PGSD Limited - Abbreviated accounts 16.1

PGSD Limited - Abbreviated accounts 16.1

PGSD LIMITED - Company Information

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REGISTERED NUMBER: 02316661 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

PGSD LIMITED

PGSD LIMITED (REGISTERED NUMBER: 02316661)






Contents of the Abbreviated Accounts
for the Year Ended 31st March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PGSD LIMITED

Company Information
for the Year Ended 31st March 2016







DIRECTOR: A M Lucey





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)

Abbreviated Balance Sheet
31st March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 85,500 -
Tangible assets 3 - -
85,500 -

CURRENT ASSETS
Stocks 36,786 59,489
Debtors 4 653,711 427,672
Cash at bank and in hand 126,001 160,093
816,498 647,254
CREDITORS
Amounts falling due within one year 346,005 323,508
NET CURRENT ASSETS 470,493 323,746
TOTAL ASSETS LESS CURRENT
LIABILITIES
555,993
323,746

CREDITORS
Amounts falling due after more than one
year
67,422
-
NET ASSETS 488,571 323,746

CAPITAL AND RESERVES
Called up share capital 5 3 3
Profit and loss account 488,568 323,743
SHAREHOLDERS' FUNDS 488,571 323,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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 abbreviated accounts

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

Abbreviated Balance Sheet - continued
31st March 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 12th August 2016 and were signed by:





A M Lucey - Director


The notes form part of these abbreviated accounts

Page 3
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Notes to the Abbreviated Accounts
for the Year Ended 31st March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 90,000
At 31st March 2016 90,000
AMORTISATION
Amortisation for year 4,500
At 31st March 2016 4,500
NET BOOK VALUE

At 31st March 2016 85,500

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

Notes to the Abbreviated Accounts - continued
for the Year Ended 31st March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2015
and 31st March 2016 55,120
DEPRECIATION
At 1st April 2015
and 31st March 2016 55,120
NET BOOK VALUE
At 31st March 2016 -
At 31st March 2015 -

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 114,872 (2015 - £ 158,077 )

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
3 Ordinary £1 3 3

Page 5