P.J.T BUILDING & MAINTENANCE LIMITED

Company Registration Number:
08397122 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

P.J.T BUILDING & MAINTENANCE LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

P.J.T BUILDING & MAINTENANCE LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 19,369 7,386
Total fixed assets: 19,369 7,386
Current assets
Cash at bank and in hand: 71,730 67,062
Total current assets: 71,730 67,062
Creditors: amounts falling due within one year:   (17,536) (19,984)
Net current assets (liabilities): 54,194 47,078
Total assets less current liabilities: 73,563 54,464
Provision for liabilities: (923) (1,403)
Total net assets (liabilities): 72,640 53,061
Capital and reserves
Called up share capital: 50 50
Profit and loss account: 72,590 53,011
Shareholders funds: 72,640 53,061

The notes form part of these financial statements

P.J.T BUILDING & MAINTENANCE LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: Mr Paul Tyrrell
Status: Director

The notes form part of these financial statements

P.J.T BUILDING & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable in respect of the provision of for construction services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses. The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management. Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows: Plant and machinery 20% on costMotor vehicles 20% on costOffice equipment 20% on costThe asset's residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted prospectively. Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Other accounting policies

Financial instruments The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. 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 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 the timing difference. 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 other future taxable profits.Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the income statement in the period in which they relate. 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 at an annual general meeting.

P.J.T BUILDING & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

P.J.T BUILDING & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 15,943
Additions 14,916
At 28 February 2023 30,859
Depreciation
At 01 March 2022 8,557
Charge for year 2,933
At 28 February 2023 11,490
Net book value
At 28 February 2023 19,369
At 28 February 2022 7,386