Caseware UK (AP4) 2023.0.135 2023.0.135 2022-07-01falseTake-away food shops and mobile food stands2222truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12699158 2022-07-01 2023-12-31 12699158 2021-07-01 2022-06-30 12699158 2023-12-31 12699158 2022-06-30 12699158 c:Director1 2022-07-01 2023-12-31 12699158 d:MotorVehicles 2022-07-01 2023-12-31 12699158 d:MotorVehicles 2023-12-31 12699158 d:MotorVehicles 2022-06-30 12699158 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 12699158 d:FurnitureFittings 2022-07-01 2023-12-31 12699158 d:FurnitureFittings 2023-12-31 12699158 d:FurnitureFittings 2022-06-30 12699158 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 12699158 d:OfficeEquipment 2022-07-01 2023-12-31 12699158 d:OfficeEquipment 2023-12-31 12699158 d:OfficeEquipment 2022-06-30 12699158 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 12699158 d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 12699158 d:CurrentFinancialInstruments 2023-12-31 12699158 d:CurrentFinancialInstruments 2022-06-30 12699158 d:Non-currentFinancialInstruments 2023-12-31 12699158 d:Non-currentFinancialInstruments 2022-06-30 12699158 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12699158 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12699158 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12699158 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 12699158 d:ShareCapital 2023-12-31 12699158 d:ShareCapital 2022-06-30 12699158 d:RetainedEarningsAccumulatedLosses 2023-12-31 12699158 d:RetainedEarningsAccumulatedLosses 2022-06-30 12699158 c:FRS102 2022-07-01 2023-12-31 12699158 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-12-31 12699158 c:FullAccounts 2022-07-01 2023-12-31 12699158 c:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 12699158 e:PoundSterling 2022-07-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 12699158













PEGB Ltd

Financial statements
Information for filing with the registrar

31 December 2023




 
PEGB Ltd


Balance sheet
At 31 December 2023

31 December
As restated
30 June
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
97,382
80,834

  
97,382
80,834

Current assets
  

Stocks
  
15,000
4,822

Debtors
 5 
158,018
39,508

Cash at bank and in hand
  
132,700
27,809

  
305,718
72,139

Creditors: amounts falling due within one year
 6 
(256,696)
(67,844)

Net current assets
  
 
 
49,022
 
 
4,295

Total assets less current liabilities
  
146,404
85,129

Creditors: amounts falling due after more than one year
  
(10,722)
-

Provisions for liabilities
  

Deferred tax
  
(28,928)
-

  
 
 
(28,928)
 
 
-

Net assets
  
106,754
85,129


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
106,753
85,128

Shareholders' funds
  
106,754
85,129


1

 
PEGB Ltd

    
Balance sheet (continued)
At 31 December 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2024.




E Dent
Director

Company registered number: 12699158
The notes on pages 3 to 7 form part of these financial statements. 

2

 
PEGB Ltd
 
 

Notes to the financial statements
Period ended 31 December 2023

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is 12 Station Road, Newcastle, Tyne & Wear, NE26 2RA. 

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is the amount derived from the sale of food products, stated net of value added tax. Revenue is recognised when control of the product is transferred to the customer. 

 
2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3

 
PEGB Ltd
 

 
Notes to the financial statements
Period ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line basis.

Depreciation is provided on the following basis:

Motor vehicles
-
33% reducing balance
Fixtures and fittings
-
20 year and 4 year straight line
Office equipment
-
3 year straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

4

 
PEGB Ltd
 

 
Notes to the financial statements
Period ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average number of employees, including directors, during the period was 26 (2022: 22). 



4.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022 (restated)
-
84,604
-
84,604


Additions
36,298
7,961
3,263
47,522



At 31 December 2023

36,298
92,565
3,263
132,126



Depreciation


At 1 July 2022
-
3,770
-
3,770


Charge for the period
7,503
22,984
487
30,974



At 31 December 2023

7,503
26,754
487
34,744



Net book value



At 31 December 2023
28,795
65,811
2,776
97,382



At 30 June 2022
-
80,834
-
80,834

5

 
PEGB Ltd
 
 

Notes to the financial statements
Period ended 31 December 2023

5.


Debtors

31 December
As restated
30 June
2023
2022
£
£


Trade debtors
20,128
2,758

Amounts owed by associated undertakings
68,544
-

Other debtors
69,346
36,750

158,018
39,508



6.


Creditors: amounts falling due within one year

31 December
As restated
30 June
2023
2022
£
£

Other loans
49,746
14,018

Trade creditors
25,000
-

Amounts owed to associated companies
97,548
-

Corporation tax
8,532
-

Other taxation and social security
55,208
50,303

Obligations under finance lease and hire purchase contracts
3,162
-

Other creditors
-
1,523

Accruals and deferred income
17,500
2,000

256,696
67,844



7.


Creditors: amounts falling due after more than one year

31 December
As restated
30 June
2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
10,722
-

10,722
-


6

 
PEGB Ltd
 
 

Notes to the financial statements
Period ended 31 December 2023

8.


Prior year adjustment

In the prior year there were errors and ommissions in the classification and inclusion of business expenditure. A prior year adjustment has been made to reflect the erroneous entries, and the impact of these on the financial statements has been recognised through the retained earnings.

7