M. Pegram and Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02109668 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

M. PEGRAM AND ASSOCIATES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M C Pegram

J M Pegram

SECRETARY:

R Adams

REGISTERED OFFICE:

12-13 Thames Street

Sunbury on Thames

Middlesex

TW16 5QP

REGISTERED NUMBER:

02109668 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

9,500

10,951

CURRENT ASSETS

Debtors

5

210,602

151,809

Cash at bank

116,610

89,785

327,212

241,594

CREDITORS

Amounts falling due within one year

6

170,066

119,398

NET CURRENT ASSETS

157,146

122,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

166,646

133,147

PROVISIONS FOR LIABILITIES

7

2,375

2,738

NET ASSETS

164,271

130,409

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

164,171

130,309

164,271

130,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

M C Pegram - Director

1.	STATUTORY INFORMATION

M. Pegram and Associates 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 represents net invoiced sales of services, excluding value added tax.

Turnover is recognised in the month in which services are provided and accrued income is included where it is appropriate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

not provided

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 June 2024

and 31 May 2025

5,985

444

19,704

26,133

DEPRECIATION

At 1 June 2024

-

363

14,819

15,182

Charge for year

-

75

1,376

1,451

At 31 May 2025

-

438

16,195

16,633

NET BOOK VALUE

At 31 May 2025

5,985

6

3,509

9,500

At 31 May 2024

5,985

81

4,885

10,951

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

113,851

61,184

Other debtors

96,751

90,625

210,602

151,809

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade creditors

2,513

-

Taxation and social security

139,499

97,407

Other creditors

28,054

21,991

170,066

119,398

7.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

Deferred tax

2,375

2,738

Deferred

tax

£

Balance at 1 June 2024

2,738

Movement

(363

)

Balance at 31 May 2025

2,375

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Nominal

31.5.25

31.5.24

Number:

Class:

Value:

£

54

Ordinary A

£1

54

36

Ordinary B

£1

36

10

Ordinary C

£1

10

100

All shares rank pari passu in all respects.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

Director

Balance outstanding at start of year

(9,752

)

17,109

Amounts advanced

78,098

86,242

Amounts repaid

(69,113

)

(113,103

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(767

)

(9,752

)

Director

Balance outstanding at start of year

22,705

(2,442

)

Amounts advanced

82,064

139,643

Amounts repaid

(112,825

)

(114,496

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(8,056

)

22,705

Interest is charged on the loans at a rate of 3.75% per annum.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £927 to a shareholder (2024 - £7,387) .This loan is interest free.