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
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
Company Number
01661605 (England and Wales)
Registered Office
125 Brooker Road
Waltham Abbey
Essex
EN9 1JU
Pittas Foods Limited
Statement of financial position
as at 31 December 2024
Tangible assets
958,940
947,723
Investments
413,934
413,934
Inventories
210,481
258,565
Cash at bank and in hand
1,603,206
993,359
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
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
Pittas Foods Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
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.
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
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pittas Foods Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
At 31 December 2024
55,740
At 31 December 2024
55,740
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
At 31 December 2024
290,513
2,095,892
2,386,405
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
At 31 December 2024
254,204
704,736
958,940
At 31 December 2023
260,254
687,469
947,723
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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
Amounts falling due within one year
Trade debtors
344,182
365,818
Other debtors
61,790
57,295
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
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).