P.G.P.S Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04660715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

P.G.P.S LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Gawthorpe

SECRETARY:

Mrs G S Broccolo

REGISTERED OFFICE:

2 King Edwards Approach

Sheffield

S6 5SH

REGISTERED NUMBER:

04660715 (England and Wales)

ACCOUNTANT:

Hill and Co Accountants

106 Holme Lane

Hillsborough

Sheffield

South Yorkshire

S6 4JW

FIXED ASSETS

Tangible assets

3

267,309

274,336

CURRENT ASSETS

Debtors

4

-

9,704

Cash at bank

8,803

6,260

8,803

15,964

CREDITORS

Amounts falling due within one year

5

5,938

7,799

NET CURRENT ASSETS

2,865

8,165

TOTAL ASSETS LESS CURRENT LIABILITIES

270,174

282,501

CREDITORS

Amounts falling due after more than one year

6

(40,529

)

(43,452

)

PROVISIONS FOR LIABILITIES

(604

)

(604

)

NET ASSETS

229,041

238,445

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

228,941

238,345

SHAREHOLDERS' FUNDS

229,041

238,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 1 December 2018 and were signed by:

P Gawthorpe - Director

1.	STATUTORY INFORMATION

P.G.P.S 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.

Tangible fixed assets

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

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.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

312,269

14,034

326,303

DEPRECIATION

At 1 April 2017

41,846

10,121

51,967

Charge for year

6,245

782

7,027

At 31 March 2018

48,091

10,903

58,994

NET BOOK VALUE

At 31 March 2018

264,178

3,131

267,309

At 31 March 2017

270,423

3,913

274,336

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Other debtors

-

9,704

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans and overdrafts

3,292

3,292

Trade creditors

1

1

Taxation and social security

1,749

2,256

Other creditors

896

2,250

5,938

7,799

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans

40,529

43,452