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Registered number: 08901241
PG London Construction Ltd
Financial Statements
For The Year Ended 31 March 2024
Southside Accountants
164A Merton Road
London
SW19 1EG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08901241
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 349 8,395
349 8,395
CURRENT ASSETS
Debtors 5 3,098 8,871
Cash at bank and in hand 260,895 251,731
263,993 260,602
Creditors: Amounts Falling Due Within One Year 6 (39,541 ) (39,405 )
NET CURRENT ASSETS (LIABILITIES) 224,452 221,197
TOTAL ASSETS LESS CURRENT LIABILITIES 224,801 229,592
NET ASSETS 224,801 229,592
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 223,801 228,592
SHAREHOLDERS' FUNDS 224,801 229,592
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Peter Gabor
Director
01/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PG London Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08901241 . The registered office is 26 Pitt Crescent, London, DW19 8HS.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% starightline
Motor Vehicles 20% starightline
Computer Equipment 25% starightline
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 6,815 53,983 890 61,688
As at 31 March 2024 6,815 53,983 890 61,688
Depreciation
As at 1 April 2023 6,815 46,160 318 53,293
Provided during the period - 7,823 223 8,046
As at 31 March 2024 6,815 53,983 541 61,339
Net Book Value
As at 31 March 2024 - - 349 349
As at 1 April 2023 - 7,823 572 8,395
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,016 -
Other debtors 1,082 1,082
VAT - 7,789
3,098 8,871
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16 16
Other taxes and social security 204 301
VAT 1,496 -
Other creditors - Barclaycard 210 1,775
Other creditors - CIS deductions 168 428
Accruals 672 -
Director's loan account 36,775 36,885
39,541 39,405
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Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 36,012 36,925
36,012 36,925
Page 5