Company Registration No. 8023567 (England and Wales)
PG Framing Ltd
Unaudited accounts
for the year ended 30 June 2024
PG Framing Ltd
Unaudited accounts
Contents
PG Framing Ltd
Company Information
for the year ended 30 June 2024
Company Number
8023567 (England and Wales)
Registered Office
7 WREXHAM STREET
MOLD
FLINTSHIRE
CH7 1ET
Accountants
Corrine Bufton-Sales
10 Machynlleth Way
Connahs Quay
Deeside
Flintshire
CH5 4UG
PG Framing Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
44,891
43,422
Creditors: amounts falling due within one year
(44,832)
(41,988)
Net current assets
3,598
3,419
Called up share capital
2
2
Profit and loss account
3,596
3,492
Shareholders' funds
3,598
3,494
For the year ending 30 June 2024 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 7 October 2024 and were signed on its behalf by
Paul Griffiths
Director
Company Registration No. 8023567
PG Framing Ltd
Notes to the Accounts
for the year ended 30 June 2024
PG Framing Ltd is a private company, limited by shares, registered in England and Wales, registration number 8023567. The registered office is 7 WREXHAM STREET, MOLD, FLINTSHIRE, CH7 1ET.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Goodwill is amortised at rate of 10% on cost to write off the assets on a straight basis over their estimated useful economic lives.
Tangible fixed assets policy
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
Fixtures & fittings
25% on Cost
Computer equipment
25% on Cost
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
PG Framing Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
13,583
2,163
15,746
At 30 June 2024
13,583
2,163
15,746
At 1 July 2023
13,583
2,088
15,671
Charge for the year
-
75
75
At 30 June 2024
13,583
2,163
15,746
Amounts falling due within one year
Accrued income and prepayments
601
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,541
6,107
Taxes and social security
6,530
6,257
Proposed dividends
28,856
25,831
PG Framing Ltd
Notes to the Accounts
for the year ended 30 June 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).