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REGISTERED NUMBER: 05914061 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PETRIE GOUGH LIMITED

PETRIE GOUGH LIMITED (REGISTERED NUMBER: 05914061)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETRIE GOUGH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A A Elson





SECRETARY: P A Elson





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 05914061 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

PETRIE GOUGH LIMITED (REGISTERED NUMBER: 05914061)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452,610 379,607

CURRENT ASSETS
Stocks 226,836 204,971
Debtors 5 4,769,626 3,203,725
Cash at bank and in hand 39,974 24,511
5,036,436 3,433,207
CREDITORS
Amounts falling due within one year 6 3,990,804 2,421,408
NET CURRENT ASSETS 1,045,632 1,011,799
TOTAL ASSETS LESS CURRENT LIABILITIES 1,498,242 1,391,406

CREDITORS
Amounts falling due after more than one year 7 (121,676 ) (149,887 )

PROVISIONS FOR LIABILITIES 10 (113,152 ) (73,665 )
NET ASSETS 1,263,414 1,167,854

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,263,412 1,167,852
SHAREHOLDERS' FUNDS 1,263,414 1,167,854

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 director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:



A A Elson - Director


PETRIE GOUGH LIMITED (REGISTERED NUMBER: 05914061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Petrie Gough 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents recruitment and support services and vending sales provided during the period, exclusive of Value Added Tax.

Turnover is recognised in the period the service or sale was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33.33% on cost

Stocks
Stocks are stated at the lower of cost or estimated selling price. Cost includes all costs of purchase. Selling price is defined as the amount the company can reasonably expect to receive on the sale of goods.

Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

PETRIE GOUGH LIMITED (REGISTERED NUMBER: 05914061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 656,273
Additions 118,949
At 31 March 2024 775,222
DEPRECIATION
At 1 April 2023 276,666
Charge for year 45,946
At 31 March 2024 322,612
NET BOOK VALUE
At 31 March 2024 452,610
At 31 March 2023 379,607

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,062,159 2,108,843
Other debtors 1,707,467 1,094,882
4,769,626 3,203,725

Invoice discounted debts included within trade debtors amount to £2,373,903 (2023 - £1,365,202).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,110,270 514,497
Hire purchase contracts (see note 8) 30,272 15,386
Trade creditors 2,375,266 1,445,269
Taxation and social security 141,695 91,370
Other creditors 333,301 354,886
3,990,804 2,421,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 62,500 112,500
Hire purchase contracts (see note 8) 59,176 37,387
121,676 149,887

PETRIE GOUGH LIMITED (REGISTERED NUMBER: 05914061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 30,272 15,386
Between one and five years 59,176 37,387
89,448 52,773

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 95,488 95,488
Between one and five years 47,744 143,232
143,232 238,720

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 89,448 52,773

The Royal Bank of Scotland Plc holds a debenture charge, registered 18 October 2006, over all monies due or to become due by the company.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 113,152 73,665

Deferred
tax
£   
Balance at 1 April 2023 73,665
Provided during year 39,487
Balance at 31 March 2024 113,152

PETRIE GOUGH LIMITED (REGISTERED NUMBER: 05914061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A 1p 1 1
50 Ordinary B 1p 1 1
2 2

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Director
Balance outstanding at start of year (7,138 ) (15,840 )
Amounts advanced 4,570 8,702
Amounts repaid (4,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,068 ) (7,138 )

The above loan is interest free.