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REGISTERED NUMBER: 03945210 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

P J Interiors (Brigg) Limited

P J Interiors (Brigg) Limited (Registered number: 03945210)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P J Interiors (Brigg) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: P Burke





SECRETARY: Mrs J Burke





REGISTERED OFFICE: Suite 9
Normanby Gateway
Lysaghts Way
Scunthorpe
North Lincolnshire
DN15 9YG





REGISTERED NUMBER: 03945210 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 9 Normanby Gateway
Scunthorpe
North Lincolnshire
DN15 9YG

P J Interiors (Brigg) Limited (Registered number: 03945210)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,757 12,584

CURRENT ASSETS
Stocks 174,229 56,728
Debtors 5 236,451 249,266
Cash at bank and in hand 225,059 175,379
635,739 481,373
CREDITORS
Amounts falling due within one year 6 (204,005 ) (146,244 )
NET CURRENT ASSETS 431,734 335,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,491

347,713

CREDITORS
Amounts falling due after more than one
year

7

(26,612

)

(37,251

)
NET ASSETS 413,879 310,462

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 413,877 310,460
413,879 310,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

P J Interiors (Brigg) Limited (Registered number: 03945210)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 27 October 2023 and were signed by:





P Burke - Director


P J Interiors (Brigg) Limited (Registered number: 03945210)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

P J Interiors (Brigg) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

P J Interiors (Brigg) Limited (Registered number: 03945210)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 6,055 45,345 6,772 58,172
Additions - - 3,295 3,295
At 31 March 2023 6,055 45,345 10,067 61,467
DEPRECIATION
At 1 April 2022 5,783 33,739 6,066 45,588
Charge for year 224 5,803 1,095 7,122
At 31 March 2023 6,007 39,542 7,161 52,710
NET BOOK VALUE
At 31 March 2023 48 5,803 2,906 8,757
At 31 March 2022 272 11,606 706 12,584

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 45,345
DEPRECIATION
At 1 April 2022 33,739
Charge for year 5,803
At 31 March 2023 39,542
NET BOOK VALUE
At 31 March 2023 5,803
At 31 March 2022 11,606

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 207,653 249,266
Other debtors 475 -
Directors' current accounts 6,560 -
VAT 21,763 -
236,451 249,266

P J Interiors (Brigg) Limited (Registered number: 03945210)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,847 8,813
Trade creditors 109,177 60,369
Corporation tax 26,781 20,617
Social security and other tax 2,645 (628 )
CIS Tax 10,464 7,690
VAT - 6,109
Other creditors 42,844 38,683
Directors' current accounts - 62
Accruals 2,247 4,529
204,005 146,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 26,612 37,251

8. RESERVES
Retained
earnings
£   

At 1 April 2022 310,460
Profit for the year 107,417
Dividends (4,000 )
At 31 March 2023 413,877

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P Burke
Balance outstanding at start of year (62 ) (62 )
Amounts advanced 6,622 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,560 (62 )