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Company Registration No. 09429937 (England and Wales)
PGRL LTD Unaudited accounts for the year ended 31 May 2023
PGRL LTD Unaudited accounts Contents
Page
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PGRL LTD Company Information for the year ended 31 May 2023
Director
P M Grayson
Company Number
09429937 (England and Wales)
Registered Office
7 High Street Chapel-en-le-Frith High Peak SK23 0HD United Kingdom
Accountants
Stoney Philbin & Company Limited 7 High Street Chapel-en-le-Frith High Peak SK23 0HD
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PGRL LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
428,630 
304,414 
Debtors
- 
36,000 
428,630 
340,414 
Creditors: amounts falling due within one year
(514,482)
(357,445)
Net current liabilities
(85,852)
(17,031)
Total assets less current liabilities
(85,852)
(17,031)
Creditors: amounts falling due after more than one year
10,559 
7,254 
Net liabilities
(75,293)
(9,777)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(75,393)
(9,877)
Shareholders' funds
(75,293)
(9,777)
For the year ending 31 May 2023 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 8 January 2025 and were signed on its behalf by
P M Grayson Director Company Registration No. 09429937
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PGRL LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
PGRL LTD is a private company, limited by shares, registered in England and Wales, registration number 09429937. The registered office is 7 High Street, Chapel-en-le-Frith, High Peak, SK23 0HD, United Kingdom.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
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.
Going concern
There was a net deficiency of assets at the balance sheet date, however the director has confirmed continued support from the rest of the group and considers the company retains sufficient working capital to continue trading for the foreseeable future.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
36,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
46,331 
Amounts owed to group undertakings and other participating interests
473,152 
304,314 
Accruals
41,330 
6,800 
514,482 
357,445 
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PGRL LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
(14,193)
(7,364)
Loans from directors
3,634 
110 
(10,559)
(7,254)
7
Transactions with related parties
During the year the company was loaned capital by its parent, PMGP Ltd. At the year end the balance owing was £427,055 (2022 - £304,314). The company also loaned capital from a company within the same group, Graysons H & E Services Ltd. At the year the balance owing was £46,098 (2022 - £nil).
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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