Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3122022-01-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11368082 2022-01-01 2022-12-31 11368082 2021-01-01 2021-12-31 11368082 2022-12-31 11368082 2021-12-31 11368082 c:Director2 2022-01-01 2022-12-31 11368082 d:PlantMachinery 2022-01-01 2022-12-31 11368082 d:PlantMachinery 2022-12-31 11368082 d:PlantMachinery 2021-12-31 11368082 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11368082 d:OfficeEquipment 2022-01-01 2022-12-31 11368082 d:OfficeEquipment 2022-12-31 11368082 d:OfficeEquipment 2021-12-31 11368082 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11368082 d:ComputerEquipment 2022-01-01 2022-12-31 11368082 d:ComputerEquipment 2022-12-31 11368082 d:ComputerEquipment 2021-12-31 11368082 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11368082 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11368082 d:CurrentFinancialInstruments 2022-12-31 11368082 d:CurrentFinancialInstruments 2021-12-31 11368082 d:Non-currentFinancialInstruments 2022-12-31 11368082 d:Non-currentFinancialInstruments 2021-12-31 11368082 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11368082 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11368082 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11368082 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11368082 d:ShareCapital 2022-12-31 11368082 d:ShareCapital 2021-12-31 11368082 d:SharePremium 2022-12-31 11368082 d:SharePremium 2021-12-31 11368082 d:RetainedEarningsAccumulatedLosses 2022-12-31 11368082 d:RetainedEarningsAccumulatedLosses 2021-12-31 11368082 c:OrdinaryShareClass1 2022-01-01 2022-12-31 11368082 c:OrdinaryShareClass1 2022-12-31 11368082 c:OrdinaryShareClass1 2021-12-31 11368082 c:FRS102 2022-01-01 2022-12-31 11368082 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11368082 c:FullAccounts 2022-01-01 2022-12-31 11368082 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11368082









PEGO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PEGO LIMITED
REGISTERED NUMBER: 11368082

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
40,840
8,268

  
40,840
8,268

Current assets
  

Stocks
 5 
255,603
35,824

Debtors: amounts falling due within one year
 6 
9,659
41,562

Cash at bank and in hand
 7 
749,982
383,953

  
1,015,244
461,339

Creditors: amounts falling due within one year
 8 
(916,079)
(61,720)

Net current assets
  
 
 
99,165
 
 
399,619

Total assets less current liabilities
  
140,005
407,887

Creditors: amounts falling due after more than one year
 9 
(264,436)
(264,436)

  

Net (liabilities)/assets
  
(124,431)
143,451


Capital and reserves
  

Called up share capital 
 10 
133
122

Share premium account
  
1,699,990
999,978

Profit and loss account
  
(1,824,554)
(856,649)

  
(124,431)
143,451


Page 1

 
PEGO LIMITED
REGISTERED NUMBER: 11368082
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Arriaga
Director

Date: 21 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PEGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Pego Limited is a private company limited by shares and incorporated in England and Wales (registered number 11368082). The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders and creditors to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PEGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Office equipment
-
25%
Straight line
Computer equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
PEGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2022
-
2,511
7,577
10,088


Additions
32,725
660
9,071
42,456



At 31 December 2022

32,725
3,171
16,648
52,544



Depreciation


At 1 January 2022
-
268
1,552
1,820


Charge for the year on owned assets
6,383
736
2,765
9,884



At 31 December 2022

6,383
1,004
4,317
11,704



Net book value



At 31 December 2022
26,342
2,167
12,331
40,840



At 31 December 2021
-
2,243
6,025
8,268

Page 5

 
PEGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Stocks

2022
2021
£
£

Raw materials and consumables
3,048
35,824

Finished goods
252,555
-

255,603
35,824



6.


Debtors

2022
2021
£
£


Other debtors
9,659
41,562

9,659
41,562



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank
749,981
383,953

749,981
383,953



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
152,662
11,556

Other taxation and social security
27,730
22,700

Other creditors
718,487
5,764

Accruals and deferred income
17,200
21,700

916,079
61,720


Page 6

 
PEGO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
264,436
264,436

264,436
264,436



10.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



601,333 (2021 - 550,000) Ordinary shares of £0.000222 each
133
122


During the year, 51,333 Ordinary shares of £0.000222 each were allotted for total consideration of £700,023.

 
Page 7