Company Registration No. 14221411 (England and Wales)
PCGA Ltd
Unaudited accounts
for the year ended 31 July 2024
PCGA Ltd
Unaudited accounts
Contents
PCGA Ltd
Company Information
for the year ended 31 July 2024
Company Number
14221411 (England and Wales)
Registered Office
220 FINDON ROAD
WORTHING
WEST SUSSEX
BN14 0EJ
ENGLAND
Accountants
JP Accountancy Services (Sussex) Limited
5 Fairfield Way
Ashington
Pulborough
West Sussex
RH20 3LA
PCGA Ltd
Statement of financial position
as at 31 July 2024
Called up share capital not paid
-
1
Investment property
681,376
-
Cash at bank and in hand
654
-
Creditors: amounts falling due within one year
(122,431)
-
Net current liabilities
(121,277)
-
Total assets less current liabilities
560,099
1
Creditors: amounts falling due after more than one year
(555,942)
-
Called up share capital
1
1
Profit and loss account
4,156
-
Shareholders' funds
4,157
1
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 8 January 2025 and were signed on its behalf by
Mr Caleb Boddy
Director
Company Registration No. 14221411
PCGA Ltd
Notes to the Accounts
for the year ended 31 July 2024
PCGA Ltd is a private company, limited by shares, registered in England and Wales, registration number 14221411. The registered office is 220 FINDON ROAD, WORTHING, WEST SUSSEX, BN14 0EJ, ENGLAND.
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.
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 7 July 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
PCGA Ltd
Notes to the Accounts
for the year ended 31 July 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The investment properties were purchased close to the balance sheet date and therefore a valuation has not been considered necessary by the director.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
975
-
Loans from directors
119,468
-
7
Creditors: amounts falling due after more than one year
2024
2023
There are two mortgages in place which are repaid on an interest only basis; these mortgages are secured over the investment properties.
8
Transactions with related parties
During the year, the director, Caleb Boddy, loaned the company funds of £119,469 (2023:£nil). At the balance sheet date, the company owed its director £119,469 (2023: £nil).
Arun Goldsmiths Co. Ltd is a company under common control. During the year, the company invoiced Arun Goldsmiths Co. Ltd £27,500 (2023: £nil) for services rendered. The company also received a loan of £79,736 (2023: £nil) from Arun Goldsmiths Co. Ltd which is repayable on demand and free of interest. At the balance sheet date, the company owed Arun Goldsmiths Co. Ltd £79,736 (2023: £nil).
PCGA Ltd
Notes to the Accounts
for the year ended 31 July 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).