Accounts filed on 31-10-2021

Accounts filed on 31-10-2021

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 31/10/2021
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 31/10/2021
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 THEYEARENDED31/10/2021
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 31/10/2021
20212020
Notes££
FIXED ASSETS
Tangible assets31,4241,898
CURRENT ASSETS
Debtors4131,808155,592
Cash at bank and in hand262,921290,780
394,729446,372
CREDITORS: Amounts falling due within one year5317,778326,680
NET CURRENT ASSETS76,951119,692
TOTAL ASSETS LESS CURRENT LIABILITIES78,375121,590
CREDITORS: Amounts falling due after more than one year6-50,000
PROVISIONS FOR LIABILITIES AND CHARGES8270361
NET ASSETS78,10571,229
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account78,00571,129
SHAREHOLDERS' FUNDS78,10571,229
For the year ending 31/10/2021 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 27/05/2022 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 31/10/2021
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. The pension charge represents the amounts payable by the company to the fund in respect of the year.
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 01/11/202028,38828,388
At 31/10/202128,38828,388
Depreciation
At 01/11/202028,38828,388
At 31/10/202128,38828,388
Net Book Amounts
At 31/10/2021--
P.G.L. Fresh Produce Services Ltd
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/11/20208,0008,000
At 31/10/20218,0008,000
Depreciation
At 01/11/20206,1026,102
For the year474474
At 31/10/20216,5766,576
Net Book Amounts
At 31/10/20211,4241,424
At 31/10/20201,8981,898
4. DEBTORS 20212020
££
Amounts falling due within one year
Trade debtors131,418155,119
Other debtors390473
131,808155,592
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
Directors current account180,830176,602
Trade creditors129,422138,907
Other creditors6,52610,171
Accruals1,0001,000
317,778326,680
P.G.L. Fresh Produce Services Ltd
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Bank loan-50,000
-50,000
7. EMPLOYEES
20212020
No.No.
Average number of employees11
8. PROVISIONS FOR LIABILITIES 20212020
££
Deferred taxation270361
270361
9. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
10. 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.