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REGISTERED NUMBER: 05786043 (England and Wales)


Financial Statements for the Year Ended 31 May 2024

for

P & T (UK) Limited

P & T (UK) Limited (Registered number: 05786043)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P & T (UK) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr Parminder Singh
Mr Talvinder Singh





SECRETARY: Mr Talvinder Singh





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05786043 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

P & T (UK) Limited (Registered number: 05786043)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,500 32,500
Property, plant and equipment 5 7,438 9,298
39,938 41,798

CURRENT ASSETS
Inventories 40,615 40,077
Debtors 6 3,888 -
Cash at bank and in hand 21,281 16,133
65,784 56,210
CREDITORS
Amounts falling due within one year 7 41,971 45,722
NET CURRENT ASSETS 23,813 10,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,751

52,286

CREDITORS
Amounts falling due after more than one
year

8

48,185

30,000
NET ASSETS 15,566 22,286

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 15,564 22,284
SHAREHOLDERS' FUNDS 15,566 22,286

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

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

The directors acknowledge their 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.

P & T (UK) Limited (Registered number: 05786043)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Mr Talvinder Singh - Director


P & T (UK) Limited (Registered number: 05786043)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

P & T (UK) 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 represents net sales of goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 32,500
NET BOOK VALUE
At 31 May 2024 32,500
At 31 May 2023 32,500

P & T (UK) Limited (Registered number: 05786043)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 23,240
DEPRECIATION
At 1 June 2023 13,942
Charge for year 1,860
At 31 May 2024 15,802
NET BOOK VALUE
At 31 May 2024 7,438
At 31 May 2023 9,298

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,888 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 26,623 25,862
Taxation and social security 11,042 12,534
Other creditors 4,306 7,326
41,971 45,722

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 48,185 30,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

P & T (UK) Limited (Registered number: 05786043)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. RELATED PARTY DISCLOSURES

During the year, the company has paid rent of £16,800 (2023 : £16,800) in respect of the business property owned by the directors.