Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31falsetrue2022-09-01The principal activity of the company during the period was the design and installation of home interiors.66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09167676 2022-09-01 2023-08-31 09167676 2021-09-01 2022-08-31 09167676 2023-08-31 09167676 2022-08-31 09167676 c:Director1 2022-09-01 2023-08-31 09167676 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 09167676 d:Buildings d:LongLeaseholdAssets 2023-08-31 09167676 d:Buildings d:LongLeaseholdAssets 2022-08-31 09167676 d:MotorVehicles 2022-09-01 2023-08-31 09167676 d:FurnitureFittings 2022-09-01 2023-08-31 09167676 d:FurnitureFittings 2023-08-31 09167676 d:FurnitureFittings 2022-08-31 09167676 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09167676 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09167676 d:Goodwill 2023-08-31 09167676 d:Goodwill 2022-08-31 09167676 d:CurrentFinancialInstruments 2023-08-31 09167676 d:CurrentFinancialInstruments 2022-08-31 09167676 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09167676 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 09167676 d:CapitalRedemptionReserve 2023-08-31 09167676 d:CapitalRedemptionReserve 2022-08-31 09167676 d:RetainedEarningsAccumulatedLosses 2023-08-31 09167676 d:RetainedEarningsAccumulatedLosses 2022-08-31 09167676 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 09167676 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 09167676 c:OrdinaryShareClass1 2022-09-01 2023-08-31 09167676 c:OrdinaryShareClass1 2023-08-31 09167676 c:OrdinaryShareClass1 2022-08-31 09167676 c:FRS102 2022-09-01 2023-08-31 09167676 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09167676 c:FullAccounts 2022-09-01 2023-08-31 09167676 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09167676 d:WithinOneYear 2023-08-31 09167676 d:WithinOneYear 2022-08-31 09167676 d:BetweenOneFiveYears 2023-08-31 09167676 d:BetweenOneFiveYears 2022-08-31 09167676 d:MoreThanFiveYears 2023-08-31 09167676 d:MoreThanFiveYears 2022-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09167676









PJB INTERIORS & DESIGN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
PJB INTERIORS & DESIGN LIMITED
REGISTERED NUMBER: 09167676

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 5 
23,927
29,833

  
23,927
29,833

CURRENT ASSETS
  

Stocks
 6 
15,341
22,292

Debtors: amounts falling due within one year
 7 
75,762
61,604

Cash at bank and in hand
  
289,672
146,193

  
380,775
230,089

Creditors: amounts falling due within one year
 8 
(120,472)
(58,830)

NET CURRENT ASSETS
  
 
 
260,303
 
 
171,259

TOTAL ASSETS LESS CURRENT LIABILITIES
  
284,230
201,092

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(408)
(1,884)

  
 
 
(408)
 
 
(1,884)

NET ASSETS
  
283,822
199,208


CAPITAL AND RESERVES
  

Capital redemption reserve
  
2
2

Profit and loss account
  
283,820
199,206

  
283,822
199,208


Page 1

 
PJB INTERIORS & DESIGN LIMITED
REGISTERED NUMBER: 09167676
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mrs K E Boutureira
Director

Date: 16 January 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PJB INTERIORS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


GENERAL INFORMATION

The Company is a private limited company limited by shares and incorporated in England & Wales. The registered office is Unit 4, Building 7, Saxon Way, Melbourn, Royston, Hertfordshire, SG8 6DN.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

  
2.3

INTANGIBLE ASSETS

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis on the Statement of Income and Retained Earnings over its useful economic life...

 
2.4

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PJB INTERIORS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.5
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, over the following bases.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

  
2.7

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
PJB INTERIORS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

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.

 
2.12

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

 
PJB INTERIORS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 September 2022
360,100



At 31 August 2023

360,100



AMORTISATION


At 1 September 2022
360,100



At 31 August 2023

360,100



NET BOOK VALUE



At 31 August 2023
-



At 31 August 2022
-



Page 6

 
PJB INTERIORS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


TANGIBLE FIXED ASSETS





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



COST OR VALUATION


At 1 September 2022
45,534
25,083
70,617



At 31 August 2023

45,534
25,083
70,617



DEPRECIATION


At 1 September 2022
21,097
19,687
40,784


Charge for the year on owned assets
4,555
1,351
5,906



At 31 August 2023

25,652
21,038
46,690



NET BOOK VALUE



At 31 August 2023
19,882
4,045
23,927



At 31 August 2022
24,437
5,396
29,833


6.


STOCKS

2023
2022
£
£

Raw materials and consumables
11,695
6,247

Work in progress (goods to be sold)
3,646
16,045

15,341
22,292


Page 7

 
PJB INTERIORS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


DEBTORS

2023
2022
£
£


Trade debtors
71,450
57,838

Prepayments and accrued income
4,312
3,766

75,762
61,604



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
12,535
8,289

Corporation tax
34,878
16,541

Other taxation and social security
46,728
17,786

Other creditors
17,120
7,434

Accruals and deferred income
9,211
8,780

120,472
58,830



9.


DEFERRED TAXATION




2023


£






At beginning of year
(1,884)


Charged to profit or loss
1,476



AT END OF YEAR
(408)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(408)
(1,884)

(408)
(1,884)

Page 8

 
PJB INTERIORS & DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



6 (2022 - 6) Ordinary shares of £0.01 each
0.06
0.06



11.


COMMITMENTS UNDER OPERATING LEASES

At 31 August 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
25,000
25,000

Later than 1 year and not later than 5 years
125,000
125,000

Later than 5 years
10,417
35,417

160,417
185,417

 
Page 9