REGISTERED NUMBER: 06580766 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

P G MAC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Procter

Miss E L Gosling

REGISTERED OFFICE:

19 Linton Close

Bawtry

Doncaster

DN10 6XD

REGISTERED NUMBER:

06580766 (England and Wales)

ACCOUNTANTS:

Waite & Hartley

66 North Street

Wetherby

LS22 6NR

BANKERS:

National Westminster Bank plc

Market Place

Bawtry

Doncaster

DN10 6JL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

79,354

91,798

79,354

91,798

CURRENT ASSETS

Stocks

6

157,750

170,450

Debtors

7

100,862

159,995

Cash at bank

14,403

16,918

273,015

347,363

CREDITORS

Amounts falling due within one year

8

264,610

334,829

NET CURRENT ASSETS

8,405

12,534

TOTAL ASSETS LESS CURRENT LIABILITIES

87,759

104,332

CREDITORS

Amounts falling due after more than one year

9

(1,667

)

(14,677

)

PROVISIONS FOR LIABILITIES

(19,839

)

(22,949

)

NET ASSETS

66,253

66,706

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

66,153

66,606

SHAREHOLDERS' FUNDS

66,253

66,706

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th December 2025 and were signed on its behalf by:

P M Procter - Director

Miss E L Gosling - Director

1.	STATUTORY INFORMATION

P G Mac 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

80,532

AMORTISATION

At 1st April 2024

and 31st March 2025

80,532

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

9,266

204,645

30,605

44,787

289,303

Additions

-

3,860

1,510

-

5,370

At 31st March 2025

9,266

208,505

32,115

44,787

294,673

DEPRECIATION

At 1st April 2024

9,266

142,298

21,809

24,132

197,505

Charge for year

-

10,832

1,818

5,164

17,814

At 31st March 2025

9,266

153,130

23,627

29,296

215,319

NET BOOK VALUE

At 31st March 2025

-

55,375

8,488

15,491

79,354

At 31st March 2024

-

62,347

8,796

20,655

91,798

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2024

44,787

Transfer to ownership

(32,262

)

At 31st March 2025

12,525

DEPRECIATION

At 1st April 2024

24,132

Charge for year

1,762

Transfer to ownership

(18,653

)

At 31st March 2025

7,241

NET BOOK VALUE

At 31st March 2025

5,284

At 31st March 2024

20,655

6.

STOCKS

2025

2024

£

£

Stocks

95,000

127,157

Work-in-progress

62,750

43,293

157,750

170,450

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

82,405

159,395

VAT

17,857

-

Prepayments

600

600

100,862

159,995

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,884

33,176

Hire purchase contracts

3,010

6,343

Trade creditors

174,480

218,447

Tax

17,417

14,309

Social security and other taxes

3,404

2,542

VAT

-

11,847

Directors' current accounts

29,907

45,457

Accrued expenses

7,508

2,708

264,610

334,829

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,667

11,667

Hire purchase contracts

-

3,010

1,667

14,677

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Directors had made loans to the Company of £29,907 (2024 - £45,547).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P M Procter and Miss E L Gosling.