PGSD Limited - Accounts to registrar (filleted) - small 18.2

PGSD Limited - Accounts to registrar (filleted) - small 18.2

PGSD LIMITED - Company Information

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REGISTERED NUMBER: 02316661 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2018

for

PGSD LIMITED
PGSD LIMITED (REGISTERED NUMBER: 02316661)






Contents of the Financial Statements
for the Year Ended 31st March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PGSD LIMITED

Company Information
for the Year Ended 31st March 2018







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)

Balance Sheet
31st March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 89,005 91,513
Tangible assets 5 - -
89,005 91,513

CURRENT ASSETS
Stocks 73,461 40,449
Debtors 6 462,239 649,384
Cash at bank and in hand 185,147 146,242
720,847 836,075
CREDITORS
Amounts falling due within one year 7 279,282 368,702
NET CURRENT ASSETS 441,565 467,373
TOTAL ASSETS LESS CURRENT
LIABILITIES
530,570
558,886

CREDITORS
Amounts falling due after more than one
year
8
-
14,857
NET ASSETS 530,570 544,029

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 530,567 544,026
SHAREHOLDERS' FUNDS 530,570 544,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 financial statements

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

Balance Sheet - continued
31st March 2018


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 17th July 2018 and were signed by:





A M Lucey - Director


The notes form part of these financial statements

Page 3
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Notes to the Financial Statements
for the Year Ended 31st March 2018

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.

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

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018

2. ACCOUNTING POLICIES - continued

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 31 (2017 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2017 120,017
Additions 26,870
At 31st March 2018 146,887
AMORTISATION
At 1st April 2017 28,504
Amortisation for year 29,378
At 31st March 2018 57,882
NET BOOK VALUE
At 31st March 2018 89,005
At 31st March 2017 91,513

5. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1st April 2017
and 31st March 2018 55,120
DEPRECIATION
At 1st April 2017
and 31st March 2018 55,120
NET BOOK VALUE
At 31st March 2018 -
At 31st March 2017 -

Page 5 continued...
PGSD LIMITED (REGISTERED NUMBER: 02316661)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 329,174 572,683
Other debtors 133,065 76,701
462,239 649,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 14,859 25,476
Trade creditors 152,217 160,105
Taxation and social security 72,961 122,719
Other creditors 39,245 60,402
279,282 368,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 14,857

9. ULTIMATE CONTROLLING PARTY

The controlling party is Personal Garden Services Limited.

The ultimate controlling party is Personal Garden Services Limited.

Page 6