Company Registration No. 11715924 (England and Wales)
PGN Limited
Unaudited accounts
for the year ended 31 December 2022
PGN Limited
Unaudited accounts
Contents
PGN Limited
Company Information
for the year ended 31 December 2022
Directors
Srinivas Potluri
Pavani Potluri
Company Number
11715924 (England and Wales)
Registered Office
190 Castle Lane West
Bournemouth
BH9 3JZ
PGN Limited
Statement of financial position
as at 31 December 2022
Tangible assets
1,599
1,468
Cash at bank and in hand
73,929
23,597
Creditors: amounts falling due within one year
(48,767)
(7,576)
Net current assets
25,162
16,021
Total assets less current liabilities
26,761
17,489
Creditors: amounts falling due after more than one year
(12,084)
(17,083)
Called up share capital
2
2
Profit and loss account
14,675
404
Shareholders' funds
14,677
406
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2023 and were signed on its behalf by
Srinivas Potluri
Director
Company Registration No. 11715924
PGN Limited
Notes to the Accounts
for the year ended 31 December 2022
PGN Limited is a private company, limited by shares, registered in England and Wales, registration number 11715924. The registered office is 190 Castle Lane West, Bournemouth, BH9 3JZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reduce balance basis
4
Tangible fixed assets
Computer equipment
PGN Limited
Notes to the Accounts
for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,000
5,000
Taxes and social security
11,573
1,783
Loans from directors
26,236
793
6
Creditors: amounts falling due after more than one year
2022
2021
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
