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REGISTERED NUMBER: 06768260 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Percy Gardens Trust Committee - pgtc
Limited

Percy Gardens Trust Committee - pgtc
Limited (Registered number: 06768260)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Percy Gardens Trust Committee - pgtc
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E M Norman
A Thompson





REGISTERED OFFICE: 6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 OBU





REGISTERED NUMBER: 06768260 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Percy Gardens Trust Committee - pgtc
Limited (Registered number: 06768260)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 51,928 54,622

CURRENT ASSETS
Stocks 6,568 6,078
Debtors 6 1,698 -
Cash at bank and in hand 97,723 94,670
105,989 100,748
CREDITORS
Amounts falling due within one year 7 1,536 1,560
NET CURRENT ASSETS 104,453 99,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,381

153,810

CAPITAL AND RESERVES
Called up share capital 8 2 2
Other reserves 78,000 78,000
Retained earnings 78,379 75,808
SHAREHOLDERS' FUNDS 156,381 153,810

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.

Percy Gardens Trust Committee - pgtc
Limited (Registered number: 06768260)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:




E M Norman - Director



A Thompson - Director


Percy Gardens Trust Committee - pgtc
Limited (Registered number: 06768260)

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

1. STATUTORY INFORMATION

Percy Gardens Trust Committee - pgtc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and over the useful life of 30 years
Computer equipment - 20% 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Percy Gardens Trust Committee - pgtc
Limited (Registered number: 06768260)

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 62,970 651 63,621
DEPRECIATION
At 1 April 2023 8,569 430 8,999
Charge for year 2,650 44 2,694
At 31 March 2024 11,219 474 11,693
NET BOOK VALUE
At 31 March 2024 51,751 177 51,928
At 31 March 2023 54,401 221 54,622

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,698 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 73 103
Other creditors 1,463 1,457
1,536 1,560

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary 1 2 2