P K Foods (Glasgow) Ltd. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC277689 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

P K FOODS (GLASGOW) LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M Shirazi-Fard

D Mirshemirani

J Stevenson

SECRETARY:

Mrs J Mirshemirani

REGISTERED OFFICE:

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC277689 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

92,847

107,760

CURRENT ASSETS

Stocks

18,993

11,560

Debtors

205,781

114,475

Cash at bank and in hand

105,962

81,436

330,736

207,471

CREDITORS

Amounts falling due within one year

163,986

135,636

NET CURRENT ASSETS

166,750

71,835

TOTAL ASSETS LESS CURRENT LIABILITIES

259,597

179,595

CREDITORS

Amounts falling due after more than one year

(10,010

)

(21,406

)

PROVISIONS FOR LIABILITIES

(17,811

)

(20,627

)

NET ASSETS

231,776

137,562

CAPITAL AND RESERVES

Called up share capital

3

53

53

Revaluation reserve

13,551

13,551

Profit and loss account

218,172

123,958

SHAREHOLDERS' FUNDS

231,776

137,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 August 2015 and were signed on its behalf by:

J Stevenson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on a reducing balance basis

Fixtures and fittings

-

25% on a reducing balance basis

Motor vehicles

-

25% on a reducing balance basis

Computer equipment

-

33% on a reducing balance basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 May 2014

154,652

Additions

5,278

At 30 April 2015

159,930

DEPRECIATION

At 1 May 2014

46,892

Charge for year

20,191

At 30 April 2015

67,083

NET BOOK VALUE

At 30 April 2015

92,847

At 30 April 2014

107,760

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

48

Ordinary

£1.00

48

48

5

Ordinary A to J

£1.00

5

5

53

53