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Abridged Financial Statements |
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for the Year Ended 28th February 2019 |
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Pergamon Ltd |
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REGISTERED NUMBER:
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Abridged Financial Statements |
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for the Year Ended 28th February 2019 |
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for |
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Pergamon Ltd |
Pergamon Ltd (Registered number: 07064639) |
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Contents of the Financial Statements |
for the Year Ended 28th February 2019 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Pergamon Ltd |
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Company Information |
for the Year Ended 28th February 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
506 Kingsbury Road |
London |
NW9 9HE |
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BANKERS: |
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47 Ealing Road |
Wembley |
HA0 4BA |
Pergamon Ltd (Registered number: 07064639) |
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Abridged Balance Sheet |
28th February 2019 |
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28/2/19 | 28/2/18 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Capital redemption reserve | 6 |
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Retained earnings | 6 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
Pergamon Ltd (Registered number: 07064639) |
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Abridged Balance Sheet - continued |
28th February 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Pergamon Ltd (Registered number: 07064639) |
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Notes to the Financial Statements |
for the Year Ended 28th February 2019 |
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1. | STATUTORY INFORMATION |
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Pergamon Ltd is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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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. |
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Going concern |
The financial statements have been prepared on a going concern basis as the Parent company has |
confirmed that it will provide adequate funds to the company to meet it's obligations as they fall due. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Pergamon Ltd (Registered number: 07064639) |
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Notes to the Financial Statements - continued |
for the Year Ended 28th February 2019 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st March 2018 |
and 28th February 2019 |
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DEPRECIATION |
At 1st March 2018 |
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Charge for year |
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At 28th February 2019 |
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NET BOOK VALUE |
At 28th February 2019 |
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At 28th February 2018 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28/2/19 | 28/2/18 |
value: | £ | £ |
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Ordinary | 0.01 | 2 | 2 |
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6. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
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At 1st March 2018 |
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14,043 |
Deficit for the year | ( |
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At 28th February 2019 |
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11,828 |
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7. | RELATED PARTY DISCLOSURES |
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Included in Other debtors (note 9) is an amount of £270 (2017- £38,630) owed by Tradewings |
Worldwide Ltd, a company registered in England and Wales (Company number 06623915) in which Mr |
N R Patel is a director. |
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Included in Other Creditors (note 11) is an amount of £335,000 owed to Aspire Trade Worldwide |
Limited, the company's ultimate parent company in which Mr N R Patel is a director and a shareholder. |
The loan is interest free. |
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ULTIMATE CONTROLLING PARTY |
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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 a shareholder. |