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REGISTERED NUMBER: 11510850 (England and Wales)













Abridged Financial Statements

for the Year Ended 30 September 2024

for

Perkins George Mawer & Co. Limited

Perkins George Mawer & Co. Limited (Registered number: 11510850)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Perkins George Mawer & Co. Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr N Sharp
Mr E Moulds



REGISTERED OFFICE: Corn Exchange Chambers
Queen Street
MARKET RASEN
Lincolnshire
LN8 3EH



REGISTERED NUMBER: 11510850 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: HSBC
Cornmarket
LOUTH
Lincolnshire
LN11 9QB

Perkins George Mawer & Co. Limited (Registered number: 11510850)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,410
Tangible assets 5 9,169 11,235
9,169 18,645

CURRENT ASSETS
Stocks 976 1,196
Debtors 163,340 127,192
Cash at bank and in hand 74,058 120,332
238,374 248,720
CREDITORS
Amounts falling due within one year 81,640 133,106
NET CURRENT ASSETS 156,734 115,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,903

134,259

CREDITORS
Amounts falling due after more than
one year

(3,266

)

(7,237

)

PROVISIONS FOR LIABILITIES (1,267 ) (1,997 )
NET ASSETS 161,370 125,025

Perkins George Mawer & Co. Limited (Registered number: 11510850)

Abridged Balance Sheet - continued
30 September 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 161,270 124,925
161,370 125,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 March 2025 and were signed on its behalf by:





Mr N Sharp - Director


Perkins George Mawer & Co. Limited (Registered number: 11510850)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Perkins George Mawer & Co. 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank is classified as a basic financial instrument and is measured at transaction price.
Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.


Perkins George Mawer & Co. Limited (Registered number: 11510850)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 19 ) .

Perkins George Mawer & Co. Limited (Registered number: 11510850)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 123,450
AMORTISATION
At 1 October 2023 116,040
Amortisation for year 7,410
At 30 September 2024 123,450
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 7,410

Cost or valuation at 30 September 2024 is represented by:

Totals
£   
Valuation in 2021 123,450

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 23,264
Additions 299
At 30 September 2024 23,563
DEPRECIATION
At 1 October 2023 12,029
Charge for year 2,365
At 30 September 2024 14,394
NET BOOK VALUE
At 30 September 2024 9,169
At 30 September 2023 11,235

Perkins George Mawer & Co. Limited (Registered number: 11510850)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,269 13,538
Between one and five years 13,732 27,023
27,001 40,561

The operating leases are in reference to vehicles used by the directors. These are a 36 month term with a mileage restriction. Lease payments also include service charges.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr E Moulds
Balance outstanding at start of year - 2,158
Amounts advanced 1,349 1,141
Amounts repaid (312 ) (3,299 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,037 -

The loan is unsecured and interest free.