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COMPANY REGISTRATION NUMBER: 4055807
Pexgo Limited
Filleted Unaudited Financial Statements
For the Period Ended
23 August 2024
Pexgo Limited
Financial Statements
Period from 1st September 2023 to 23rd August 2024
Contents
Page
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
3
Pexgo Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Pexgo Limited
Period from 1st September 2023 to 23rd August 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 23rd August 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
28 May 2025
Pexgo Limited
Statement of Financial Position
23 August 2024
23 Aug 24
31 Aug 23
Note
£
£
£
Current Assets
Debtors
5
64,866
62,220
Cash at bank and in hand
175
34,219
--------
--------
65,041
96,439
Creditors: amounts falling due within one year
6
96,219
103,508
--------
---------
Net Current Liabilities
31,178
7,069
--------
-------
Total Assets Less Current Liabilities
( 31,178)
( 7,069)
--------
-------
Net Liabilities
( 31,178)
( 7,069)
--------
-------
Capital and Reserves
Called up share capital
100
100
Profit and loss account
( 31,278)
( 7,169)
--------
-------
Shareholders Deficit
( 31,178)
( 7,069)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 23rd August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
S. Miller
Director
Company registration number: 4055807
Pexgo Limited
Notes to the Financial Statements
Period from 1st September 2023 to 23rd August 2024
1. General Information
The company is a private company limited by shares, registered in England. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. 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.
4. Employee Numbers
The average number of persons employed by the company during the period amounted to 4 (2023: 4 ).
5. Debtors
23 Aug 24
31 Aug 23
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
64,724
62,203
Other debtors
142
17
--------
--------
64,866
62,220
--------
--------
6. Creditors: amounts falling due within one year
23 Aug 24
31 Aug 23
£
£
Bank loans and overdrafts
30,826
35,725
Trade creditors
38,171
Social security and other taxes
2,716
Other creditors
65,393
26,896
--------
---------
96,219
103,508
--------
---------