P. G. L. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00222234 (England and Wales)

P. G. L. Limited

Unaudited Financial Statements

for the Year Ended 31 March 2021

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

P Waterhouse

Mrs B Waterhouse

Secretary:

Mrs B Waterhouse

Registered office:

76 Manchester Road

Denton

Manchester

M34 3PS

Registered number:

00222234 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

76 Manchester Road

Denton

Manchester

M34 3PS

Fixed assets

Tangible assets

4

285

418

Investment property

5

-

238,860

285

239,278

Current assets

Cash at bank

677,743

32,136

Creditors

Amounts falling due within one year

6

(155,609

)

(113,889

)

Net current assets/(liabilities)

522,134

(81,753

)

Total assets less current liabilities

522,419

157,525

Capital and reserves

Called up share capital

1,885

1,885

Retained earnings

520,534

155,640

Shareholders' funds

522,419

157,525

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 September 2021 and were signed on its behalf by:

P Waterhouse - Director

1.	Statutory information

P. G. L. 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 rental charges,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.

Short leasehold land and buildings

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

4.	Tangible fixed assets

Short

leasehold

Fixtures

land and

Plant and

and

Computer

buildings

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2020

6,141

4,241

17,796

676

28,854

Disposals

(6,141

)

(4,241

)

(17,796

)

-

(28,178

)

At 31 March 2021

-

-

-

676

676

Depreciation

At 1 April 2020

6,122

4,234

17,784

296

28,436

Charge for year

-

-

-

95

95

Eliminated on disposal

(6,122

)

(4,234

)

(17,784

)

-

(28,140

)

At 31 March 2021

-

-

-

391

391

Net book value

At 31 March 2021

-

-

-

285

285

At 31 March 2020

19

7

12

380

418

5.	Investment property

Total

£

Fair value

At 1 April 2020

238,860

Disposals

(238,860

)

At 31 March 2021

-

Net book value

At 31 March 2021

-

At 31 March 2020

238,860

6.

Creditors: amounts falling due within one year

31.3.21

31.3.20

£

£

Taxation and social security

56,643

4,760

Other creditors

98,966

109,129

155,609

113,889