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Company Registration No. 11715924 (England and Wales)
PGN Limited Unaudited accounts for the year ended 31 December 2024
PGN Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PGN Limited Company Information for the year ended 31 December 2024
Directors
Srinivas Potluri Pavani Potluri
Company Number
11715924 (England and Wales)
Registered Office
190 Castle Lane West Bournemouth BH9 3JZ
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PGN Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,658
2,210
Current assets
Cash at bank and in hand
102,857
94,748
Creditors: amounts falling due within one year
5
(101,920)
(71,160)
Net current assets
937
23,588
Total assets less current liabilities
2,595
25,798
Creditors: amounts falling due after more than one year
6
(2,084)
(7,084)
Net assets
511
18,714
Capital and reserves
Called up share capital
2
2
Profit and loss account
509
18,712
Shareholders' funds
511
18,714
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
Srinivas Potluri Director Company Registration No. 11715924
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PGN Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PGN Limited is a private company, limited by shares, registered in England and Wales, registration number 11715924. The registered office is 190 Castle Lane West, Bournemouth, BH9 3JZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reduce balance basis
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
4,501
At 31 December 2024
4,501
Depreciation
At 1 January 2024
2,291
Charge for the year
552
At 31 December 2024
2,843
Net book value
At 31 December 2024
1,658
At 31 December 2023
2,210
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,000
5,000
VAT
5,704
4,154
Taxes and social security
5,102
17,011
Loans from directors
86,114
44,995
101,920
71,160
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PGN Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
2,084
7,084
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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