Registered number
07472542
Pepsco Ltd
Filleted Accounts
31 March 2024
Pepsco Ltd
Registered number: 07472542
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,280 1,149
Current assets
Debtors 4 11,519 13,811
Cash at bank and in hand 569 979
12,088 14,790
Creditors: amounts falling due within one year 5 (23,281) (22,025)
Net current liabilities (11,193) (7,235)
Total assets less current liabilities (8,913) (6,086)
Creditors: amounts falling due after more than one year 6 (5,247) (9,579)
Provisions for liabilities - (218)
Net liabilities (14,160) (15,883)
Capital and reserves
Called up share capital 100 100
Profit and loss account (14,260) (15,983)
Shareholders' funds (14,160) (15,883)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Syarova
Director
Approved by the board on 18 March 2025
Pepsco Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,029
Additions 1,699
At 31 March 2024 3,728
Depreciation
At 1 April 2023 880
Charge for the year 568
At 31 March 2024 1,448
Net book value
At 31 March 2024 2,280
At 31 March 2023 1,149
4 Debtors 2024 2023
£ £
Trade debtors 11,392 13,524
Other debtors 127 287
11,519 13,811
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,248 4,554
Trade creditors 4,174 2,535
Other creditors 14,859 14,936
23,281 22,025
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,247 9,579
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P Syarova
Directors loan account (5,449) 9,832 (9,415) (5,032)
A Tsankova
Directors loan account (1,899) 8,860 (9,122) (2,161)
K Tzankov
Directors loan account (4,970) 6,755 (9,060) (7,275)
(12,318) 25,447 (27,597) (14,468)
8 Related party transactions
Included in other creditors is an amount owed to the directors of £14,468 (2023 £12,318) as at the year end. This amount is undated, unsecured and interest free. This amount is repayable on demand.
9 Going concern
These accounts have been prepared on a going concern basis. The directors have confirmed that they will continue to provide financial support to the company until such time as it's position improves.
# Other information
Pepsco Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 St. Davids Court
Howe Road
Gosport
Hampshire
PO13 8DX
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