PG Commercial Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08283784 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

PG COMMERCIAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

5

DIRECTORS:

M Werner Hed

J Valender

REGISTERED OFFICE:

14 Long Grove Close

Broxbourne

Hertfordshire

EN10 7NP

REGISTERED NUMBER:

08283784 (England and Wales)

ACCOUNTANTS:

MTI Accounting Solutions Limited

14 Long Grove Close

Broxbourne

Hertfordshire

EN10 7NP

FIXED ASSETS

Intangible assets

2

2,850

Tangible assets

3

33,563

36,413

CURRENT ASSETS

Debtors

120,748

Cash at bank and in hand

20,280

141,028

CREDITORS

Amounts falling due within one year

166,739

NET CURRENT LIABILITIES

(25,711

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,702

PROVISIONS FOR LIABILITIES

6,713

NET ASSETS

3,989

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

3,889

SHAREHOLDERS' FUNDS

3,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 July 2014 and were signed on its behalf by:

M Werner Hed - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,000

At 30 November 2013

3,000

AMORTISATION

Amortisation for year

150

At 30 November 2013

150

NET BOOK VALUE

At 30 November 2013

2,850

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

41,954

At 30 November 2013

41,954

DEPRECIATION

Charge for year

8,391

At 30 November 2013

8,391

NET BOOK VALUE

At 30 November 2013

33,563

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of PG Commercial Limited for the year ended 30 November 2013 which comprise the Profit and

Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of PG Commercial Limited, as a body, in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PG

Commercial Limited and state those matters that we have agreed to state to the Board of Directors of PG Commercial

Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified

Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or

for this report.

It is your duty to ensure that PG Commercial Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PG

Commercial Limited. You consider that PG Commercial Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of PG Commercial Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MTI Accounting Solutions Limited

14 Long Grove Close

Broxbourne

Hertfordshire

EN10 7NP

7 July 2014