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Company Registration No. 12753401 (England and Wales)
Pong Corporation Limited Unaudited accounts for the year ended 31 July 2023
Pong Corporation Limited Unaudited accounts Contents
Page
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Pong Corporation Limited Company Information for the year ended 31 July 2023
Director
Ho Pong Wong
Company Number
12753401 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
Accountants
Pearl Accountants Limited Profile West, 950 Great West Road Suite 2, Floor 1 Brentford Middlesex TW8 9ES
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pong Corporation Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pong Corporation Limited for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given 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 icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Pearl Accountants Limited Chartered Accountants Profile West, 950 Great West Road Suite 2, Floor 1 Brentford Middlesex TW8 9ES 2 October 2023
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Pong Corporation Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
666 
1,733 
Current assets
Debtors
1 
1,428 
Cash at bank and in hand
50 
90 
51 
1,518 
Creditors: amounts falling due within one year
(14,173)
(14,225)
Net current liabilities
(14,122)
(12,707)
Net liabilities
(13,456)
(10,974)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(13,457)
(10,975)
Shareholders' funds
(13,456)
(10,974)
For the year ending 31 July 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2023 and were signed on its behalf by
Ho Pong Wong Director Company Registration No. 12753401
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Pong Corporation Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Pong Corporation Limited is a private company, limited by shares, registered in England and Wales, registration number 12753401. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
has been depreciated using the straight line method over 3 years.
Going concern
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 accounts. It is your duty to ensure that Code PONG CORPORATION Ltd 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 the company. You consider that Code PONG CORPORATION Ltd is exempt from the statutory audit requirement for the year. We draw your attention to note 2 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.
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Pong Corporation Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,200 
At 31 July 2023
3,200 
Depreciation
At 1 August 2022
1,467 
Charge for the year
1,067 
At 31 July 2023
2,534 
Net book value
At 31 July 2023
666 
At 31 July 2022
1,733 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,427 
Other debtors
1 
1 
1 
1,428 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
14,173 
14,212 
Accruals
- 
13 
14,173 
14,225 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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