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REGISTERED NUMBER: 06694363 (England and Wales)















Financial Statements

for the Period 1st December 2022 to 29th November 2023

for

PG Glazing Limited

PG Glazing Limited (Registered number: 06694363)

Contents of the Financial Statements
for the period 1st December 2022 to 29th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PG Glazing Limited

Company Information
for the period 1st December 2022 to 29th November 2023







DIRECTORS: P Goodger
L Goodger
D L Goodger
S Goodger
M Day
TJ Lawrence





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 06694363 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

PG Glazing Limited (Registered number: 06694363)

Balance Sheet
29th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,364,544 5,953,938

CURRENT ASSETS
Stocks 240,350 170,350
Debtors 5 3,182,809 2,840,466
Cash at bank and in hand 792,480 1,022,399
4,215,639 4,033,215
CREDITORS
Amounts falling due within one year 6 1,999,602 1,931,490
NET CURRENT ASSETS 2,216,037 2,101,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,580,581

8,055,663

CREDITORS
Amounts falling due after more than one
year

7

(1,527,935

)

(2,137,808

)

PROVISIONS FOR LIABILITIES (741,591 ) (751,576 )
NET ASSETS 5,311,055 5,166,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,310,955 5,166,179
SHAREHOLDERS' FUNDS 5,311,055 5,166,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th November 2023 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.

PG Glazing Limited (Registered number: 06694363)

Balance Sheet - continued
29th November 2023


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 30th August 2024 and were signed on its behalf by:





M Day - Director


PG Glazing Limited (Registered number: 06694363)

Notes to the Financial Statements
for the period 1st December 2022 to 29th November 2023


1. STATUTORY INFORMATION

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

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
The turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance

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 period 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PG Glazing Limited (Registered number: 06694363)

Notes to the Financial Statements - continued
for the period 1st December 2022 to 29th November 2023


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 period was 25 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st December 2022 8,679,747
Additions 653,489
Disposals (1,128,381 )
At 29th November 2023 8,204,855
DEPRECIATION
At 1st December 2022 2,725,809
Charge for period 574,075
Eliminated on disposal (459,573 )
At 29th November 2023 2,840,311
NET BOOK VALUE
At 29th November 2023 5,364,544
At 30th November 2022 5,953,938

PG Glazing Limited (Registered number: 06694363)

Notes to the Financial Statements - continued
for the period 1st December 2022 to 29th November 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
£   
COST
At 1st December 2022 4,885,409
Additions 322,800
Reclassification/transfer (1,425,991 )
At 29th November 2023 3,782,218
DEPRECIATION
At 1st December 2022 1,090,660
Charge for period 304,963
Reclassification/transfer (510,770 )
At 29th November 2023 884,853
NET BOOK VALUE
At 29th November 2023 2,897,365
At 30th November 2022 3,794,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 799,090 960,195
Other debtors and prepayments 2,383,719 1,880,271
3,182,809 2,840,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 125,180 125,180
Hire purchase contracts 815,799 1,004,318
Trade creditors 935,283 761,460
Taxation and social security 99,490 16,682
Other creditors and accruals 23,850 23,850
1,999,602 1,931,490

PG Glazing Limited (Registered number: 06694363)

Notes to the Financial Statements - continued
for the period 1st December 2022 to 29th November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 754,672 867,126
Hire purchase contracts 773,263 1,270,682
1,527,935 2,137,808

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 879,852 992,306
Hire purchase contracts 1,589,062 2,275,000
2,468,914 3,267,306

Hire purchase contracts are secured on the assets concerned.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29th November 2023 and the year ended 30th November 2022:

2023 2022
£    £   
D L Goodger
Balance outstanding at start of period - 8,577
Amounts repaid - (8,577 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

The loan account has been repaid within 9 months of the year end, is interest free and repayable on demand.