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Registered Number: 04519653
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 May 2023

for

PF & AJ HOLDINGS LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,178,665    1,085,155 
Investments 4 2,000    2,000 
1,180,665    1,087,155 
Current assets      
Debtors 5 18,189    17,501 
Cash at bank and in hand 58,512    10,872 
76,701    28,373 
Creditors: amount falling due within one year 6 (343,584)   (252,407)
Net current liabilities (266,883)   (224,034)
 
Total assets less current liabilities 913,782    863,121 
Creditors: amount falling due after more than one year (430,608)   (409,292)
Provisions for liabilities 7 (4,243)   (3,446)
Net assets 478,931    450,383 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 477,931    449,383 
Shareholder's funds 478,931    450,383 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 January 2024 and were signed on its behalf by:


-------------------------------
A J Brock
Director
1
General Information
Pf & Aj Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 04519653, registration address Artemis House 25 High Street , 25 High Street , Kirton Lindsey, North Lincolnshire, DN21 4LX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2022 1,067,021    3,110    46,721    11,208    1,128,060 
Additions 89,316      5,128    3,878    98,322 
Disposals       (1)   (1)
At 31 May 2023 1,156,337    3,110    51,849    15,085    1,226,381 
Depreciation
At 01 June 2022   2,379    34,175    6,348    42,902 
Charge for year   110    2,460    2,244    4,814 
On disposals        
At 31 May 2023   2,489    36,635    8,592    47,716 
Net book values
Closing balance as at 31 May 2023 1,156,337    621    15,214    6,493    1,178,665 
Opening balance as at 01 June 2022 1,067,021    731    12,546    4,857    1,085,155 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 June 2022 2,000    2,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2023 2,000    2,000 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 1,178    89 
Prepayments & Accrued Income 16,128    16,855 
Other Debtors 883    557 
18,189    17,501 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 80,465    14,428 
Bank Loans & Overdrafts 45,500    70,681 
Amounts Owed to Group Undertakings 2,000    1,000 
Amounts Owed to Participating Interests 209,704    154,407 
Corporation Tax 1,219    9,341 
Accrued Expenses 4,551    2,550 
Other Creditors 145   
343,584    252,407 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 3,446    4,772 
Charged to Profit & Loss 797    (1,326)
4,243    3,446 

2