P J Saunders Ltd 01828027 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is building contractors. Digita Accounts Production Advanced 6.30.9574.0 true 01828027 2023-01-01 2023-12-31 01828027 2023-12-31 01828027 core:RetainedEarningsAccumulatedLosses 2023-12-31 01828027 core:ShareCapital 2023-12-31 01828027 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01828027 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 01828027 bus:SmallEntities 2023-01-01 2023-12-31 01828027 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01828027 bus:FullAccounts 2023-01-01 2023-12-31 01828027 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01828027 bus:RegisteredOffice 2023-01-01 2023-12-31 01828027 bus:Director2 2023-01-01 2023-12-31 01828027 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01828027 core:MotorVehicles 2023-01-01 2023-12-31 01828027 core:PlantMachinery 2023-01-01 2023-12-31 01828027 core:ParentEntities 2023-01-01 2023-12-31 01828027 countries:EnglandWales 2023-01-01 2023-12-31 01828027 2022-12-31 01828027 2022-01-01 2022-12-31 01828027 2022-12-31 01828027 core:RetainedEarningsAccumulatedLosses 2022-12-31 01828027 core:ShareCapital 2022-12-31 01828027 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01828027 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 01828027

P J Saunders Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

P J Saunders Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

P J Saunders Ltd

(Registration number: 01828027)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

48,981

63,202

Current assets

 

Stocks

44,600

278,552

Debtors

879,277

729,374

Cash at bank and in hand

 

603,969

522,405

 

1,527,846

1,530,331

Creditors: Amounts falling due within one year

(793,904)

(895,214)

Net current assets

 

733,942

635,117

Total assets less current liabilities

 

782,923

698,319

Creditors: Amounts falling due after more than one year

-

(1,389)

Provisions for liabilities

(12,246)

(15,801)

Net assets

 

770,677

681,129

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

770,577

681,029

Total equity

 

770,677

681,129

 

P J Saunders Ltd

(Registration number: 01828027)
Abridged Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 April 2024
 

Mr P J Saunders

Director

 

P J Saunders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 9 The Beeches
Coedcae Lane
Talbot Green
Rhondda Cynon Taff
CF72 9DY

These financial statements were authorised for issue by the director on 16 April 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

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

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

 

P J Saunders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Motor vehicles

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2022 - 17).

4

Tangible assets

Total
£

Cost or valuation

At 1 January 2023

212,217

Additions

4,213

At 31 December 2023

216,430

Depreciation

At 1 January 2023

149,015

Charge for the year

18,434

At 31 December 2023

167,449

Carrying amount

At 31 December 2023

48,981

At 31 December 2022

63,202

 

P J Saunders Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

5

Related party transactions

Advances to directors

Summary of transactions with parent

P J Saunders Builders Ltd
 Parent Company Address:
Unit 9 The Beeches
Coedcae Lane
Talbot Lane
Rhonadda Cynon Taff
CF72 9DY

Included within other creditors is a balance due from the company to P J Saunders Builders Limited. At the balance sheet date the amount due to P J Saunders Builders Limited was £416,138 (2022 - £499,123).