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REGISTERED NUMBER: 12053576 (England and Wales)


Financial Statements for the Year Ended 30 June 2024

for

PTFG Limited

PTFG Limited (Registered number: 12053576)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PTFG Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Rajvinder Bhandal
Mr Jestinder Bhandal





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 12053576 (England and Wales)





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

PTFG Limited (Registered number: 12053576)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 95,807 100,020

CURRENT ASSETS
Inventories 28,950 16,859
Debtors 5 206,591 197,843
Cash at bank and in hand 124,787 85,573
360,328 300,275
CREDITORS
Amounts falling due within one year 6 102,126 46,323
NET CURRENT ASSETS 258,202 253,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,009

353,972

CREDITORS
Amounts falling due after more than one
year

7

57,341

76,608
NET ASSETS 296,668 277,364

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 296,666 277,362
SHAREHOLDERS' FUNDS 296,668 277,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PTFG Limited (Registered number: 12053576)

Statement of Financial Position - continued
30 June 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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Mr Jestinder Bhandal - Director


PTFG Limited (Registered number: 12053576)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

PTFG 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
Revenue 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 etc - 15% 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 34 (2023 - 39 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023 127,433
Additions 12,693
At 30 June 2024 140,126
DEPRECIATION
At 1 July 2023 27,413
Charge for year 16,906
At 30 June 2024 44,319
NET BOOK VALUE
At 30 June 2024 95,807
At 30 June 2023 100,020

PTFG Limited (Registered number: 12053576)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 5,321 6,573
Other debtors 201,270 191,270
206,591 197,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 43,243 3,728
Taxation and social security 56,747 40,799
Other creditors 2,136 1,796
102,126 46,323

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 17,956 27,956
Hire purchase contracts 39,385 48,652
57,341 76,608

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 39,385 48,652

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2