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REGISTERED NUMBER: 12939001 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PGI CONTRACTS LIMITED

PGI CONTRACTS LIMITED (REGISTERED NUMBER: 12939001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PGI CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr P Gavillet





REGISTERED OFFICE: 26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU





REGISTERED NUMBER: 12939001 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

PGI CONTRACTS LIMITED (REGISTERED NUMBER: 12939001)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,440 39,020

CURRENT ASSETS
Stocks 141,803 160,258
Debtors 5 250,642 279,854
Cash at bank 97,903 32,904
490,348 473,016
CREDITORS
Amounts falling due within one year 6 475,678 462,215
NET CURRENT ASSETS 14,670 10,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,110

49,821

CREDITORS
Amounts falling due after more than one
year

7

(17,071

)

(26,735

)

PROVISIONS FOR LIABILITIES (1,359 ) -
NET ASSETS 43,680 23,086

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 43,678 23,084
43,680 23,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

PGI CONTRACTS LIMITED (REGISTERED NUMBER: 12939001)

BALANCE SHEET - continued
31 JULY 2023


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 27 September 2023 and were signed by:





Mr P Gavillet - Director


PGI CONTRACTS LIMITED (REGISTERED NUMBER: 12939001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

PGI Contracts 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 9 ) .

PGI CONTRACTS LIMITED (REGISTERED NUMBER: 12939001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,000 45,760 - 47,760
Additions 11,775 - 3,239 15,014
At 31 July 2023 13,775 45,760 3,239 62,774
DEPRECIATION
At 1 August 2022 50 8,690 - 8,740
Charge for year 1,035 5,270 289 6,594
At 31 July 2023 1,085 13,960 289 15,334
NET BOOK VALUE
At 31 July 2023 12,690 31,800 2,950 47,440
At 31 July 2022 1,950 37,070 - 39,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 250,642 279,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,664 9,664
Trade creditors 121,823 111,069
Corporation tax (30,888 ) 20,646
Social security and other taxes 14,740 8,869
VAT 55,522 40,855
Other creditors 209,876 178,152
Wages control account - 2,536
Directors' current accounts 92,420 81,597
Accruals and deferred income 2,521 8,827
475,678 462,215

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,071 26,735

PGI CONTRACTS LIMITED (REGISTERED NUMBER: 12939001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 17,071 26,735