Company Registration No. 09429937 (England and Wales)
PGRL LTD
Unaudited accounts
for the year ended 31 May 2025
PGRL LTD
Unaudited accounts
Contents
PGRL LTD
Company Information
for the year ended 31 May 2025
Company Number
09429937 (England and Wales)
Registered Office
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
United Kingdom
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
PGRL LTD
Statement of financial position
as at 31 May 2025
Tangible assets
47,994
47,994
Inventories
718,392
519,570
Cash at bank and in hand
338
-
Creditors: amounts falling due within one year
(1,095,648)
(808,365)
Net current liabilities
(376,918)
(288,795)
Total assets less current liabilities
(328,924)
(240,801)
Creditors: amounts falling due after more than one year
(99,579)
29,665
Net liabilities
(428,503)
(211,136)
Called up share capital
100
100
Profit and loss account
(428,603)
(211,236)
Shareholders' funds
(428,503)
(211,136)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 8 May 2026 and were signed on its behalf by
P M Grayson
Director
Company Registration No. 09429937
PGRL LTD
Notes to the Accounts
for the year ended 31 May 2025
PGRL LTD is a private company, limited by shares, registered in England and Wales, registration number 09429937. The registered office is 7 High Street, Chapel-en-le-Frith, High Peak, SK23 0HD, 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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
There was a net deficiency of assets at the balance sheet date, however the director has confirmed continued support from the rest of the group and considers the company retains sufficient working capital to continue trading for the foreseeable future.
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:
PGRL LTD
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
1,068,105
808,305
6
Creditors: amounts falling due after more than one year
2025
2024
Taxes and social security
(1,618)
(38,246)
Loans from directors
101,197
8,581
7
Transactions with related parties
During the year the company was loaned capital by its parent, PMGP Ltd. At the year end the balance owing was £848,534 (2024 - £613,658). The company also loaned capital from a company within the same group, Graysons H & E Services Ltd. At the year the balance owing was £219,571 (2024 - £194,647).
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).