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REGISTERED NUMBER: 05581988 (England and Wales)















P J Aiken Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






P J Aiken Limited (Registered number: 05581988)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P J Aiken Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: G Collins





SECRETARY: C Collins





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 05581988 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

P J Aiken Limited (Registered number: 05581988)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 22,987 23,849

CURRENT ASSETS
Stocks 250 250
Debtors 4 541,850 448,518
Cash at bank 170,752 121,342
712,852 570,110
CREDITORS
Amounts falling due within one year 5 130,030 147,001
NET CURRENT ASSETS 582,822 423,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,809

446,958

PROVISIONS FOR LIABILITIES 3,505 2,570
NET ASSETS 602,304 444,388

CAPITAL AND RESERVES
Called up share capital 6 50 50
Capital redemption reserve 50 50
Retained earnings 602,204 444,288
SHAREHOLDERS' FUNDS 602,304 444,388

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Aiken Limited (Registered number: 05581988)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2024 and were signed by:





G Collins - Director


P J Aiken Limited (Registered number: 05581988)

Notes to the Financial Statements
for the year ended 31 December 2023

1. 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.
Freehold property - 2% on cost
Plant and machinery - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

P J Aiken Limited (Registered number: 05581988)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023 4,295 52,887 57,182
Additions - 3,370 3,370
At 31 December 2023 4,295 56,257 60,552
DEPRECIATION
At 1 January 2023 1,031 32,302 33,333
Charge for year 86 4,146 4,232
At 31 December 2023 1,117 36,448 37,565
NET BOOK VALUE
At 31 December 2023 3,178 19,809 22,987
At 31 December 2022 3,264 20,585 23,849

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,377 18,762
Amounts owed by group undertakings 508,596 398,811
Other debtors 19,877 30,945
541,850 448,518

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 932 8,000
Taxation and social security 105,335 99,408
Other creditors 23,763 39,593
130,030 147,001

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40 Ordinary A £1.00 £1 40 40
10 Ordinary B £1.00 £1 10 10
50 50