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REGISTERED NUMBER: 05786043 (England and Wales)


Financial Statements for the Year Ended 31 May 2023

for

P & T (UK) Limited

P & T (UK) Limited (Registered number: 05786043)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P & T (UK) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr Parminder Singh
Mr Talvinder Singh





SECRETARY: Mr Talvinder Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05786043 (England and Wales)





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

P & T (UK) Limited (Registered number: 05786043)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,500 32,500
Property, plant and equipment 5 9,298 11,623
41,798 44,123

CURRENT ASSETS
Inventories 40,077 38,215
Cash at bank and in hand 16,133 20,537
56,210 58,752
CREDITORS
Amounts falling due within one year 6 45,722 26,528
NET CURRENT ASSETS 10,488 32,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,286

76,347

CREDITORS
Amounts falling due after more than one
year

7

30,000

55,040
NET ASSETS 22,286 21,307

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 22,284 21,305
SHAREHOLDERS' FUNDS 22,286 21,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

P & T (UK) Limited (Registered number: 05786043)

Statement of Financial Position - continued
31 May 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 January 2024 and were signed on its behalf by:





Mr Talvinder Singh - Director


P & T (UK) Limited (Registered number: 05786043)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

P & T (UK) 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
Turnover represents net sales of goods, excluding value added tax.

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.

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 - 20% 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 4 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 32,500
NET BOOK VALUE
At 31 May 2023 32,500
At 31 May 2022 32,500

P & T (UK) Limited (Registered number: 05786043)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 23,240
DEPRECIATION
At 1 June 2022 11,617
Charge for year 2,325
At 31 May 2023 13,942
NET BOOK VALUE
At 31 May 2023 9,298
At 31 May 2022 11,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 25,862 6,004
Taxation and social security 12,534 16,154
Other creditors 7,326 4,370
45,722 26,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 30,000 55,040

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

During the year, the company has paid rent of £16,800 (2022 : £16,800) in respect of the business property owned by the directors.