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Company Registration No. 5138256 (England and Wales)
Pegrum Limited Unaudited accounts for the year ended 30 April 2024
Pegrum Limited Unaudited accounts Contents
Page
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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
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Pegrum Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,097 
42,795 
Current assets
Inventories
15,012 
21,195 
Debtors
33,840 
49,987 
Cash at bank and in hand
321,554 
234,435 
370,406 
305,617 
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 
Capital and reserves
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
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Pegrum Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
Pension costs
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 taxation
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.
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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 
Additions
- 
3,900 
3,900 
At 30 April 2024
33,020 
66,482 
99,502 
Depreciation
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 
Net book value
At 30 April 2024
4,802 
30,295 
35,097 
At 30 April 2023
6,410 
36,385 
42,795 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,125 
41,354 
Accrued income and prepayments
10,715 
8,633 
33,840 
49,987 
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 
Accruals
10,228 
2,950 
Deferred income
25,335 
21,860 
167,896 
140,796 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
22,500 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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