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REGISTERED NUMBER: 07597986 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PGCO Ltd

PGCO Ltd (Registered number: 07597986)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


PGCO Ltd (Registered number: 07597986)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,981 86,826

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 204,625 366,011
Cash at bank 61,889 50,097
269,014 418,608
CREDITORS
Amounts falling due within one year 6 282,088 399,529
NET CURRENT (LIABILITIES)/ASSETS (13,074 ) 19,079
TOTAL ASSETS LESS CURRENT LIABILITIES 51,907 105,905

CREDITORS
Amounts falling due after more than one year 7 (40,200 ) (59,800 )

PROVISIONS FOR LIABILITIES (10,569 ) (13,167 )
NET ASSETS 1,138 32,938

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 938 32,738
SHAREHOLDERS' FUNDS 1,138 32,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mr M Knipe - Director


PGCO Ltd (Registered number: 07597986)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PGCO Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07597986

Registered office: Barn Office 2, Holmes Chapel Road
Sproston
Near Holmes Chapel
Crewe
Cheshire
CW4 7LP

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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied. Therefore turnover also includes the element of work completed but not yet invoiced.

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 - 20% on reducing balance
Office equipment - 33% on cost
Motor vehicles - 25% on reducing balance
Computer software - 25% 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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

PGCO Ltd (Registered number: 07597986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles software Totals
£    £    £    £    £   
COST
At 1 April 2023 3,135 18,730 134,700 6,160 162,725
Additions - 1,813 - 1,566 3,379
At 31 March 2024 3,135 20,543 134,700 7,726 166,104
DEPRECIATION
At 1 April 2023 2,535 14,220 55,425 3,719 75,899
Charge for year 120 4,283 19,819 1,002 25,224
At 31 March 2024 2,655 18,503 75,244 4,721 101,123
NET BOOK VALUE
At 31 March 2024 480 2,040 59,456 3,005 64,981
At 31 March 2023 600 4,510 79,275 2,441 86,826

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 116,000
DEPRECIATION
At 1 April 2023 50,750
Charge for year 16,313
At 31 March 2024 67,063
NET BOOK VALUE
At 31 March 2024 48,937
At 31 March 2023 65,250

PGCO Ltd (Registered number: 07597986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 158,585 320,950
Other debtors 46,040 45,061
204,625 366,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,600 19,600
Trade creditors 126,800 130,290
Taxation and social security 125,185 110,030
Other creditors 10,503 139,609
282,088 399,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 40,200 59,800

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 59,800 79,400

The loans included within hire purchase are secured against the assets in the company.

9. OTHER FINANCIAL COMMITMENTS

At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £70,225 (2023: £33,321).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr M Knipe
Balance outstanding at start of year (986 ) (385 )
Amounts advanced 110,698 83,486
Amounts repaid (90,027 ) (84,087 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,685 (986 )