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REGISTERED NUMBER: 05847600 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

PK GREEN ENTERPRISE LTD

PK GREEN ENTERPRISE LTD (REGISTERED NUMBER: 05847600)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


PK GREEN ENTERPRISE LTD (REGISTERED NUMBER: 05847600)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,355 -
Tangible assets 5 179,400 167,837
184,755 167,837

CURRENT ASSETS
Stocks 6 143,429 208,471
Debtors 7 910,003 426,365
Cash at bank and in hand 159,737 155,167
1,213,169 790,003
CREDITORS
Amounts falling due within one year 8 634,088 683,452
NET CURRENT ASSETS 579,081 106,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,836

274,388

CREDITORS
Amounts falling due after more than one
year

9

(3,666

)

(19,167

)

PROVISIONS FOR LIABILITIES (12,546 ) (13,612 )
NET ASSETS 747,624 241,609

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 746,624 240,609
SHAREHOLDERS' FUNDS 747,624 241,609

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 director acknowledges his 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.

PK GREEN ENTERPRISE LTD (REGISTERED NUMBER: 05847600)

Balance Sheet - 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 director and authorised for issue on 13 September 2024 and were signed by:





Pravin Bhaskar Kharwadkar - Director


PK GREEN ENTERPRISE LTD (REGISTERED NUMBER: 05847600)

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

1. STATUTORY INFORMATION

PK Green Enterprise Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05847600

Registered office: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

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.

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.

Trademark Expenses is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

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 balance sheet date.


PK GREEN ENTERPRISE LTD (REGISTERED NUMBER: 05847600)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 5,355
At 30 June 2024 5,355
NET BOOK VALUE
At 30 June 2024 5,355

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 113,262 553 37,599 70,358 221,772
Additions - - 11,680 13,413 25,093
At 30 June 2024 113,262 553 49,279 83,771 246,865
DEPRECIATION
At 1 July 2023 - 553 15,682 37,700 53,935
Charge for year - - 3,877 9,653 13,530
At 30 June 2024 - 553 19,559 47,353 67,465
NET BOOK VALUE
At 30 June 2024 113,262 - 29,720 36,418 179,400
At 30 June 2023 113,262 - 21,917 32,658 167,837

PK GREEN ENTERPRISE LTD (REGISTERED NUMBER: 05847600)

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

6. STOCKS
2024 2023
£    £   
Stocks 143,429 208,471

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 197,278 79,371
Rent deposits 7,409 7,409
PK Green International Limited 602,648 -
Wise Stocks 25,255 264,192
Directors' current accounts - 20,915
Prepayments 77,413 54,478
910,003 426,365

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,877 14,466
Trade creditors 89,664 64,654
Tax 495,434 294,182
Social security and other taxes 2,848 2,468
Pension Control 547 640
VAT 23,382 3,804
Other creditors 3,500 3,500
PK Green International Ltd - 290,866
Directors' current accounts 147 -
Accrued expenses 689 8,872
634,088 683,452

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce Back Loan 3,666 19,167

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Pravin Bhaskar Kharwadkar
Balance outstanding at start of year 20,915 1,120
Amounts advanced 58,976 20,795
Amounts repaid (80,038 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (147 ) 20,915

PK GREEN ENTERPRISE LTD (REGISTERED NUMBER: 05847600)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Dividends issued during the year = £1,000,000 (£1,000,000 in 2023)

11. RELATED PARTY DISCLOSURES

Of the current asset amount of £602,648 (£290866 in 2022 in Current Liability) due from PK Green International Limited which is a related party transaction and there are no terms attached to this amount.

12. ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders.