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Company Registration No. 05139754 (England and Wales)
PAPA G LIMITED Unaudited accounts for the year ended 31 October 2023
PAPA G LIMITED Unaudited accounts Contents
Page
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PAPA G LIMITED Company Information for the year ended 31 October 2023
Director
Angelo Valentino
Company Number
05139754 (England and Wales)
Registered Office
Building 6 30 Friern Park London N12 9DA
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PAPA G LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
21,851 
19,886 
Cash at bank and in hand
- 
9,830 
21,851 
29,716 
Creditors: amounts falling due within one year
(18,058)
(4,159)
Net current assets
3,793 
25,557 
Total assets less current liabilities
3,793 
25,557 
Creditors: amounts falling due after more than one year
(23,228)
(27,453)
Net liabilities
(19,435)
(1,896)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(19,436)
(1,897)
Shareholders' funds
(19,435)
(1,896)
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Angelo Valentino Director Company Registration No. 05139754
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PAPA G LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
PAPA G LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05139754. The registered office is Building 6, 30 Friern Park, London, N12 9DA.
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:
Plant & machinery
33% straight line
Going concern
The company's financial statements are prepared on a going concern basis on the grounds that current and future sources of funding or support from the director will be continued to be received.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
35,603 
At 31 October 2023
35,603 
Depreciation
At 1 November 2022
35,603 
At 31 October 2023
35,603 
Net book value
At 31 October 2023
- 
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PAPA G LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
396 
Trade debtors
8,398 
8,398 
Other debtors
13,453 
11,092 
21,851 
19,886 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12,757 
- 
VAT
337 
- 
Taxes and social security
3,309 
3,309 
Accruals
1,655 
850 
18,058 
4,159 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,228 
27,453 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Angelo Valentino
Director's Loan
9,804 
2,362 
- 
12,166 
9,804 
2,362 
- 
12,166 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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