Registered number
04618370
P.J.L Electrical & Security Limited
Filleted Accounts
31 December 2023
P.J.L Electrical & Security Limited
Registered number: 04618370
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 41 186
Current assets
Stocks 250 200
Debtors 4 4,024 766
Cash at bank and in hand 62,858 59,832
67,132 60,798
Creditors: amounts falling due within one year 5 (35,208) (28,168)
Net current assets 31,924 32,630
Total assets less current liabilities 31,965 32,816
Creditors: amounts falling due after more than one year 6 (6,000) (9,144)
Provisions for liabilities (10) (35)
Net assets 25,955 23,637
Capital and reserves
Called up share capital 100 100
Profit and loss account 25,855 23,537
Shareholder's funds 25,955 23,637
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Philip J Luke
Director
Approved by the board on 1 August 2024
P.J.L Electrical & Security Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 4 years
Office equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government Grants
Government grants are recognised at the fair value of the consideration received when there is reasonable assurance that the grant will be received and that the conditions attached to the grant will be met. A grant that stipulates performance criteria is recognised in income only when these have been met. If no performance criteria are attached to the grant it is recognised in income when the proceeds have been received. A grant received before the recognition criteria have been met is accounted for as a liabilty.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Office equipment Total
£ £ £ £
Cost
At 1 January 2023 4,158 20,875 1,678 26,711
At 31 December 2023 4,158 20,875 1,678 26,711
Depreciation
At 1 January 2023 3,972 20,875 1,678 26,525
Charge for the year 145 - - 145
At 31 December 2023 4,117 20,875 1,678 26,670
Net book value
At 31 December 2023 41 - - 41
At 31 December 2022 186 - - 186
4 Debtors 2023 2022
£ £
Trade debtors 3,630 443
Other debtors 394 323
4,024 766
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,000 5,000
Trade creditors 1,921 3,736
Taxation and social security costs 13,247 17,324
Other creditors 16,040 2,108
35,208 28,168
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,000 9,144
7 Other information
P.J.L Electrical & Security Limited is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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