P & G 2014 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09194374 (England and Wales)

P & G 2014 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

P A Hajduk

Mrs G A Hajduk

REGISTERED OFFICE:

24 Commerce Road

Lynch Wood

Peterborough

Cambridgeshire

PE2 6LR

REGISTERED NUMBER:

09194374 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

4

48,606

102,114

Tangible assets

5

1,879

3,573

Investments

6

275,081

275,081

325,566

380,768

CURRENT ASSETS

Debtors

7

66,205

34,918

Cash at bank and in hand

313,863

299,164

380,068

334,082

CREDITORS

Amounts falling due within one year

8

18,381

16,509

NET CURRENT ASSETS

361,687

317,573

TOTAL ASSETS LESS CURRENT LIABILITIES

687,253

698,341

CAPITAL AND RESERVES

Called up share capital

9

255

255

Merger reserves

274,845

274,845

Retained earnings

412,153

423,241

SHAREHOLDERS' FUNDS

687,253

698,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 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 Board of Directors and authorised for issue on 5 May 2022 and were signed on its behalf by:

P A Hajduk - Director

1.	STATUTORY INFORMATION

P & G 2014 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software development are being amortised evenly over their estimated useful life of five 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

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2020

214,619

Additions

31,754

Disposals

(166,208

)

At 31 August 2021

80,165

AMORTISATION

At 1 September 2020

112,505

Charge for year

16,033

Eliminated on disposal

(96,979

)

At 31 August 2021

31,559

NET BOOK VALUE

At 31 August 2021

48,606

At 31 August 2020

102,114

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

8,617

Additions

153

At 31 August 2021

8,770

DEPRECIATION

At 1 September 2020

5,044

Charge for year

1,847

At 31 August 2021

6,891

NET BOOK VALUE

At 31 August 2021

1,879

At 31 August 2020

3,573

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2020

and 31 August 2021

275,081

NET BOOK VALUE

At 31 August 2021

275,081

At 31 August 2020

275,081

7.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

8,245

7,311

Other debtors

4,742

27,607

12,987

34,918

Amounts falling due after more than one year:

Other debtors

53,218

-

Aggregate amounts

66,205

34,918

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

12,448

14,894

Other creditors

5,933

1,615

18,381

16,509

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

255

Ordinary Shares

£1

255

255