Company Registration No. 05698701 (England and Wales)
PG Jermy Limited
Unaudited accounts
for the year ended 31 March 2025
PG Jermy Limited
Unaudited accounts
Contents
PG Jermy Limited
Company Information
for the year ended 31 March 2025
Directors
P Jermy
Mrs D Jermy
Company Number
05698701 (England and Wales)
Registered Office
19 Hartwell Road
Wroxham
Norwich
Norfolk
NR12 8TL
Accountants
Accounting Associates Norwich Ltd
19 Hartwell Road
Wroxham
Norwich
Norfolk
NR12 8TL
PG Jermy Limited
Statement of financial position
as at 31 March 2025
Tangible assets
25,128
2,701
Investment property
585,000
605,995
Cash at bank and in hand
208,923
285,872
Creditors: amounts falling due within one year
(30,682)
(55,253)
Net current assets
180,990
233,806
Total assets less current liabilities
791,119
842,503
Provisions for liabilities
Deferred tax
(24,467)
(27,880)
Net assets
766,652
814,623
Called up share capital
2
2
Profit and loss account
766,650
814,621
Shareholders' funds
766,652
814,623
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.
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 11 December 2025 and were signed on its behalf by
P Jermy
Director
Company Registration No. 05698701
PG Jermy Limited
Notes to the Accounts
for the year ended 31 March 2025
PG Jermy Limited is a private company, limited by shares, registered in England and Wales, registration number 05698701. The registered office is 19 Hartwell Road, Wroxham, Norwich, Norfolk, NR12 8TL.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of painting, decorating and tiling services excluding value added tax. Turnover is recognised in the accounting period in which the services are rendered by reference to total sales value and stage of completion of these services.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
PG Jermy Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
60,000
1
60,001
At 31 March 2025
60,000
1
60,001
At 1 April 2024
60,000
-
60,000
At 31 March 2025
60,000
-
60,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
291
19,447
1,186
20,924
Additions
-
32,700
879
33,579
Disposals
-
(19,447)
-
(19,447)
At 31 March 2025
291
32,700
2,065
35,056
At 1 April 2024
274
16,763
1,186
18,223
Charge for the year
2
8,175
291
8,468
On disposals
-
(16,763)
-
(16,763)
At 31 March 2025
276
8,175
1,477
9,928
At 31 March 2025
15
24,525
588
25,128
At 31 March 2024
17
2,684
-
2,701
Fair value at 1 April 2024
605,995
Net loss from fair value adjustments
(20,995)
Investment properties were valued on an open market basis on 31 March 2023 by the director, Mr P Jermy.
PG Jermy Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
2,662
1,709
8
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
(2,826)
2,815
Loans from directors
30,809
50,976
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).