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REGISTERED NUMBER: 10810180 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A K PAPADAMOU & CO LIMITED

A K PAPADAMOU & CO LIMITED (REGISTERED NUMBER: 10810180)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A K PAPADAMOU & CO LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M W Dawes
A M Joannou
A Muhammad



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 10810180 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: National Westminster Bank PLC
309 High Street
West Bromwich
West Midlands
B70 8LX

A K PAPADAMOU & CO LIMITED (REGISTERED NUMBER: 10810180)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 341,329 348,143
Tangible assets 5 12,210 14,157
353,539 362,300

CURRENT ASSETS
Debtors 6 48,666 57,946
Cash at bank and in hand 55,202 53,331
103,868 111,277
CREDITORS
Amounts falling due within one year 7 261,735 234,668
NET CURRENT LIABILITIES (157,867 ) (123,391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,672

238,909

CREDITORS
Amounts falling due after more than one
year

8

115,482

142,115
NET ASSETS 80,190 96,794

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 80,091 96,695
80,190 96,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

A K PAPADAMOU & CO LIMITED (REGISTERED NUMBER: 10810180)

Statement of Financial Position - continued
31 March 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 20 March 2025 and were signed on its behalf by:




M W Dawes - Director A M Joannou - Director




A Muhammad - Director


A K PAPADAMOU & CO LIMITED (REGISTERED NUMBER: 10810180)

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

1. STATUTORY INFORMATION

A K Papadamou & Co 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of fifteen years.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A K PAPADAMOU & CO LIMITED (REGISTERED NUMBER: 10810180)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 522,213
Additions 30,000
At 31 March 2024 552,213
AMORTISATION
At 1 April 2023 174,070
Charge for year 36,814
At 31 March 2024 210,884
NET BOOK VALUE
At 31 March 2024 341,329
At 31 March 2023 348,143

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 2,671 34,825 37,496
Additions - 4,199 4,199
At 31 March 2024 2,671 39,024 41,695
DEPRECIATION
At 1 April 2023 1,335 22,004 23,339
Charge for year 267 5,879 6,146
At 31 March 2024 1,602 27,883 29,485
NET BOOK VALUE
At 31 March 2024 1,069 11,141 12,210
At 31 March 2023 1,336 12,821 14,157

A K PAPADAMOU & CO LIMITED (REGISTERED NUMBER: 10810180)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,481 31,796
Other debtors 11,185 26,150
48,666 57,946

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,682 37,101
Trade creditors 3,353 15,172
Taxation and social security 88,290 103,161
Other creditors 132,410 79,234
261,735 234,668

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 105,482 142,115
Other creditors 10,000 -
115,482 142,115

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,304

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 143,164 179,216

The company's loan facilities are secured by way of debenture over all company assets.