Company Registration No. 6785941 (England and Wales)
Pil Sung Do Limited
Unaudited accounts
for the year ended 31 January 2024
Pil Sung Do Limited
Unaudited accounts
Contents
Pil Sung Do Limited
Company Information
for the year ended 31 January 2024
Directors
Nigel Glossop
Sarah Glossop
Company Number
6785941 (England and Wales)
Registered Office
SUITE 120 RAILWAY HOUSE
14 CHERTSEY ROAD
WOKING
SURREY
GU21 5AH
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
Pil Sung Do Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
2,996
5,511
Creditors: amounts falling due within one year
(25,722)
(12,193)
Net current (liabilities)/assets
(6,964)
4,318
Total assets less current liabilities
(6,786)
4,555
Creditors: amounts falling due after more than one year
(9,941)
(11,658)
Net liabilities
(16,727)
(7,103)
Called up share capital
2
2
Profit and loss account
(16,729)
(7,105)
Shareholders' funds
(16,727)
(7,103)
For the year ending 31 January 2024 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 10 September 2024 and were signed on its behalf by
Nigel Glossop
Director
Company Registration No. 6785941
Pil Sung Do Limited
Notes to the Accounts
for the year ended 31 January 2024
Pil Sung Do Limited is a private company, limited by shares, registered in England and Wales, registration number 6785941. The registered office is SUITE 120 RAILWAY HOUSE, 14 CHERTSEY ROAD, WOKING, SURREY, GU21 5AH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33.3% SL
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
These accounts have been prepared on the going concern basis. The director has confirmed continued support and considers the company retains sufficient working capital to continue trading for the foreseeable future.
Pil Sung Do Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
15,762
11,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,716
1,674
Other creditors
21,303
5,848
Loans from directors
2,703
1,673
7
Creditors: amounts falling due after more than one year
2024
2023
Bounceback loan received 12 May 2020 in the amount of £16,000. First year charges and interest is borne by the UK government, thereafter interest bearing at 2.5% and repayable over a 5 year term. The loan is unsecured.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).