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

REGISTERED NUMBER: 04660715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

P.G.P.S LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Gawthorpe

SECRETARY:

Mrs G S Broccolo

REGISTERED OFFICE:

2 King Edwards Approach

Sheffield

S6 5SH

REGISTERED NUMBER:

04660715 (England and Wales)

ACCOUNTANT:

Hill and Co Accountants

106 Holme Lane

Hillsborough

Sheffield

South Yorkshire

S6 4JW

FIXED ASSETS

Tangible assets

4

262,657

261,156

CURRENT ASSETS

Cash at bank

8,411

8,420

CREDITORS

Amounts falling due within one year

5

36,539

17,894

NET CURRENT LIABILITIES

(28,128

)

(9,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

234,529

251,682

CREDITORS

Amounts falling due after more than one year

6

(31,039

)

(34,255

)

PROVISIONS FOR LIABILITIES

(604

)

(604

)

NET ASSETS

202,886

216,823

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

202,786

216,723

SHAREHOLDERS' FUNDS

202,886

216,823

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 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 1 November 2021 and were signed by:

P Gawthorpe - Director

1.	STATUTORY INFORMATION

P.G.P.S 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2020

312,269

14,034

326,303

Additions

-

1,839

1,839

At 31 March 2021

312,269

15,873

328,142

DEPRECIATION

At 1 April 2020

53,375

11,772

65,147

Charge for year

-

338

338

At 31 March 2021

53,375

12,110

65,485

NET BOOK VALUE

At 31 March 2021

258,894

3,763

262,657

At 31 March 2020

258,894

2,262

261,156

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans and overdrafts

-

3,292

Trade creditors

2

-

Taxation and social security

111

27

Other creditors

36,426

14,575

36,539

17,894

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans

31,039

34,255