Registered number
10993435
Pangratiou Limited
Filleted Accounts
31 October 2023
Pangratiou Limited
Registered number: 10993435
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Stocks - 1,370
Debtors 3 68,886 59,733
Cash at bank and in hand 28,171 22,602
97,057 83,705
Creditors: amounts falling due within one year 4 (85,620) (63,811)
Net current assets 11,437 19,894
Total assets less current liabilities 11,437 19,894
Creditors: amounts falling due after more than one year 5 (10,680) (18,595)
Net assets 757 1,299
Capital and reserves
Called up share capital 100 100
Profit and loss account 657 1,199
Shareholder's funds 757 1,299
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M A Pangratiou
Director
Approved by the board on 10 July 2024
Pangratiou Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 50,101 50,101
Other debtors 18,785 9,632
68,886 59,733
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,844 8,844
Amounts owed to group undertakings and undertakings in which the company has a participating interest 66,867 1,330
Taxation and social security costs 2,746 3,450
Other creditors 7,163 50,187
85,620 63,811
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,680 18,595
6 Controlling party
The company is controlled by Mr M A Pangratiou on the basis that he holds 100% of the ordinary issued share capital of the company.
7 Other information
Pangratiou Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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