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REGISTERED NUMBER: SC589491 (Scotland)
















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Pegami Limited

Pegami Limited (Registered number: SC589491)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pegami Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A Grasso
I Monaghan
E Pierotti





REGISTERED OFFICE: C/o McLay, McAlister & McGibbon Llp
145 St Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC589491 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Pegami Limited (Registered number: SC589491)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 72,426 64,180

CURRENT ASSETS
Stocks 19,750 16,500
Debtors 5 74,373 31,479
Cash at bank and in hand 24,684 31,046
118,807 79,025
CREDITORS
Amounts falling due within one year 6 (82,430 ) (59,010 )
NET CURRENT ASSETS 36,377 20,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,803

84,195

CREDITORS
Amounts falling due after more than one
year

7

(75,124

)

(72,013

)

PROVISIONS FOR LIABILITIES (16,800 ) (11,008 )
NET ASSETS 16,879 1,174

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 16,876 1,171
SHAREHOLDERS' FUNDS 16,879 1,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Pegami Limited (Registered number: SC589491)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





E Pierotti - Director


Pegami Limited (Registered number: SC589491)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Pegami Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Pegami Limited (Registered number: SC589491)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 21 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 86,340
Additions 23,763
At 29 February 2024 110,103
DEPRECIATION
At 1 March 2023 22,160
Charge for year 15,517
At 29 February 2024 37,677
NET BOOK VALUE
At 29 February 2024 72,426
At 28 February 2023 64,180

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 30,581 493
Other debtors 43,792 30,986
74,373 31,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,556 5,556
Finance leases 9,521 9,521
Trade creditors 18,877 13,857
Taxation and social security 44,150 25,507
Other creditors 4,326 4,569
82,430 59,010

Pegami Limited (Registered number: SC589491)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 29,167 34,722
Finance leases 45,957 37,291
75,124 72,013