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Company Registration No. 01661605 (England and Wales)
Pittas Foods Limited Unaudited accounts for the year ended 31 December 2023
Pittas Foods Limited Unaudited accounts Contents
Page
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Pittas Foods Limited Company Information for the year ended 31 December 2023
Directors
M K Pittas P A Pittas A K Pittas A L Pittas
Secretary
P A Pittas
Company Number
01661605 (England and Wales)
Registered Office
125 Brooker Road Waltham Abbey Essex EN9 1JU
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Pittas Foods Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
11,148 
Tangible assets
947,723 
944,892 
Investments
413,934 
413,934 
1,361,657 
1,369,974 
Current assets
Inventories
258,565 
281,517 
Debtors
423,113 
359,477 
Cash at bank and in hand
993,359 
544,945 
1,675,037 
1,185,939 
Creditors: amounts falling due within one year
(229,555)
(227,102)
Net current assets
1,445,482 
958,837 
Total assets less current liabilities
2,807,139 
2,328,811 
Provisions for liabilities
Deferred tax
(181,448)
(148,632)
Net assets
2,625,691 
2,180,179 
Capital and reserves
Called up share capital
58,500 
58,500 
Capital redemption reserve
25,000 
25,000 
Profit and loss account
2,542,191 
2,096,679 
Shareholders' funds
2,625,691 
2,180,179 
For the year ending 31 December 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 directors acknowledge 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 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 of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by
M K Pittas Director Company Registration No. 01661605
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Pittas Foods Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Pittas Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 01661605. The registered office is 125 Brooker Road, Waltham Abbey, Essex, EN9 1JU, .
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover 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 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.
Land & buildings
2.0833% straight line basis
Plant & machinery
25% reducing balance on non-revalued plant & machinery
Motor vehicles
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Pittas Foods Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
55,740 
At 31 December 2023
55,740 
Amortisation
At 1 January 2023
44,592 
Charge for the year
11,148 
At 31 December 2023
55,740 
Net book value
At 31 December 2023
- 
At 31 December 2022
11,148 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
290,513 
1,937,271 
21,997 
2,249,781 
Additions
- 
73,109 
- 
73,109 
Disposals
- 
- 
(21,997)
(21,997)
At 31 December 2023
290,513 
2,010,380 
- 
2,300,893 
Depreciation
At 1 January 2023
24,209 
1,260,422 
20,258 
1,304,889 
Charge for the year
6,050 
62,489 
- 
68,539 
On disposals
- 
- 
(20,258)
(20,258)
At 31 December 2023
30,259 
1,322,911 
- 
1,353,170 
Net book value
At 31 December 2023
260,254 
687,469 
- 
947,723 
At 31 December 2022
266,304 
676,849 
1,739 
944,892 
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2023
413,894 
40 
413,934 
Valuation at 31 December 2023
413,894 
40 
413,934 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
365,818 
314,966 
Other debtors
57,295 
44,511 
423,113 
359,477 
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Pittas Foods Limited Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
127,357 
119,617 
Taxes and social security
24,301 
23,001 
Other creditors
77,897 
84,484 
229,555 
227,102 
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
181,448 
148,632 
2023 
2022 
£ 
£ 
Provision at start of year
148,632 
55,758 
Charged to the profit and loss account
32,816 
92,874 
Provision at end of year
181,448 
148,632 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
58,500 Ordinary shares of £1 each
58,500 
58,500 
11
Average number of employees
During the year the average number of employees was 21 (2022: 21).
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