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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
Page
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PG Framing Ltd Company Information for the year ended 30 June 2024
Director
Paul Griffiths
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
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PG Framing Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
75 
Current assets
Inventories
3,004 
2,000 
Debtors
535 
(15)
Cash at bank and in hand
44,891 
43,422 
48,430 
45,407 
Creditors: amounts falling due within one year
(44,832)
(41,988)
Net current assets
3,598 
3,419 
Net assets
3,598 
3,494 
Capital and reserves
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
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PG Framing Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Intangible fixed assets
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
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.
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PG Framing Ltd Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
43,500 
At 30 June 2024
43,500 
Amortisation
At 1 July 2023
43,500 
At 30 June 2024
43,500 
Net book value
At 30 June 2024
- 
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 
Depreciation
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 
Net book value
At 30 June 2024
- 
- 
- 
At 30 June 2023
- 
75 
75 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(66)
(15)
Accrued income and prepayments
601 
- 
535 
(15)
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,905 
2,874 
Trade creditors
5,541 
6,107 
Taxes and social security
6,530 
6,257 
Proposed dividends
28,856 
25,831 
Other creditors
- 
919 
44,832 
41,988 
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PG Framing Ltd Notes to the Accounts for the year ended 30 June 2024
8
Share capital
2024 
2023 
£ 
£ 
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).
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