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REGISTERED NUMBER: 10328918 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PLATINUM FOOD PARTNERS LIMITED

PLATINUM FOOD PARTNERS LIMITED (REGISTERED NUMBER: 10328918)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLATINUM FOOD PARTNERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: J Dalziel





REGISTERED OFFICE: 10 Easton Close
Preston
Lancashire
PR2 9HS





REGISTERED NUMBER: 10328918 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

PLATINUM FOOD PARTNERS LIMITED (REGISTERED NUMBER: 10328918)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 9,000
Tangible assets 5 24,167 28,459
30,167 37,459

CURRENT ASSETS
Stocks 6 4,127 7,000
Debtors 7 343,455 793,131
Cash at bank and in hand 349,022 159,569
696,604 959,700
CREDITORS
Amounts falling due within one year 8 266,172 407,299
NET CURRENT ASSETS 430,432 552,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,599

589,860

CREDITORS
Amounts falling due after more than one
year

9

14,822

24,217
NET ASSETS 445,777 565,643

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 445,677 565,543
445,777 565,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PLATINUM FOOD PARTNERS LIMITED (REGISTERED NUMBER: 10328918)

BALANCE SHEET - continued
31 August 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 director and authorised for issue on 14 January 2025 and were signed by:





J Dalziel - Director


PLATINUM FOOD PARTNERS LIMITED (REGISTERED NUMBER: 10328918)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Platinum Food Partners Limited is a private company, limited by shares , registered in England and Wales. 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.

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 - 10% on reducing balance
Motor vehicles - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 11 ) .

PLATINUM FOOD PARTNERS LIMITED (REGISTERED NUMBER: 10328918)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023 21,000
Amortisation for year 3,000
At 31 August 2024 24,000
NET BOOK VALUE
At 31 August 2024 6,000
At 31 August 2023 9,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 20,357 13,999 34,356
DEPRECIATION
At 1 September 2023 5,430 467 5,897
Charge for year 1,493 2,799 4,292
At 31 August 2024 6,923 3,266 10,189
NET BOOK VALUE
At 31 August 2024 13,434 10,733 24,167
At 31 August 2023 14,927 13,532 28,459

6. STOCKS
2024 2023
£    £   
Stocks 4,127 7,000

PLATINUM FOOD PARTNERS LIMITED (REGISTERED NUMBER: 10328918)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 299,336 752,047
Amounts owed by associates - 120
Other debtors 1,096 949
VAT 12,680 15,604
Prepayments 30,343 24,411
343,455 793,131

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,597 9,960
Trade creditors 244,213 336,516
Tax (9,056 ) 9,056
Social security and other taxes 639 (2,282 )
Other creditors 105 2,157
Directors' current accounts 20,674 51,892
266,172 407,299

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 14,822 24,217