Company Registration No. 5138256 (England and Wales)
Pegrum Limited
Unaudited accounts
for the year ended 30 April 2024
Pegrum Limited
Unaudited accounts
Contents
Pegrum Limited
Company Information
for the year ended 30 April 2024
Directors
Mr Christopher John Pegrum
Mr Gordon Philip Pegrum
Mr Michael Philip Pegrum
Mr Elliot Pegrum
Company Number
5138256 (England and Wales)
Registered Office
76 Glebe Lane
Barming
Maidstone
Kent
ME16 9BD
United Kingdom
Accountants
Bowyer Pounds & Co
76 Glebe Lane
Barming
Maidstone
Kent
ME16 9BD
Pegrum Limited
Statement of financial position
as at 30 April 2024
Tangible assets
35,097
42,795
Cash at bank and in hand
321,554
234,435
Creditors: amounts falling due within one year
(167,896)
(140,796)
Net current assets
202,510
164,821
Total assets less current liabilities
237,607
207,616
Creditors: amounts falling due after more than one year
-
(22,500)
Provisions for liabilities
Deferred tax
(8,775)
(8,131)
Net assets
228,832
176,985
Called up share capital
45
45
Profit and loss account
228,787
176,940
Shareholders' funds
228,832
176,985
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by
Mr Michael Philip Pegrum
Director
Company Registration No. 5138256
Pegrum Limited
Notes to the Accounts
for the year ended 30 April 2024
Pegrum Limited is a private company, limited by shares, registered in England and Wales, registration number 5138256. The registered office is 76 Glebe Lane, Barming, Maidstone, Kent, ME16 9BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pegrum Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
33,020
62,582
95,602
At 30 April 2024
33,020
66,482
99,502
At 1 May 2023
26,610
26,197
52,807
Charge for the year
1,608
9,990
11,598
At 30 April 2024
28,218
36,187
64,405
At 30 April 2024
4,802
30,295
35,097
At 30 April 2023
6,410
36,385
42,795
Amounts falling due within one year
Trade debtors
23,125
41,354
Accrued income and prepayments
10,715
8,633
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
9,769
Trade creditors
27,501
26,184
Taxes and social security
99,248
74,640
Other creditors
5,584
5,393
Deferred income
25,335
21,860
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).