PGSD Limited - Accounts to registrar (filleted) - small 18.2

PGSD Limited - Accounts to registrar (filleted) - small 18.2

PGSD LIMITED - Company Information

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REGISTERED NUMBER: 02316661 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2022

for

PGSD LIMITED
PGSD LIMITED (REGISTERED NUMBER: 02316661)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PGSD LIMITED

Company Information
for the Year Ended 31st March 2022







DIRECTOR: M Hooley





REGISTERED OFFICE: 39-41 Ivy Road
Hounslow
Middlesex
TW3 2DH





REGISTERED NUMBER: 02316661 (England and Wales)





ACCOUNTANTS: Quantulus Limited
Accountants & Business Advisors
Spen Cottage
Coombe Lane
Hughenden Valley
Buckinghamshire
HP14 4NX
Page 1
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Balance Sheet
31st March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 871
Tangible assets 5 - -
- 871

CURRENT ASSETS
Stocks 204,799 191,999
Debtors 6 654,117 1,007,958
Cash at bank and in hand 206,778 226,131
1,065,694 1,426,088
CREDITORS
Amounts falling due within one year 7 293,815 722,549
NET CURRENT ASSETS 771,879 703,539
TOTAL ASSETS LESS CURRENT
LIABILITIES
771,879
704,410

CREDITORS
Amounts falling due after more than one
year
8
39,077
-
NET ASSETS 732,802 704,410

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 732,799 704,407
SHAREHOLDERS' FUNDS 732,802 704,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 notes form part of these financial statements

Page 2 continued...
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Balance Sheet - continued
31st March 2022


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 24th August 2022 and were signed by:





M Hooley - Director


The notes form part of these financial statements

Page 3
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

PGSD 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - over life of the lease

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Page 4 continued...
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2021 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2021
and 31st March 2022 146,887
AMORTISATION
At 1st April 2021 146,016
Amortisation for year 871
At 31st March 2022 146,887
NET BOOK VALUE
At 31st March 2022 -
At 31st March 2021 871

5. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1st April 2021
and 31st March 2022 55,120
DEPRECIATION
At 1st April 2021
and 31st March 2022 55,120
NET BOOK VALUE
At 31st March 2022 -
At 31st March 2021 -

Page 5 continued...
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 257,346 617,941
Other debtors 396,771 390,017
654,117 1,007,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 6,756 50,000
Trade creditors 198,797 319,851
Taxation and social security 54,415 222,048
Other creditors 33,847 130,650
293,815 722,549

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 39,077 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Personal Garden Services Limited.

The ultimate controlling party is Personal Garden Services Limited.

Page 6