Accounts filed on 31-10-2018

Accounts filed on 31-10-2018

P.G.L. FRESH PRODUCE SERVICES LTD - Company Information

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Registered number: 08725499
P.G.L. Fresh Produce Services Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/10/2018
Prepared By:
Ray Mabbett Accountancy
Accountants
Unit 1, Freemantle Business Centre
152, Millbrook Road East
Southampton
Hampshire
SO15 1JR
P.G.L. Fresh Produce Services Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/10/2018
DIRECTORS
P G Lacey
REGISTERED OFFICE
Unit 1 Freemantle Bus Centre
152 Millbrook Road East
Southampton
Hampshire
SO15 1JR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08725499
ACCOUNTANTS
Ray Mabbett Accountancy
Accountants
Unit 1, Freemantle Business Centre
152, Millbrook Road East
Southampton
Hampshire
SO15 1JR
P.G.L. Fresh Produce Services Ltd
ACCOUNTS
FOR THEYEARENDED31/10/2018
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
P.G.L. Fresh Produce Services Ltd
BALANCE SHEET AT 31/10/2018
20182017
Notes££
FIXED ASSETS
Intangible assets2-5,680
Tangible assets33,3754,500
3,37510,180
CURRENT ASSETS
Debtors4162,065207,296
Cash at bank and in hand251,474226,070
413,539433,366
CREDITORS: Amounts falling due within one year5347,928374,767
NET CURRENT ASSETS65,61158,599
TOTAL ASSETS LESS CURRENT LIABILITIES68,98668,779
PROVISIONS FOR LIABILITIES AND CHARGES7641855
NET ASSETS68,34567,924
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account68,24567,824
SHAREHOLDERS' FUNDS68,34567,924
For the year ending 31/10/2018 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/03/2019 and signed on their behalf by
.............................
P G Lacey
Director
P.G.L. Fresh Produce Services Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/201728,38828,388
At 31/10/201828,38828,388
Depreciation
At 01/11/201722,70822,708
For the year5,6805,680
At 31/10/201828,38828,388
Net Book Amounts
At 31/10/2018--
At 31/10/20175,6805,680
P.G.L. Fresh Produce Services Ltd
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/11/20178,0008,000
At 31/10/20188,0008,000
Depreciation
At 01/11/20173,5003,500
For the year1,1251,125
At 31/10/20184,6254,625
Net Book Amounts
At 31/10/20183,3753,375
At 31/10/20174,5004,500
4. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors161,640207,175
Other debtors425121
162,065207,296
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
Directors current account198,667195,868
Trade creditors141,843173,563
Other creditors6,4184,336
Accruals1,0001,000
347,928374,767
6. EMPLOYEES
20182017
No.No.
Average number of employees11
P.G.L. Fresh Produce Services Ltd
7. PROVISIONS FOR LIABILITIES 20182017
££
Deferred taxation641855
641855
8. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
9. CONTROLLING PARTY
The company was under the control of P G Lacey, the sole director and shareholder, throughout the whole of the current, and previous, period.