Registered number
SC718735
Pgenet Ltd
Filleted Accounts
31 January 2024
Pgenet Ltd
Registered number: SC718735
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,800 1,800
Current assets
Debtors 4 5,925 14,643
Cash at bank and in hand 10,661 18,585
16,586 33,228
Creditors: amounts falling due within one year 5 (8,829) (28,461)
Net current assets 7,757 4,767
Total assets less current liabilities 11,557 6,567
Creditors: amounts falling due after more than one year 6 (1,500) (1,000)
Net assets 10,057 5,567
Capital and reserves
Called up share capital 1 1
Profit and loss account 10,056 5,566
Shareholders' funds 10,057 5,567
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Glenday
Director
Approved by the board on 9 September 2024
Pgenet Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 2,430
Additions 2,803
At 31 January 2024 5,233
Depreciation
At 1 February 2023 630
Charge for the year 803
At 31 January 2024 1,433
Net book value
At 31 January 2024 3,800
At 31 January 2023 1,800
4 Debtors 2024 2023
£ £
Trade debtors 5,925 13,748
Other debtors - 895
5,925 14,643
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,208 780
Taxation and social security costs 7,621 9,681
Other creditors - 18,000
8,829 28,461
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 1,500 1,000
7 Other information
Pgenet Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
79 Peel Road
Glasgow
Scotland
G74 5AA
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