Punjab Meat Traders Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08036634 (England and Wales)

Financial Statements for the Year Ended 30 April 2019

for

Punjab Meat Traders Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

S Ahmad

REGISTERED OFFICE:

Unit 8 Roman Way Industrial Estate Longr

Ribbleton

Preston

PR2 5BB

REGISTERED NUMBER:

08036634 (England and Wales)

ACCOUNTANTS:

Abraham Chartered Certified Accountants

Sher House

46 Houghton Place

Bradford

West Yorkshire

BD1 3RG

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Abraham Chartered Certified Accountants

Sher House

46 Houghton Place

Bradford

West Yorkshire

BD1 3RG

Date: .............................................

FIXED ASSETS

Intangible assets

4

35,000

35,000

Property, plant and equipment

5

23,692

29,559

58,692

64,559

CURRENT ASSETS

Inventories

16,309

15,205

Debtors

6

942,681

376,101

Cash at bank and in hand

412,914

70,409

1,371,904

461,715

CREDITORS

Amounts falling due within one year

7

(1,339,369

)

(372,733

)

NET CURRENT ASSETS

32,535

88,982

TOTAL ASSETS LESS CURRENT LIABILITIES

91,227

153,541

CREDITORS

Amounts falling due after more than one year

8

(52,445

)

(88,111

)

NET ASSETS

38,782

65,430

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

38,781

65,429

SHAREHOLDERS' FUNDS

38,782

65,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 September 2019 and were signed by:

S Ahmad - Director

1.	STATUTORY INFORMATION

Punjab Meat Traders Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

35,000

NET BOOK VALUE

At 30 April 2019

35,000

At 30 April 2018

35,000

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2018

122,561

Additions

12,444

At 30 April 2019

135,005

DEPRECIATION

At 1 May 2018

93,002

Charge for year

18,311

At 30 April 2019

111,313

NET BOOK VALUE

At 30 April 2019

23,692

At 30 April 2018

29,559

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

854,453

301,635

Other debtors

88,228

74,466

942,681

376,101

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

358,380

4,892

Trade creditors

1,029,797

287,041

Taxation and social security

45,270

36,824

Other creditors

(94,078

)

43,976

1,339,369

372,733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

52,445

88,111