Company Registration No. 04600728 (England and Wales)
P-G Drapes Limited
Unaudited accounts
for the year ended 30 November 2023
P-G Drapes Limited
Unaudited accounts
Contents
P-G Drapes Limited
Company Information
for the year ended 30 November 2023
Director
Mr Mark Andrew Liptrot
Company Number
04600728 (England and Wales)
Registered Office
P G Drapes Ltd
Unit A
Tadman Street
Wakefield
West Yorkshire
WF1 5QU
England
Accountants
Rishworth Baxter
26 Cheapside
WAKEFIELD
West Yorkshire
WF1 2TF
P-G Drapes Limited
Statement of financial position
as at 30 November 2023
Tangible assets
2,221
1,311
Cash at bank and in hand
(6,832)
35,331
Creditors: amounts falling due within one year
(98,246)
(99,117)
Net current (liabilities)/assets
(62,202)
59,014
Total assets less current liabilities
(59,981)
60,325
Creditors: amounts falling due after more than one year
(18,334)
(22,036)
Net (liabilities)/assets
(78,315)
38,289
Called up share capital
100
100
Profit and loss account
(78,415)
38,189
Shareholders' funds
(78,315)
38,289
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 29 August 2024 and were signed on its behalf by
Mr Mark Andrew Liptrot
Director
Company Registration No. 04600728
P-G Drapes Limited
Notes to the Accounts
for the year ended 30 November 2023
P-G Drapes Limited is a private company, limited by shares, registered in England and Wales, registration number 04600728. The registered office is P G Drapes Ltd, Unit A, Tadman Street, Wakefield, West Yorkshire, WF1 5QU, England.
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.
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% on cost
Motor vehicles
33% on cost
Fixtures & fittings
25% on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
3,160
5,833
9,799
18,792
At 30 November 2023
5,049
5,833
9,799
20,681
At 1 December 2022
1,849
5,833
9,799
17,481
Charge for the year
979
-
-
979
At 30 November 2023
2,828
5,833
9,799
18,460
At 30 November 2023
2,221
-
-
2,221
At 30 November 2022
1,311
-
-
1,311
P-G Drapes Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
15,125
27,058
Accrued income and prepayments
3,852
3,350
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,333
2,964
Trade creditors
62,121
49,577
Taxes and social security
16,237
6,332
Loans from directors
14,597
28,503
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).