Pergamon Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07064639 (England and Wales)

Abridged Financial Statements

for the Year Ended 28th February 2018

for

Pergamon Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N R Patel

Mr R K Shah

REGISTERED OFFICE:

Devonshire House,

582, Honeypot Lane,

Stanmore

Middlesex

HA7 1JS

REGISTERED NUMBER:

07064639 (England and Wales)

ACCOUNTANTS:

Keshani & Co

Chartered Accountants

506 Kingsbury Road

London

NW9 9HE

BANKERS:

Barclays Bank Plc

Hatfield Branch,

86 Town Centre,

Hatfield

Hertfordshire

AL10 0JP

FIXED ASSETS

Tangible assets

4

1,536

630

CURRENT ASSETS

Stocks

165,309

169,760

Debtors

217,783

173,472

Cash at bank and in hand

33,126

83,522

416,218

426,754

CREDITORS

Amounts falling due within one year

(48,709

)

(82,238

)

NET CURRENT ASSETS

367,509

344,516

TOTAL ASSETS LESS CURRENT LIABILITIES

369,045

345,146

CREDITORS

Amounts falling due after more than one year

(355,000

)

(295,000

)

NET ASSETS

14,045

50,146

CAPITAL AND RESERVES

Called up share capital

5

2

2

Capital redemption reserve

6

1

1

Retained earnings

6

14,042

50,143

SHAREHOLDERS' FUNDS

14,045

50,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28th February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15th October 2018 and were signed on its behalf by:

Mr N R Patel - Director

1.	STATUTORY INFORMATION

Pergamon Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

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 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2017

9,474

Additions

1,739

At 28th February 2018

11,213

DEPRECIATION

At 1st March 2017

8,844

Charge for year

833

At 28th February 2018

9,677

NET BOOK VALUE

At 28th February 2018

1,536

At 28th February 2017

630

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/18

28/2/17

value:

£

£

225

Ordinary

0.01

2

2

6.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st March 2017

50,143

1

50,144

Deficit for the year

(36,101

)

(36,101

)

At 28th February 2018

14,042

1

14,043

7.	RELATED PARTY DISCLOSURES

Included in Other debtors (note 9) is an amount of £38,630 owed by Tradewings Worldwide Ltd, the

company's ultimate parent company in which Mr N R Patel is a director.

Included in Other Creditors ((note 11) is an amount of £355,000 owed to Aspire Trade Worldwide

Limited, the company in which Mr N R Patel is a director and a shareholder. The loan is interest free.

ULTIMATE CONTROLLING PARTY

The controlling party is Aspire Trade Worldwide Limited, a company registered in England and Wales

(Company number 07679032) in which Mr N R Patel is a director and shareholder.