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REGISTERED NUMBER: 03886727 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

PJC Displays Limited

PJC Displays Limited (Registered number: 03886727)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PJC Displays Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P J Fidler
J P Fidler
Mrs. C S Fidler





SECRETARY: Mrs. C S Fidler





REGISTERED OFFICE: 4 - 8 The Centre
Lakes Industrial Park
Braintree
Essex
CM7 3RU





REGISTERED NUMBER: 03886727 (England and Wales)





ACCOUNTANTS: Passmore Weeks & Richardson
A Xeinadin Company
4 - 8 The Centre
Lakes Industrial Park
Braintree
Essex
CM7 3RU

PJC Displays Limited (Registered number: 03886727)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,772 2,176
19,772 2,176

CURRENT ASSETS
Debtors 6 1,419 575
Cash at bank and in hand 19,618 17,480
21,037 18,055
CREDITORS
Amounts falling due within one year 7 13,502 9,585
NET CURRENT ASSETS 7,535 8,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,307

10,646

CREDITORS
Amounts falling due after more than one
year

8

(11,250

)

-

PROVISIONS FOR LIABILITIES (3,693 ) (329 )
NET ASSETS 12,364 10,317

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 12,244 10,197
SHAREHOLDERS' FUNDS 12,364 10,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PJC Displays Limited (Registered number: 03886727)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





P J Fidler - Director


PJC Displays Limited (Registered number: 03886727)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

PJC Displays Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 represents the total invoice value, excluding value added tax, of sales made during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - evenly over the period of the lease
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PJC Displays Limited (Registered number: 03886727)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 9,000
AMORTISATION
At 1 February 2023
and 31 January 2024 9,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 298 44,374 44,672
Additions - 18,995 18,995
Disposals - (20,238 ) (20,238 )
At 31 January 2024 298 43,131 43,429
DEPRECIATION
At 1 February 2023 298 42,198 42,496
Charge for year - 259 259
Eliminated on disposal - (19,098 ) (19,098 )
At 31 January 2024 298 23,359 23,657
NET BOOK VALUE
At 31 January 2024 - 19,772 19,772
At 31 January 2023 - 2,176 2,176

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 342 -
Other debtors 1,077 575
1,419 575

PJC Displays Limited (Registered number: 03886727)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,750 -
Taxation and social security 8,683 7,961
Other creditors 1,069 1,624
13,502 9,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 11,250 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 6,660 6,660
Between one and five years 4,440 11,100
11,100 17,760