For the year ended 25 December 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05492220
Pgp Services Limited
For the year ended 25 December 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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Pgp Services Limited
For the year ended 25 December 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Fixtures and Fittings
2,439
2,439
1,214
184
Charge for year
1,398
1,041
1,225
2 of 3
Notes to the Abbreviated Financial Statements
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Pgp Services Limited
For the year ended 25 December 2016
3
Creditors
:
amounts falling due within one year
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As at the 25th December 2016 the company had loans outstanding to the director Mr G Panteli of £7401.74 (2015: £6554.70). These loans are interest free and repayable on demand.
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Allotted called up and fully paid
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2016
2015
1
Ordinary Share Class
1
share of £
1
.
00
each
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1
1
1
1
3 of 3