PG & JE Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08664970 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

PG & JE Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Hagon

Mrs J E Hagon

REGISTERED OFFICE:

3 Park Square East

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

08664970 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

340

670

Investments

5

230,416

225,000

230,756

225,670

CURRENT ASSETS

Debtors

6

5,047

-

Cash at bank and in hand

59,952

42,176

64,999

42,176

CREDITORS

Amounts falling due within one year

7

34,317

36,844

NET CURRENT ASSETS

30,682

5,332

TOTAL ASSETS LESS CURRENT LIABILITIES

261,438

231,002

CREDITORS

Amounts falling due after more than one year

8

230,159

230,075

NET ASSETS

31,279

927

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

31,079

727

SHAREHOLDERS' FUNDS

31,279

927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 May 2020 and were signed on its behalf by:

P Hagon - Director

1.	STATUTORY INFORMATION

PG & JE 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.

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

-

33% on cost

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.

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 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

and 31 August 2019

1,000

DEPRECIATION

At 1 September 2018

330

Charge for year

330

At 31 August 2019

660

NET BOOK VALUE

At 31 August 2019

340

At 31 August 2018

670

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2018

225,000

Additions

5,416

At 31 August 2019

230,416

NET BOOK VALUE

At 31 August 2019

230,416

At 31 August 2018

225,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Ward & Hagon Management Consulting LLP

5,047

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Tax

7,246

1,186

Directors' current accounts

5,050

1,014

Accrued expenses

22,021

34,644

34,317

36,844

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Amounts owed to group undertakings

230,159

230,075

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

£

200

Ordinary

£1

200

200

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.