Registered number
10993435
Pangratiou Limited
Filleted Accounts
31 October 2024
Pangratiou Limited
Registered number: 10993435
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,526 -
Current assets
Stocks 755 575
Debtors 4 62,819 68,311
Cash at bank and in hand 21,255 28,171
84,829 97,057
Creditors: amounts falling due within one year 5 (102,890) (96,300)
Net current (liabilities)/assets (18,061) 757
Net assets 32,465 757
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,365 657
Shareholder's funds 32,465 757
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
M A Pangratiou
Director
Approved by the board on 28 May 2025
Pangratiou Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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
Additions 55,193
At 31 October 2024 55,193
Depreciation
Charge for the year 4,667
At 31 October 2024 4,667
Net book value
At 31 October 2024 50,526
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 49,346 49,526
Other debtors 13,473 18,785
62,819 68,311
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,844 8,844
Amounts owed to group undertakings and undertakings in which the company has a participating interest 79,192 66,867
Taxation and social security costs 1,402 2,746
Other creditors 13,452 17,843
102,890 96,300
6 Controlling party
The company is controlled by Mr M A Pangratiou on the basis that he holds 100% of the ordinary issued share capital of the company.
7 Other information
Pangratiou Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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