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Registered number: 04106484
Pebl Graphics Limited
Unaudited Financial Statements
For The Year Ended 30 April 2023
MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04106484
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 107,063 107,063
107,063 107,063
CURRENT ASSETS
Stocks 6 10,000 10,000
Debtors 7 69,083 69,083
Cash at bank and in hand 77,027 77,027
156,110 156,110
Creditors: Amounts Falling Due Within One Year 8 (148,422 ) (148,422 )
NET CURRENT ASSETS (LIABILITIES) 7,688 7,688
TOTAL ASSETS LESS CURRENT LIABILITIES 114,751 114,751
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,308 ) (17,308 )
NET ASSETS 97,443 97,443
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 49,001 49,001
Profit and Loss Account 47,442 47,442
SHAREHOLDERS' FUNDS 97,443 97,443
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For the year ending 30 April 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Harding
Director
05/09/2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pebl Graphics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04106484 . The registered office is Herston Cross House, 230 High Street, Swanage, Dorset, BH19 2PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of twenty years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5 Years Straight Line Method
Plant & Machinery 25% Reducing Balance Method
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 25% Reducing Balance Method
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2022 221,100
As at 30 April 2023 221,100
Amortisation
As at 1 May 2022 221,100
As at 30 April 2023 221,100
Net Book Value
As at 30 April 2023 -
As at 1 May 2022 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2022 3,413 707,555 4,100 7,403
As at 30 April 2023 3,413 707,555 4,100 7,403
...CONTINUED
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Depreciation
As at 1 May 2022 3,413 602,835 3,791 6,278
As at 30 April 2023 3,413 602,835 3,791 6,278
Net Book Value
As at 30 April 2023 - 104,720 309 1,125
As at 1 May 2022 - 104,720 309 1,125
Computer Equipment Total
£ £
Cost
As at 1 May 2022 2,537 725,008
As at 30 April 2023 2,537 725,008
Depreciation
As at 1 May 2022 1,628 617,945
As at 30 April 2023 1,628 617,945
Net Book Value
As at 30 April 2023 909 107,063
As at 1 May 2022 909 107,063
6. Stocks
2023 2022
£ £
Materials - 10,000
Finished goods 10,000 -
10,000 10,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 63,797 63,797
Prepayments and accrued income 5,286 5,286
69,083 69,083
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 24,124 24,124
Corporation tax 22,854 22,854
Other taxes and social security 85 85
VAT 14,757 14,757
Other creditors 5,633 5,633
Directors' loan accounts 58,969 58,969
Amounts owed to parent undertaking 22,000 22,000
148,422 148,422
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid - 100,000
12. Ultimate Controlling Party
The company's ultimate controlling party is Pebl Holdings Limited by virtue of their ownership of 100% of the issued share capital in the company.
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