Silverfin false 30/04/2023 01/05/2022 30/04/2023 P J Shipman 10/04/2015 09 November 2023 The principal activity of the Company during the financial year was management consultancy activities. 09537254 2023-04-30 09537254 bus:Director1 2023-04-30 09537254 2022-04-30 09537254 core:CurrentFinancialInstruments 2023-04-30 09537254 core:CurrentFinancialInstruments 2022-04-30 09537254 core:ShareCapital 2023-04-30 09537254 core:ShareCapital 2022-04-30 09537254 core:RetainedEarningsAccumulatedLosses 2023-04-30 09537254 core:RetainedEarningsAccumulatedLosses 2022-04-30 09537254 core:Vehicles 2022-04-30 09537254 core:OfficeEquipment 2022-04-30 09537254 core:Vehicles 2023-04-30 09537254 core:OfficeEquipment 2023-04-30 09537254 2022-05-01 2023-04-30 09537254 bus:FullAccounts 2022-05-01 2023-04-30 09537254 bus:SmallEntities 2022-05-01 2023-04-30 09537254 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 09537254 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 09537254 bus:Director1 2022-05-01 2023-04-30 09537254 core:Vehicles core:TopRangeValue 2022-05-01 2023-04-30 09537254 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-30 09537254 2021-05-01 2022-04-30 09537254 core:Vehicles 2022-05-01 2023-04-30 09537254 core:OfficeEquipment 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 09537254 (England and Wales)

PJS AGENCY LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

PJS AGENCY LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

PJS AGENCY LIMITED

BALANCE SHEET

As at 30 April 2023
PJS AGENCY LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 223 3,599
223 3,599
Current assets
Debtors 4 5,550 925
Cash at bank and in hand 93,121 150,191
98,671 151,116
Creditors: amounts falling due within one year 5 ( 91,994) ( 99,128)
Net current assets 6,677 51,988
Total assets less current liabilities 6,900 55,587
Net assets 6,900 55,587
Capital and reserves
Called-up share capital 100 100
Profit and loss account 6,800 55,487
Total shareholders' funds 6,900 55,587

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of PJs Agency Limited (registered number: 09537254) were approved and authorised for issue by the Director. They were signed on its behalf by:

P J Shipman
Director

09 November 2023

PJS AGENCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
PJS AGENCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PJs Agency Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other
than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 May 2022 13,935 230 14,165
Additions 0 298 298
Disposals 0 ( 230) ( 230)
At 30 April 2023 13,935 298 14,233
Accumulated depreciation
At 01 May 2022 10,452 114 10,566
Charge for the financial year 3,483 75 3,558
Disposals 0 ( 114) ( 114)
At 30 April 2023 13,935 75 14,010
Net book value
At 30 April 2023 0 223 223
At 30 April 2022 3,483 116 3,599

4. Debtors

2023 2022
£ £
Trade debtors 5,399 925
Prepayments 151 0
5,550 925

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 478 270
Amounts owed to director 74,949 83,046
Accruals 1,452 1,250
Corporation tax 8,361 8,806
Other taxation and social security 6,754 5,756
91,994 99,128