IRIS Accounts Production v23.3.1.45 02109668 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021096682022-05-31021096682023-05-31021096682022-06-012023-05-31021096682021-05-31021096682021-06-012022-05-31021096682022-05-3102109668ns10:Originalns15:EnglandWales2022-06-012023-05-3102109668ns14:PoundSterlingns10:Original2022-06-012023-05-3102109668ns10:Originalns10:Director12022-06-012023-05-3102109668ns10:Original2022-06-012023-05-3102109668ns10:Original2023-05-3102109668ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3102109668ns10:Originalns10:SmallEntities2022-06-012023-05-3102109668ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3102109668ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3102109668ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3102109668ns10:Originalns10:FullAccounts2022-06-012023-05-3102109668ns10:Originalns10:Director22022-06-012023-05-3102109668ns10:CompanySecretary1ns10:Original2022-06-012023-05-3102109668ns10:Originalns10:RegisteredOffice2022-06-012023-05-3102109668ns10:Original2022-05-3102109668ns10:Originalns5:CurrentFinancialInstruments2023-05-3102109668ns10:Originalns5:CurrentFinancialInstruments2022-05-3102109668ns5:ShareCapitalns10:Original2023-05-3102109668ns5:ShareCapitalns10:Original2022-05-3102109668ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3102109668ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3102109668ns10:Originalns5:LeaseholdImprovements2022-06-012023-05-3102109668ns10:Originalns5:FurnitureFittings2022-06-012023-05-3102109668ns10:Originalns5:ComputerEquipment2022-06-012023-05-3102109668ns10:Original2021-06-012022-05-3102109668ns10:Originalns5:LeaseholdImprovements2022-05-3102109668ns10:Originalns5:FurnitureFittings2022-05-3102109668ns10:Originalns5:ComputerEquipment2022-05-3102109668ns10:Original2022-05-3102109668ns10:Originalns5:LeaseholdImprovements2023-05-3102109668ns10:Originalns5:FurnitureFittings2023-05-3102109668ns10:Originalns5:ComputerEquipment2023-05-3102109668ns10:Originalns5:LeaseholdImprovements2022-05-3102109668ns10:Originalns5:FurnitureFittings2022-05-3102109668ns10:Originalns5:ComputerEquipment2022-05-3102109668ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3102109668ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3102109668ns10:Originalns5:DeferredTaxation2022-05-3102109668ns10:Originalns5:DeferredTaxation2023-05-3102109668ns10:Original1ns10:Director12022-05-3102109668ns10:Original1ns10:Director12021-05-3102109668ns10:Original1ns10:Director12022-06-012023-05-3102109668ns10:Original1ns10:Director12021-06-012022-05-3102109668ns10:Original1ns10:Director12023-05-3102109668ns10:Original1ns10:Director12022-05-3102109668ns10:Originalns10:Director222022-05-3102109668ns10:Originalns10:Director222021-05-3102109668ns10:Originalns10:Director222022-06-012023-05-3102109668ns10:Originalns10:Director222021-06-012022-05-3102109668ns10:Originalns10:Director222023-05-3102109668ns10:Originalns10:Director222022-05-31
REGISTERED NUMBER: 02109668 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

M. PEGRAM AND ASSOCIATES LIMITED

M. PEGRAM AND ASSOCIATES LIMITED (REGISTERED NUMBER: 02109668)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


M. PEGRAM AND ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: M C Pegram
J M Pegram





SECRETARY: R Adams





REGISTERED OFFICE: 12-13 Thames Street
Sunbury on Thames
Middlesex
TW16 5QP





REGISTERED NUMBER: 02109668 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

M. PEGRAM AND ASSOCIATES LIMITED (REGISTERED NUMBER: 02109668)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,967 7,104

CURRENT ASSETS
Debtors 5 130,992 142,567
Cash at bank 239,524 157,164
370,516 299,731
CREDITORS
Amounts falling due within one year 6 141,594 93,318
NET CURRENT ASSETS 228,922 206,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,889

213,517

PROVISIONS FOR LIABILITIES 7 2,084 1,350
NET ASSETS 237,805 212,167

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 237,705 212,067
237,805 212,167

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 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 Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by:





M C Pegram - Director


M. PEGRAM AND ASSOCIATES LIMITED (REGISTERED NUMBER: 02109668)

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


1. STATUTORY INFORMATION

M. Pegram and Associates 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 represents net invoiced sales of services, excluding value added tax.

Turnover is recognised in the month in which services are provided and accrued income is included where it is appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

M. PEGRAM AND ASSOCIATES LIMITED (REGISTERED NUMBER: 02109668)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 5,985 444 12,829 19,258
Additions - - 5,357 5,357
At 31 May 2023 5,985 444 18,186 24,615
DEPRECIATION
At 1 June 2022 - 214 11,940 12,154
Charge for year - 74 1,420 1,494
At 31 May 2023 - 288 13,360 13,648
NET BOOK VALUE
At 31 May 2023 5,985 156 4,826 10,967
At 31 May 2022 5,985 230 889 7,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 56,088 55,440
Other debtors 74,904 87,127
130,992 142,567

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 556 -
Taxation and social security 133,635 80,831
Other creditors 7,403 12,487
141,594 93,318

7. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 2,084 1,350

Deferred
tax
£   
Balance at 1 June 2022 1,350
Movement 734
Balance at 31 May 2023 2,084

M. PEGRAM AND ASSOCIATES LIMITED (REGISTERED NUMBER: 02109668)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid: Nominal 31.5.23 31.5.22
Number: Class: Value: £ £
54 Ordinary A £1 54 54
36 Ordinary B £1 36 36
10 Ordinary C £1 10 10
100 100
All shares rank pari passu in all respects.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
M C Pegram
Balance outstanding at start of year 9,493 48,158
Amounts advanced 142,162 65,796
Amounts repaid (134,546 ) (104,461 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,109 9,493

J M Pegram
Balance outstanding at start of year 15,310 15,134
Amounts advanced 96,744 89,462
Amounts repaid (114,496 ) (89,286 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,442 ) 15,310

Interest is charged on the loan at a rate of 2.50% per annum.