Company Registration No. 04047223 (England and Wales)
P K TRADING ( UK ) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
P K TRADING ( UK ) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
P K TRADING ( UK ) LTD
Company Registration No. 04047223
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
58,355
42,557
Current assets
Stocks
562,698
545,250
Debtors
4
1,812,065
1,403,381
Cash at bank and in hand
1,303,735
1,000,754
3,678,498
2,949,385
Creditors: amounts falling due within one year
5
(2,007,517)
(1,807,793)
Net current assets
1,670,981
1,141,592
Total assets less current liabilities
1,729,336
1,184,149
Creditors: amounts falling due after more than one year
6
-
0
(68,439)
Net assets
1,729,336
1,115,710
Capital and reserves
Called up share capital
7
6
6
Profit and loss reserves
1,729,330
1,115,704
Total equity
1,729,336
1,115,710

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

P K TRADING ( UK ) LTD
Company Registration No. 04047223
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 October 2025 and are signed on its behalf by:
S Shokar
H Shokar
Director
Director
P K TRADING ( UK ) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

P K Trading ( UK ) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Ashford Business Complex, 158-166 Feltham Road, Ashford, TW15 1YQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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 FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for retail sale of food provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any 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:

Leasehold Improvments
6 Years Straight Line
Equipment
33.33% and 25% Straight Line
Motor Vehicles
25% Straight Line

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

1.4
Stocks

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.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

P K TRADING ( UK ) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
12
P K TRADING ( UK ) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
3
Tangible fixed assets
Leasehold Improvments
Equipment
Motor Vehicles
Total
£
£
£
£
Cost
At 1 February 2024
43,337
359,255
46,750
449,342
Additions
-
0
28,629
11,500
40,129
At 31 January 2025
43,337
387,884
58,250
489,471
Depreciation and impairment
At 1 February 2024
28,892
339,622
38,271
406,785
Depreciation charged in the year
7,222
12,401
4,708
24,331
At 31 January 2025
36,114
352,023
42,979
431,116
Carrying amount
At 31 January 2025
7,223
35,861
15,271
58,355
At 31 January 2024
14,445
19,633
8,479
42,557
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,186,781
981,538
Other debtors
625,284
421,843
1,812,065
1,403,381
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
773,787
656,385
Trade creditors
862,640
684,069
Taxation and social security
299,803
401,044
Other creditors
71,287
66,295
2,007,517
1,807,793

The factoring agreement is secured on the book debt of the company.

P K TRADING ( UK ) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
68,439
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
2
2
2
2
Ordinary B of £1 each
2
2
2
2
Ordinary C of £1 each
1
1
1
1
Ordinary D of £1 each
1
1
1
1
6
6
6
6
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
28,900
184,281
9
Related party transactions

At the balance sheet date, the directors owed £478,097 (2024: £320,842) to the company. Interest of £11,397 was charged on this balance.

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