Company Registration No. 11371249 (England and Wales)
PGTP LTD
Unaudited accounts
for the year ended 31 March 2025
PGTP LTD
Unaudited accounts
Contents
PGTP LTD
Company Information
for the year ended 31 March 2025
Directors
James John Houlihan
Charlotte Jane Houlihan
Company Number
11371249 (England and Wales)
Registered Office
20 GRAHAME CLOSE
BLEWBURY
OX11 9QE
UNITED KINGDOM
Accountants
Edmil Accountants UK Ltd
78A Broadway
Didcot
Oxfordshire
OX11 8AE
PGTP LTD
Statement of financial position
as at 31 March 2025
Tangible assets
632,974
633,996
Cash at bank and in hand
24,906
10,171
Creditors: amounts falling due within one year
(2,509)
(4,121)
Net current assets
22,397
6,050
Total assets less current liabilities
655,371
640,046
Creditors: amounts falling due after more than one year
(620,195)
(611,222)
Provisions for liabilities
Deferred tax
(9,708)
(9,903)
Called up share capital
1
1
Profit and loss account
25,467
18,920
Shareholders' funds
25,468
18,921
For the year ending 31 March 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 6 October 2025 and were signed on its behalf by
James John Houlihan
Director
Company Registration No. 11371249
PGTP LTD
Notes to the Accounts
for the year ended 31 March 2025
PGTP LTD is a private company, limited by shares, registered in England and Wales, registration number 11371249. The registered office is 20 GRAHAME CLOSE, BLEWBURY, OX11 9QE, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard.
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:
Land & buildings
Over the lease term
Plant & machinery
Over 4 years
Fixtures & fittings
Over 4 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PGTP LTD
Notes to the Accounts
for the year ended 31 March 2025
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the
reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on
the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be
obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis
over the lease term.
4
Tangible fixed assets
Total
5
Deferred taxation
2025
2024
Accelerated capital allowances
9,708
9,903
Provision at start of year
9,903
9,475
(Credited)/charged to the profit and loss account
(195)
428
Provision at end of year
9,708
9,903
Provision for liabilities are recogniosed when there is an obligation at the reporting date as a result of past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
PGTP LTD
Notes to the Accounts
for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
9
Reconciliations on adoption of FRS 102