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REGISTERED NUMBER: SC277689 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

P K FOODS (GLASGOW) LTD.

P K FOODS (GLASGOW) LTD. (REGISTERED NUMBER: SC277689)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P K FOODS (GLASGOW) LTD.

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D Mirshemirani
J Stevenson





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC277689 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

P K FOODS (GLASGOW) LTD. (REGISTERED NUMBER: SC277689)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 610,927 647,161

CURRENT ASSETS
Stocks 63,753 54,640
Debtors 5 464,003 449,051
Cash at bank and in hand 196,741 270,506
724,497 774,197
CREDITORS
Amounts falling due within one year 6 637,982 606,329
NET CURRENT ASSETS 86,515 167,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,442

815,029

CREDITORS
Amounts falling due after more than one
year

7

339,047

446,830
NET ASSETS 358,395 368,199

CAPITAL AND RESERVES
Called up share capital 35 35
Capital redemption reserve 18 18
Other reserves 13,551 13,551
Retained earnings 344,791 354,595
SHAREHOLDERS' FUNDS 358,395 368,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 K FOODS (GLASGOW) LTD. (REGISTERED NUMBER: SC277689)

Balance Sheet - continued
30 APRIL 2024


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 23 October 2024 and were signed on its behalf by:





J Stevenson - Director


P K FOODS (GLASGOW) LTD. (REGISTERED NUMBER: SC277689)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

P K Foods (Glasgow) Ltd. is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33% on a reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

P K FOODS (GLASGOW) LTD. (REGISTERED NUMBER: SC277689)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 1,020,217 7,503 57,250 15,068 1,100,038
Additions 32,860 8,020 37,250 250 78,380
At 30 April 2024 1,053,077 15,523 94,500 15,318 1,178,418
DEPRECIATION
At 1 May 2023 399,841 5,770 41,568 5,698 452,877
Charge for year 96,119 2,149 13,233 3,113 114,614
At 30 April 2024 495,960 7,919 54,801 8,811 567,491
NET BOOK VALUE
At 30 April 2024 557,117 7,604 39,699 6,507 610,927
At 30 April 2023 620,376 1,733 15,682 9,370 647,161

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2011 13,551 - - - 13,551
Cost 1,039,526 15,523 94,500 15,318 1,164,867
1,053,077 15,523 94,500 15,318 1,178,418

Plant and machinery has been revalued by the directors on an open market basis as at 30 April 2011.

P K FOODS (GLASGOW) LTD. (REGISTERED NUMBER: SC277689)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 434,363 373,128
Other debtors 29,640 75,923
464,003 449,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 20,772 17,856
Trade creditors 430,865 432,700
Taxation and social security 20,072 9,500
Other creditors 156,273 136,273
637,982 606,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 52,992 42,334
Other creditors 274,388 382,829
339,047 446,830