Penta Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02980717 (England and Wales)

Penta Trading Limited

Unaudited Financial Statements for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Papalexopoulos

SECRETARY:

Mrs M Chaidopoulou

REGISTERED OFFICE:

97 Judd Street

London

WC1H 9JG

REGISTERED NUMBER:

02980717 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

FIXED ASSETS

Tangible assets

3

402

600

CURRENT ASSETS

Debtors

4

-

237

Cash at bank

525

-

525

237

CREDITORS

Amounts falling due within one year

5

59,794

58,835

NET CURRENT LIABILITIES

(59,269

)

(58,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(58,867

)

(57,998

)

CREDITORS

Amounts falling due after more than one year

6

133,279

133,619

NET LIABILITIES

(192,146

)

(191,617

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(192,246

)

(191,717

)

SHAREHOLDERS' FUNDS

(192,146

)

(191,617

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 16 September 2019 and were signed by:

Mr P Papalexopoulos - Director

1.	STATUTORY INFORMATION

Penta Trading 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.

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

-

33% on reducing balance

Taxation

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

and Retained Earnings, 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

5,242

DEPRECIATION

At 1 January 2018

4,642

Charge for year

198

At 31 December 2018

4,840

NET BOOK VALUE

At 31 December 2018

402

At 31 December 2017

600

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

VAT

-

237

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Other creditors

59,194

58,150

Accrued expenses

600

685

59,794

58,835

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/18

31/12/17

£

£

Directors' loan accounts

133,279

133,619

7.	RELATED PARTY DISCLOSURES

Other creditors in note 6 includes £46,870 (2017: £45,826) owed to Penta Trading ITL Ltd a company in

which the director's spouse is the sole director and shareholder.