PGSD Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02316661 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2017

for

PGSD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

91,513

85,500

Tangible assets

5

-

-

91,513

85,500

CURRENT ASSETS

Stocks

40,449

36,786

Debtors

6

649,384

653,711

Cash at bank and in hand

146,242

126,001

836,075

816,498

CREDITORS

Amounts falling due within one year

7

368,702

346,005

NET CURRENT ASSETS

467,373

470,493

TOTAL ASSETS LESS CURRENT LIABILITIES

558,886

555,993

CREDITORS

Amounts falling due after more than one year

8

14,857

67,422

NET ASSETS

544,029

488,571

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

544,026

488,568

SHAREHOLDERS' FUNDS

544,029

488,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 18th July 2017 and were signed by:

A M Lucey - Director

1.	STATUTORY INFORMATION

PGSD 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

90,000

Additions

30,017

At 31st March 2017

120,017

AMORTISATION

At 1st April 2016

4,500

Amortisation for year

24,004

At 31st March 2017

28,504

NET BOOK VALUE

At 31st March 2017

91,513

At 31st March 2016

85,500

5.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1st April 2016

and 31st March 2017

55,120

DEPRECIATION

At 1st April 2016

and 31st March 2017

55,120

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

572,683

496,342

Other debtors

76,701

42,497

649,384

538,839

Amounts falling due after more than one year:

Other debtors

-

114,872

Aggregate amounts

649,384

653,711

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

25,476

25,476

Trade creditors

160,105

174,767

Taxation and social security

122,719

116,089

Other creditors

60,402

29,673

368,702

346,005

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

14,857

67,422

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Personal Garden Services Limited.

The ultimate controlling party is Personal Garden Services Limited.