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REGISTERED NUMBER: 02363543 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 May 2024

for

Permagard Products Limited

Permagard Products Limited (Registered number: 02363543)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Permagard Products Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D.J. Wookey
S Wookey





SECRETARY: Mrs A E M Wookey





REGISTERED OFFICE: The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE





REGISTERED NUMBER: 02363543 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Permagard Products Limited (Registered number: 02363543)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 573,328 526,898
573,328 526,898

CURRENT ASSETS
Stocks 328,746 262,847
Debtors 6 125,386 112,903
Cash at bank 477,538 378,208
931,670 753,958
CREDITORS
Amounts falling due within one year 7 536,466 352,549
NET CURRENT ASSETS 395,204 401,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

968,532

928,307

CREDITORS
Amounts falling due after more than one year 8 (68,815 ) (22,896 )

PROVISIONS FOR LIABILITIES - (9,836 )
NET ASSETS 899,717 895,575

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 899,517 895,375
SHAREHOLDERS' FUNDS 899,717 895,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Permagard Products Limited (Registered number: 02363543)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





S Wookey - Director


Permagard Products Limited (Registered number: 02363543)

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

1. STATUTORY INFORMATION

Permagard Products 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Patents and licences

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Short leasehold - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 13 ) .

Permagard Products Limited (Registered number: 02363543)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 7,093
AMORTISATION
At 1 June 2023
and 31 May 2024 7,093
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1 June 2023 395,271 3,050 34,316 167,165
Additions - - - -
At 31 May 2024 395,271 3,050 34,316 167,165
DEPRECIATION
At 1 June 2023 4,077 3,050 - 113,431
Charge for year - - - 9,263
At 31 May 2024 4,077 3,050 - 122,694
NET BOOK VALUE
At 31 May 2024 391,194 - 34,316 44,471
At 31 May 2023 391,194 - 34,316 53,734

Permagard Products Limited (Registered number: 02363543)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 35,029 62,650 64,828 762,309
Additions - 83,705 - 83,705
At 31 May 2024 35,029 146,355 64,828 846,014
DEPRECIATION
At 1 June 2023 28,955 28,391 57,507 235,411
Charge for year 911 22,325 4,776 37,275
At 31 May 2024 29,866 50,716 62,283 272,686
NET BOOK VALUE
At 31 May 2024 5,163 95,639 2,545 573,328
At 31 May 2023 6,074 34,259 7,321 526,898

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 41,950
Additions 83,705
At 31 May 2024 125,655
DEPRECIATION
At 1 June 2023 10,488
Charge for year 21,626
At 31 May 2024 32,114
NET BOOK VALUE
At 31 May 2024 93,541
At 31 May 2023 31,462

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,425 62,640
Other debtors 62,961 50,263
125,386 112,903

Permagard Products Limited (Registered number: 02363543)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 18,167 4,502
Trade creditors 382,616 240,592
Taxation and social security 112,714 86,503
Other creditors 22,969 20,952
536,466 352,549

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 68,815 22,896

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 18,167 4,502
Between one and five years 68,815 22,896
86,982 27,398

Non-cancellable operating leases
2024 2023
£    £   
Within one year 39,466 32,428
Between one and five years 18,790 69,176
58,256 101,604

Permagard Products Limited (Registered number: 02363543)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
D.J. Wookey
Balance outstanding at start of year (252 ) (252 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (252 ) (252 )

The loan is unsecured, interest free, and repayable on demand.