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REGISTERED NUMBER: 07650374 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

PRJ Solutions Ltd

PRJ Solutions Ltd (Registered number: 07650374)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRJ Solutions Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: P M Rowe





REGISTERED OFFICE: 21 Budgen Drive
Redhill
Surrey
RH1 2QB





REGISTERED NUMBER: 07650374 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
North Building
1 Howard Road
Reigate
Surrey
RH2 7JE

PRJ Solutions Ltd (Registered number: 07650374)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,000
Tangible assets 5 4,269 5,693
10,269 12,693

CURRENT ASSETS
Debtors 6 16,357 11,921
Cash at bank 18,336 21,467
34,693 33,388
CREDITORS
Amounts falling due within one year 7 14,457 13,596
NET CURRENT ASSETS 20,236 19,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,505

32,485

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,504 32,484
SHAREHOLDERS' FUNDS 30,505 32,485

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

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

PRJ Solutions Ltd (Registered number: 07650374)

Balance Sheet - continued
31 May 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 13 November 2023 and were signed by:





P M Rowe - Director


PRJ Solutions Ltd (Registered number: 07650374)

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

1. STATUTORY INFORMATION

PRJ Solutions Ltd 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
Net turnover represents net invoiced sale of services received from the franchisor, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Franchise fees initial cost
Initial Franchise cost is amortised over its useful life of 5years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

PRJ Solutions Ltd (Registered number: 07650374)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 10,000 45,505 55,505
AMORTISATION
At 1 June 2022 3,000 45,505 48,505
Charge for year 1,000 - 1,000
At 31 May 2023 4,000 45,505 49,505
NET BOOK VALUE
At 31 May 2023 6,000 - 6,000
At 31 May 2022 7,000 - 7,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 6,472 12,615 19,087
DEPRECIATION
At 1 June 2022 4,774 8,620 13,394
Charge for year 425 999 1,424
At 31 May 2023 5,199 9,619 14,818
NET BOOK VALUE
At 31 May 2023 1,273 2,996 4,269
At 31 May 2022 1,698 3,995 5,693

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 16,357 11,921

PRJ Solutions Ltd (Registered number: 07650374)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Tax 3,548 4,824
Social security and other taxes 515 422
VAT 7,259 6,800
Other creditors 1,145 539
Directors' current accounts 1,040 161
Accrued expenses 950 850
14,457 13,596

8. ULTIMATE CONTROLLING PARTY

The controlling party is P M Rowe.