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Company Registration No. 01661605 (England and Wales)
Pittas Foods Limited Unaudited accounts for the year ended 31 December 2024
Pittas Foods Limited Unaudited accounts Contents
Page
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Pittas Foods Limited Company Information for the year ended 31 December 2024
Directors
M K Pittas P A Pittas A K Pittas A L Pittas
Secretary
P A Pittas
Company Number
01661605 (England and Wales)
Registered Office
125 Brooker Road Waltham Abbey Essex EN9 1JU
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Pittas Foods Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
958,940 
947,723 
Investments
413,934 
413,934 
1,372,874 
1,361,657 
Current assets
Inventories
210,481 
258,565 
Debtors
405,972 
423,113 
Cash at bank and in hand
1,603,206 
993,359 
2,219,659 
1,675,037 
Creditors: amounts falling due within one year
(287,191)
(229,555)
Net current assets
1,932,468 
1,445,482 
Total assets less current liabilities
3,305,342 
2,807,139 
Provisions for liabilities
Deferred tax
(212,203)
(181,448)
Net assets
3,093,139 
2,625,691 
Capital and reserves
Called up share capital
58,500 
58,500 
Capital redemption reserve
25,000 
25,000 
Profit and loss account
3,009,639 
2,542,191 
Shareholders' funds
3,093,139 
2,625,691 
For the year ending 31 December 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 6 February 2025 and were signed on its behalf by
M K Pittas Director Company Registration No. 01661605
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Pittas Foods Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Pittas Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 01661605. The registered office is 125 Brooker Road, Waltham Abbey, Essex, EN9 1JU, .
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.
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.
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.
Land & buildings
2.0833% straight line basis
Plant & machinery
25% reducing balance on non-revalued plant & machinery
Motor vehicles
Inventories
Inventories have 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Pittas Foods Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
55,740 
At 31 December 2024
55,740 
Amortisation
At 1 January 2024
55,740 
At 31 December 2024
55,740 
Net book value
At 31 December 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
290,513 
2,010,380 
2,300,893 
Additions
- 
85,512 
85,512 
At 31 December 2024
290,513 
2,095,892 
2,386,405 
Depreciation
At 1 January 2024
30,259 
1,322,911 
1,353,170 
Charge for the year
6,050 
68,245 
74,295 
At 31 December 2024
36,309 
1,391,156 
1,427,465 
Net book value
At 31 December 2024
254,204 
704,736 
958,940 
At 31 December 2023
260,254 
687,469 
947,723 
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2024
413,894 
40 
413,934 
Valuation at 31 December 2024
413,894 
40 
413,934 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
344,182 
365,818 
Other debtors
61,790 
57,295 
405,972 
423,113 
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Pittas Foods Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
89,229 
127,357 
Taxes and social security
178,977 
24,301 
Other creditors
18,985 
77,897 
287,191 
229,555 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
58,500 Ordinary shares of £1 each
58,500 
58,500 
10
Average number of employees
During the year the average number of employees was 22 (2023: 21).
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