REGISTERED NUMBER: 04830405 (England and Wales)

PPG ACCOUNTANTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

D T Guest

SECRETARY:

Mrs J Guest

REGISTERED OFFICE:

Ferndale House

3 Firs Street

Dudley

West Midlands

DY2 7DN

REGISTERED NUMBER:

04830405 (England and Wales)

ACCOUNTANTS:

PPG Accountants Ltd

Ferndale House

3 Firs Street

Dudley

West Midlands

DY2 7DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

75

99

75

99

CURRENT ASSETS

Stocks

18,298

18,270

Debtors

6

22,777

6,745

Cash at bank

2,071

26,102

43,146

51,117

CREDITORS

Amounts falling due within one year

7

56,361

52,436

NET CURRENT LIABILITIES

(13,215

)

(1,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,140

)

(1,220

)

CREDITORS

Amounts falling due after more than one year

8

4,754

10,306

NET LIABILITIES

(17,894

)

(11,526

)

CAPITAL AND RESERVES

Called up share capital

10

5,000

5,000

Retained earnings

11

(22,894

)

(16,526

)

SHAREHOLDERS' FUNDS

13

(17,894

)

(11,526

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 April 2026 and were signed by:

D T Guest - Director

1.	STATUTORY INFORMATION

PPG ACCOUNTANTS 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 2003, is being amortised evenly over its estimated useful life of five 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

119,180

AMORTISATION

At 1 September 2024

and 31 August 2025

119,180

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

16,842

15,488

32,330

DEPRECIATION

At 1 September 2024

16,800

15,431

32,231

Charge for year

10

14

24

At 31 August 2025

16,810

15,445

32,255

NET BOOK VALUE

At 31 August 2025

32

43

75

At 31 August 2024

42

57

99

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bad debt provision

(9,128

)

(9,128

)

Sales Ledger Control

30,618

15,423

Other debtors

1,287

-

VAT

-

450

22,777

6,745

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,987

4,573

Purchase ledger control

832

3,452

Other creditors

-

1,742

P A Y E control

1,423

1,225

VAT

1,676

-

Directors' current accounts

48,443

41,444

56,361

52,436

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

4,754

10,306

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

3,987

4,573

D T Guest has provided a personal guarantee in respect of the bank overdraft facility. HSBC has a Fixed and Floating charge over the whole of the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

£1

5,000

5,000

11.

RESERVES

Retained

earnings

£

At 1 September 2024

(16,526

)

Deficit for the year

(6,368

)

At 31 August 2025

(22,894

)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is David T Guest

13.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2025

2024

£

£

Loss for the financial year

(6,368

)

(10,677

)

Opening shareholders funds

Net reduction of shareholders' funds

(6,368

)

(10,677

)

Opening shareholders' funds

(11,526

)

(849

)

Closing shareholders' funds

(17,894

)

(11,526

)