PEKINO LIMITED


Director	Mrs R H Hossny


Registered Address	15 Main Street
	Bothwell
	Glasgow
	G71 8RD


Registered Number	SC272139 (Scotland)

Balance Sheet as at
31 October 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		20,710		24,346
			20,710		24,346
Current assets
Stocks		115,477		115,352
Debtors	5	9,043		6,194
Cash at bank and on hand		8,327		3,637
		132,847		125,183
Creditors amounts falling due within one year	6	(616,587)		(567,869)
Net current assets (liabilities)			(483,740)		(442,686)
Total assets less current liabilities			(463,030)		(418,340)
Creditors amounts falling due after one year	7		(11,667)		(16,667)
Net assets			(474,697)		(435,007)
Capital and reserves
Called up share capital			250,000		250,000
Profit and loss account			(724,697)		(685,007)
Shareholders' funds			(474,697)		(435,007)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 October 2025, and are signed on its behalf by:

Mrs R H Hossny
Director
Registered Company No. SC272139

PEKINO LIMITED

Notes to the Financial Statements
for the year ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered office address is 15 Main Street, Bothwell, Glasgow, Scotland, G71 8RD.

	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), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

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), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. This requires the ongoing support of the director. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	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. Retail turnover is recognised when the goods are delivered to the customer.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Improvements to property - Straight line over 20 years Plant and equipment - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Computer equipment - 33% on reducing balance Motor vehicles - 25% on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Tangible fixed assets and depreciation

Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property                                             - Straight line over 20 years
Plant and equipment                                                     - 20% on reducing balance
Fixtures and fittings                                                       - 20% on reducing balance
Computer equipment                                                     - 33% on reducing balance
Motor vehicles                                                               - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately within current liabilities.

	Financial instruments
	The company only enters into basic financial instruments that result in the recognition of financial assets like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	5		5

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 November 23	53,266	53,266
At 31 October 24	53,266	53,266
Amortisation and impairment
At 01 November 23	53,266	53,266
At 31 October 24	53,266	53,266
Net book value
At 31 October 24	-	-
At 31 October 23	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 November 23	98,286	14,841	72,041	12,493	197,661
Additions	-	-	-	4,092	4,092
At 31 October 24	98,286	14,841	72,041	16,585	201,753
Depreciation and impairment
At 01 November 23	82,709	10,889	70,732	8,985	173,315
Charge for year	4,906	791	405	1,626	7,728
At 31 October 24	87,615	11,680	71,137	10,611	181,043
Net book value
At 31 October 24	10,671	3,161	904	5,974	20,710
At 31 October 23	15,577	3,952	1,309	3,508	24,346

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	3,435	3,396
Prepayments and accrued income	5,608	2,798
Total	9,043	6,194

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	7,891	11,855
Bank borrowings and overdrafts	10,000	10,000
Taxation and social security	1	-
Other creditors	582,309	539,561
Accrued liabilities and deferred income	16,386	6,453
Total	616,587	567,869

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	11,667	16,667
Total	11,667	16,667

8.	Related party transactions
	As at the year ended 31 October 2024 the company owed the director £582,287 (2023 - £539,500).