Company Registration No. 11638259 (England and Wales)
PPK GROUP(UK) LTD
Unaudited accounts
for the year ended 31 October 2024
PPK GROUP(UK) LTD
Unaudited accounts
Contents
PPK GROUP(UK) LTD
Company Information
for the year ended 31 October 2024
Director
Mohammad Ali ALIKKA VEED
Company Number
11638259 (England and Wales)
Registered Office
2 Moor Street
West Bromwich
Birmingham
B70 7AD
ENGLAND
Accountants
Orb7 Limited
53 Peartree Drive,Farnworth,Bolton,Lanca
Manchester
Bolton
Lancashire
BL4 9RR
PPK GROUP(UK) LTD
Statement of financial position
as at 31 October 2024
Tangible assets
39,194
48,988
Cash at bank and in hand
5,307
10,425
Creditors: amounts falling due within one year
(7,432)
(27,153)
Net current assets/(liabilities)
47,029
(6,667)
Total assets less current liabilities
86,223
42,321
Creditors: amounts falling due after more than one year
(31,423)
(37,893)
Called up share capital
100
100
Profit and loss account
54,700
4,328
Shareholders' funds
54,800
4,428
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 June 2025 and were signed on its behalf by
Mohammad Ali ALIKKA VEED
Director
Company Registration No. 11638259
PPK GROUP(UK) LTD
Notes to the Accounts
for the year ended 31 October 2024
PPK GROUP(UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 11638259. The registered office is 2 Moor Street , West Bromwich, Birmingham , B70 7AD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% diminishing balance method.
Fixtures & fittings
20% diminishing balance method.
Computer equipment
25% diminishing balance method.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants Covid 19
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
PPK GROUP(UK) LTD
Notes to the Accounts
for the year ended 31 October 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
46,346
82,050
2,953
131,349
At 31 October 2024
46,346
82,050
2,953
131,349
At 1 November 2023
25,257
55,186
1,918
82,361
Charge for the year
4,164
5,372
258
9,794
At 31 October 2024
29,421
60,558
2,176
92,155
At 31 October 2024
16,925
21,492
777
39,194
At 31 October 2023
21,089
26,864
1,035
48,988
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,106
10,215
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).