Company Registration No. 12442468 (England and Wales)
PMP FOODS LTD
Unaudited accounts
for the year ended 31 January 2024
PMP FOODS LTD
Unaudited accounts
Contents
PMP FOODS LTD
Company Information
for the year ended 31 January 2024
Company Number
12442468 (England and Wales)
Registered Office
15 BARGATE DRIVE
WOLVERHAMPTON
WV6 0QW
ENGLAND
Accountants
AV Professional Services Ltd
5 Eliot Drive
Harrow
Middlesex
HA2 0UP
PMP FOODS LTD
Statement of financial position
as at 31 January 2024
Intangible assets
67,074
67,074
Tangible assets
83,114
90,914
Inventories
119,185
85,685
Cash at bank and in hand
11,620
44,298
Creditors: amounts falling due within one year
(201,913)
(211,911)
Net current liabilities
(42,432)
(52,493)
Total assets less current liabilities
107,756
105,495
Creditors: amounts falling due after more than one year
(27,736)
(37,625)
Called up share capital
100
100
Profit and loss account
79,920
67,770
Shareholders' funds
80,020
67,870
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 director acknowledges her 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 21 November 2024 and were signed on its behalf by
Parveen Salota
Director
Company Registration No. 12442468
PMP FOODS LTD
Notes to the Accounts
for the year ended 31 January 2024
PMP FOODS LTD is a private company, limited by shares, registered in England and Wales, registration number 12442468. The registered office is 15 BARGATE DRIVE, WOLVERHAMPTON, WV6 0QW, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
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:
Motor vehicles
15% on straight line
Fixtures & fittings
10% reducing balance
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
PMP FOODS LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2023
67,073
1
67,074
At 31 January 2024
67,073
1
67,074
At 31 January 2024
67,073
1
67,074
At 31 January 2023
67,073
1
67,074
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
2,500
115,372
117,872
At 31 January 2024
2,500
116,872
119,372
At 1 February 2023
408
26,550
26,958
Charge for the year
286
9,014
9,300
At 31 January 2024
694
35,564
36,258
At 31 January 2024
1,806
81,308
83,114
At 31 January 2023
2,092
88,822
90,914
Amounts falling due within one year
Accrued income and prepayments
8,121
9,435
Other debtors
20,000
20,000
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
50,306
58,197
Taxes and social security
107
107
Loans from directors
150,000
150,000
PMP FOODS LTD
Notes to the Accounts
for the year ended 31 January 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).