PMP Foods Ltd - Accounts to registrar (filleted) - small 18.2

PMP Foods Ltd - Accounts to registrar (filleted) - small 18.2

PMP FOODS LTD - Company Information

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REGISTERED NUMBER: 12442468 (England and Wales)


Financial Statements for the Period 4 February 2020 to 31 January 2021

for

PMP Foods Ltd
PMP Foods Ltd (Registered number: 12442468)






Contents of the Financial Statements
for the Period 4 February 2020 to 31 January 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMP Foods Ltd

Company Information
for the Period 4 February 2020 to 31 January 2021







DIRECTOR: Mr Parmod Verma





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 12442468 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD
Page 1
PMP Foods Ltd (Registered number: 12442468)

Balance Sheet
31 January 2021

Notes £    £   
FIXED ASSETS
Intangible assets 4 67,073
Property, plant and equipment 5 64,225
131,298

CURRENT ASSETS
Inventories 6 57,185
Debtors 7 24,415
Cash at bank and in hand 35,808
117,408
CREDITORS
Amounts falling due within one year 8 178,716
NET CURRENT LIABILITIES (61,308 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
69,990

CREDITORS
Amounts falling due after more than one
year
9
50,000
NET ASSETS 19,990

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings 11 19,890
SHAREHOLDERS' FUNDS 19,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2021 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 notes form part of these financial statements

Page 2 continued...
PMP Foods Ltd (Registered number: 12442468)

Balance Sheet - continued
31 January 2021


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

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 and authorised for issue on 28 October 2021 and were signed by:





Mr Parmod Verma - Director


The notes form part of these financial statements

Page 3
PMP Foods Ltd (Registered number: 12442468)

Notes to the Financial Statements
for the Period 4 February 2020 to 31 January 2021

1. STATUTORY INFORMATION

PMP Foods Ltd 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.
Fixtures and fittings - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 67,073
At 31 January 2021 67,073
NET BOOK VALUE
At 31 January 2021 67,073

Page 4 continued...
PMP Foods Ltd (Registered number: 12442468)

Notes to the Financial Statements - continued
for the Period 4 February 2020 to 31 January 2021

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 1 71,360 71,361
At 31 January 2021 1 71,360 71,361
DEPRECIATION
Charge for period - 7,136 7,136
At 31 January 2021 - 7,136 7,136
NET BOOK VALUE
At 31 January 2021 1 64,224 64,225

6. INVENTORIES
£   
Stocks 57,185

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 17,000
Other debtors 7,415
24,415

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 9,891
Taxation and social security 339
Other creditors 168,486
178,716

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 50,000

Page 5 continued...
PMP Foods Ltd (Registered number: 12442468)

Notes to the Financial Statements - continued
for the Period 4 February 2020 to 31 January 2021

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

100 Ordinary shares of 1 were issued during the period for cash of £ 100 .

11. RESERVES
Retained
earnings
£   

Profit for the period 19,890
At 31 January 2021 19,890

Page 6