Percy Gardens Trust Committee - PGTC Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06768260 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Percy Gardens Trust Committee - pgtc

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E M Norman

A Thompson

REGISTERED OFFICE:

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 OBU

REGISTERED NUMBER:

06768260 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

5

54,622

57,327

CURRENT ASSETS

Stocks

6,078

3,822

Cash at bank and in hand

94,670

96,341

100,748

100,163

CREDITORS

Amounts falling due within one year

6

1,560

1,578

NET CURRENT ASSETS

99,188

98,585

TOTAL ASSETS LESS CURRENT LIABILITIES

153,810

155,912

CAPITAL AND RESERVES

Called up share capital

7

2

2

Other reserves

78,000

78,000

Retained earnings

75,808

77,910

SHAREHOLDERS' FUNDS

153,810

155,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2023 and were signed on its behalf by:

E M Norman - Director

A Thompson - Director

1.	STATUTORY INFORMATION

Percy Gardens Trust Committee - pgtc 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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

-

25% on cost and over the useful life of 30 years

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

62,970

651

63,621

DEPRECIATION

At 1 April 2022

5,919

375

6,294

Charge for year

2,650

55

2,705

At 31 March 2023

8,569

430

8,999

NET BOOK VALUE

At 31 March 2023

54,401

221

54,622

At 31 March 2022

57,051

276

57,327

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

103

124

Other creditors

1,457

1,454

1,560

1,578

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

2

Ordinary

1

2

2