Company Registration No. 14523774 (England and Wales)
Grantham Panku Food Ltd
Unaudited accounts
for the year ended 31 December 2024
Grantham Panku Food Ltd
Unaudited accounts
Contents
Grantham Panku Food Ltd
Company Information
for the year ended 31 December 2024
Director
Lalita Sapkota Aryal
Company Number
14523774 (England and Wales)
Registered Office
2 Gorse Rise
Grantham
NG31 9BS
England
Accountants
Red Parrot Accounting Ltd
Red Parrot Accounting, Pentax House,
South Hill Avenue
South Harrow, London, Middlesex
England
HA2 0DU
Grantham Panku Food Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
8,733
8,000
Cash at bank and in hand
25,359
6,269
Creditors: amounts falling due within one year
(12,901)
(9,100)
Net current assets
38,094
32,824
Total assets less current liabilities
46,827
40,824
Creditors: amounts falling due after more than one year
-
(9,995)
Called up share capital
1
1
Profit and loss account
46,826
30,828
Shareholders' funds
46,827
30,829
For the year ending 31 December 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 her 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 17 September 2025 and were signed on its behalf by
Lalita Sapkota Aryal
Director
Company Registration No. 14523774
Grantham Panku Food Ltd
Notes to the Accounts
for the year ended 31 December 2024
Grantham Panku Food Ltd is a private company, limited by shares, registered in England and Wales, registration number 14523774. The registered office is 2 Gorse Rise, Grantham, NG31 9BS, 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.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 5 December 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
The financial statements have been prepared on a going concern basis as support has been arranged from the shareholders to enable the company to pay its debts as they fall due.
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:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Grantham Panku Food Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
10,000
-
10,000
At 31 December 2024
10,000
2,166
12,166
At 1 January 2024
2,000
-
2,000
Charge for the year
1,000
433
1,433
At 31 December 2024
3,000
433
3,433
At 31 December 2024
7,000
1,733
8,733
At 31 December 2023
8,000
-
8,000
Amounts falling due within one year
Trade debtors
(21,679)
18,988
Accrued income and prepayments
40,000
16,667
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,025
1,312
Taxes and social security
11,808
6,660
Other creditors
24,509
3,841
Loans from directors
203
3,273
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
9,995
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).