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REGISTERED NUMBER: 12053576 (England and Wales)


Financial Statements for the Year Ended 30 June 2023

for

PTFG Limited

PTFG Limited (Registered number: 12053576)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PTFG Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr Rajvinder Bhandal
Mr Jestinder Bhandal





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 12053576 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

PTFG Limited (Registered number: 12053576)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 100,020 37,590

CURRENT ASSETS
Inventories 16,859 11,590
Debtors 5 197,843 141,270
Cash at bank and in hand 85,573 165,732
300,275 318,592
CREDITORS
Amounts falling due within one year 6 46,323 77,988
NET CURRENT ASSETS 253,952 240,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,972

278,194

CREDITORS
Amounts falling due after more than one
year

7

76,608

37,956
NET ASSETS 277,364 240,238

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 277,362 240,236
SHAREHOLDERS' FUNDS 277,364 240,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

PTFG Limited (Registered number: 12053576)

Statement of Financial Position - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mr Jestinder Bhandal - Director


PTFG Limited (Registered number: 12053576)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

PTFG 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 38 ) .

PTFG Limited (Registered number: 12053576)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022 47,650
Additions 79,783
At 30 June 2023 127,433
DEPRECIATION
At 1 July 2022 10,060
Charge for year 17,353
At 30 June 2023 27,413
NET BOOK VALUE
At 30 June 2023 100,020
At 30 June 2022 37,590

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 6,573 -
Other debtors 191,270 141,270
197,843 141,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 3,728 3,216
Taxation and social security 40,799 73,376
Other creditors 1,796 1,396
46,323 77,988

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 27,956 37,956
Hire purchase contracts 48,652 -
76,608 37,956

PTFG Limited (Registered number: 12053576)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 48,652 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2