PGB Architectural Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04449763 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2020

for

PGB Architectural Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Bamber

SECRETARY:

Mrs R J Thornber

REGISTERED OFFICE:

Lily Cottage

12 Glen Avenue

Knowle Green

Preston

Lancashire

PR3 2ZQ

REGISTERED NUMBER:

04449763 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

13,181

13,076

CURRENT ASSETS

Stocks

1,250

1,250

Debtors

5

33,149

50,587

Cash at bank

17,162

8,538

51,561

60,375

CREDITORS

Amounts falling due within one year

6

51,202

43,329

NET CURRENT ASSETS

359

17,046

TOTAL ASSETS LESS CURRENT LIABILITIES

13,540

30,122

PROVISIONS FOR LIABILITIES

2,504

2,484

NET ASSETS

11,036

27,638

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,936

27,538

SHAREHOLDERS' FUNDS

11,036

27,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2020 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 20th January 2021 and were signed by:

Mr P Bamber - Director

1.	STATUTORY INFORMATION

PGB Architectural Services 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 represents net invoiced services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2019

42,233

Additions

5,759

At 30th June 2020

47,992

DEPRECIATION

At 1st July 2019

29,157

Charge for year

5,654

At 30th June 2020

34,811

NET BOOK VALUE

At 30th June 2020

13,181

At 30th June 2019

13,076

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st July 2019

22,708

Transfer to ownership

(22,708

)

At 30th June 2020

-

DEPRECIATION

At 1st July 2019

13,128

Charge for year

2,395

Transfer to ownership

(15,523

)

At 30th June 2020

-

NET BOOK VALUE

At 30th June 2020

-

At 30th June 2019

9,580

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

32,371

49,017

Other debtors

778

1,570

33,149

50,587

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

-

1,833

Trade creditors

11,671

11,033

Taxation and social security

27,038

20,458

Other creditors

12,493

10,005

51,202

43,329

7.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

-

1,833

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director.