2021-03-01 03921796 2022-02-28 03921796 2021-03-01 2022-02-28 03921796 2021-02-28 03921796 2020-03-01 2021-02-28 03921796 uk-core:WithinOneYear 2021-02-28 03921796 uk-core:WithinOneYear 2022-02-28 03921796 uk-core:AfterOneYear 2021-02-28 03921796 uk-core:AfterOneYear 2022-02-28 03921796 uk-core:ShareCapital 2022-02-28 03921796 uk-core:ShareCapital 2021-02-28 03921796 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 03921796 uk-core:RetainedEarningsAccumulatedLosses 2021-02-28 03921796 uk-bus:Director1 2021-03-01 2022-02-28 03921796 uk-core:PlantMachinery 2021-03-01 2022-02-28 03921796 uk-core:CommercialMotorVehicles 2021-03-01 2022-02-28 03921796 uk-core:FurnitureFittings 2021-03-01 2022-02-28 03921796 uk-core:FurnitureFittings 2021-02-28 03921796 uk-core:CommercialMotorVehicles 2021-02-28 03921796 uk-core:PlantMachinery 2021-02-28 03921796 uk-core:Buildings 2021-02-28 03921796 uk-core:Buildings 2021-03-01 2022-02-28 03921796 uk-core:PlantMachinery 2022-02-28 03921796 uk-core:CommercialMotorVehicles 2022-02-28 03921796 uk-core:FurnitureFittings 2022-02-28 03921796 uk-core:Buildings 2022-02-28 03921796 uk-core:AfterOneYear uk-core:Secured 2022-02-28 03921796 uk-core:AfterOneYear uk-core:Secured 2021-02-28 iso4217:GBP xbrli:pure 03921796 uk-bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 03921796 uk-bus:FRS102 2021-03-01 2022-02-28 03921796 uk-bus:FullAccounts 2021-03-01 2022-02-28 03921796 uk-bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28
P J Homes Limited
Registered Number:03921796
For the year ended 28 February 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2022
P J Homes Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03921796
As at 28 February 2022
P J Homes Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
288,490
289,115
2
288,490
289,115
Current assets
27,222
Cash and cash equivalents
7,092
7,092
27,222
Trade and other payables: amounts falling due within one
year
(100,511)
(80,319)
3
(73,289)
(73,227)
Net current liabilities
Total assets less current liabilities
215,263
215,826
Trade and other payables: amounts falling due after more
than one year
(125,084)
(125,084)
4
90,179
Net assets
90,742
Capital and reserves
Called up share capital
100
100
Retained earnings
90,079
90,642
90,179
90,742
Shareholders' funds
For the year ended 28 February 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr P.J. Horsley Director
These financial statements were approved and authorised for issue by the Board on 08 August 2022 and were signed by:
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4
Registered Number :
03921796
For the year ended 28 February 2022
P J Homes Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2022
P J Homes Limited
Notes to the Financial Statements
Statutory Information
P J Homes Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03921796.
Registered address:
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
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:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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6
For the year ended 28 February 2022
P J Homes Limited
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 March 2021
304,548
1,768
14,745
8,035
280,000
1,606
-
-
1,606
-
Additions
At 28 February 2022
9,641
14,745
1,768
306,154
280,000
Provision for depreciation and impairment
At 01 March 2021
15,433
1,542
8,525
5,366
-
Charge for year
2,231
34
1,555
642
-
At 28 February 2022
17,664
1,576
10,080
6,008
-
At 28 February 2022
Net book value
280,000
3,633
4,665
192
288,490
At 28 February 2021
280,000
2,669
6,220
226
289,115
3. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Taxation and social security
841
2,184
Other creditors
79,478
98,327
80,319
100,511
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7
For the year ended 28 February 2022
P J Homes Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
125,084
125,084
5. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr P.J. Horsley, as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £2,000 (£2,000).
6. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
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