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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
Page
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PMP FOODS LTD Company Information for the year ended 31 January 2024
Director
Parveen Salota
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
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PMP FOODS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
67,074 
67,074 
Tangible assets
83,114 
90,914 
150,188 
157,988 
Current assets
Inventories
119,185 
85,685 
Debtors
28,676 
29,435 
Cash at bank and in hand
11,620 
44,298 
159,481 
159,418 
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)
Net assets
80,020 
67,870 
Capital and reserves
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
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PMP FOODS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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.
Turnover
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
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
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
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.
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PMP FOODS LTD Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 February 2023
67,073 
1 
67,074 
At 31 January 2024
67,073 
1 
67,074 
Amortisation
At 1 February 2023
- 
- 
- 
At 31 January 2024
- 
- 
- 
Net book value
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 
Additions
- 
1,500 
1,500 
At 31 January 2024
2,500 
116,872 
119,372 
Depreciation
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 
Net book value
At 31 January 2024
1,806 
81,308 
83,114 
At 31 January 2023
2,092 
88,822 
90,914 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
555 
- 
Accrued income and prepayments
8,121 
9,435 
Other debtors
20,000 
20,000 
28,676 
29,435 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
107 
Trade creditors
50,306 
58,197 
Taxes and social security
107 
107 
Loans from directors
150,000 
150,000 
Accruals
1,500 
3,500 
201,913 
211,911 
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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 
£ 
£ 
Bank loans
27,736 
37,625 
9
Share capital
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).
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