Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-07-01falseNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12642255 2023-07-01 2024-06-30 12642255 2022-07-01 2023-06-30 12642255 2024-06-30 12642255 2023-06-30 12642255 c:Director1 2023-07-01 2024-06-30 12642255 d:MotorVehicles 2023-07-01 2024-06-30 12642255 d:MotorVehicles 2024-06-30 12642255 d:MotorVehicles 2023-06-30 12642255 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12642255 d:Goodwill 2023-07-01 2024-06-30 12642255 d:Goodwill 2024-06-30 12642255 d:Goodwill 2023-06-30 12642255 d:CurrentFinancialInstruments 2024-06-30 12642255 d:CurrentFinancialInstruments 2023-06-30 12642255 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12642255 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12642255 d:ShareCapital 2024-06-30 12642255 d:ShareCapital 2023-06-30 12642255 d:RetainedEarningsAccumulatedLosses 2024-06-30 12642255 d:RetainedEarningsAccumulatedLosses 2023-06-30 12642255 c:FRS102 2023-07-01 2024-06-30 12642255 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12642255 c:FullAccounts 2023-07-01 2024-06-30 12642255 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12642255 2 2023-07-01 2024-06-30 12642255 6 2023-07-01 2024-06-30 12642255 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12642255










PF BRANDS LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024

 
PF BRANDS LTD
Registered number: 12642255

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,200
1,400

Tangible assets
 5 
519
614

Investments
  
325
325

  
2,044
2,339

Current assets
  

Debtors: amounts falling due within one year
 7 
336,015
281,622

Cash at bank
  
15,976
5,323

  
351,991
286,945

Creditors: amounts falling due within one year
 8 
(87,307)
(67,001)

Net current assets
  
 
 
264,684
 
 
219,944

Total assets less current liabilities
  
266,728
222,283

  

Net assets
  
266,728
222,283


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
266,718
222,273

  
266,728
222,283


Page 1

 
PF BRANDS LTD
Registered number: 12642255
    
Balance sheet (continued)
As at 30 June 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 June 2025.




Mr M Paul
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
PF BRANDS LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

1.


General information

PF Brands Ltd is a private company limited by shares and registered in England and Wales. The
registered address is as shown on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
PF BRANDS LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
PF BRANDS LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

4.


Intangible assets



Goodwill

£



Cost


At 1 July 2023
2,000



At 30 June 2024

2,000



Amortisation


At 1 July 2023
600


Charge for the year on owned assets
200



At 30 June 2024

800



Net book value



At 30 June 2024
1,200




5.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 July 2023
1,000



At 30 June 2024

1,000



Depreciation


At 1 July 2023
386


Charge for the year on owned assets
95



At 30 June 2024

481



Net book value



At 30 June 2024
519

Page 5

 
PF BRANDS LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
325



At 30 June 2024
325





7.


Debtors

2024
2023
£
£


Trade debtors
50,794
46,954

Other debtors
285,221
234,668

336,015
281,622



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
75,211
20,482

Other taxation and social security
8,531
44,394

Other creditors
325
325

Accruals and deferred income
3,240
1,800

87,307
67,001


 
Page 6