds			184,013		131,684

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 30 April 2023, and are signed on its behalf by:

Mr Thomas Cash
Director
Registered Company No. 10532868

Pilita Ltd

Notes to the Financial Statements
for the year ended 31 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	20

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Deferred tax policy
	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.

Deferred tax policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	11		16

5.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 April 21	53,710
	Additions	39,549
	At 31 March 22	76,978
	Depreciation and impairment
	At 01 April 21	11,605
	Charge for year	19,587
	At 31 March 22	14,911
	Net book value
	At 31 March 22	62,067
	At 31 March 21	42,104