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REGISTERED NUMBER: 05475844 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pjd Construction Limited

Pjd Construction Limited (Registered number: 05475844)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pjd Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P J Davies





REGISTERED OFFICE: 9 Western Road
Launceston
Cornwall
PL15 7AR





REGISTERED NUMBER: 05475844 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Pjd Construction Limited (Registered number: 05475844)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,262 181,596
Investments 5 4 4
197,266 181,600

CURRENT ASSETS
Debtors 6 579,273 446,064
Prepayments and accrued income 2,329 130,270
Cash at bank 20,959 100,950
602,561 677,284
CREDITORS
Amounts falling due within one year 7 214,784 271,331
NET CURRENT ASSETS 387,777 405,953
TOTAL ASSETS LESS CURRENT LIABILITIES 585,043 587,553

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (15,325 ) (11,197 )
NET ASSETS 558,051 554,689

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 558,049 554,687
558,051 554,689

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Pjd Construction Limited (Registered number: 05475844)

Balance Sheet - continued
31 March 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 director and authorised for issue on 2 August 2024 and were signed by:





P J Davies - Director


Pjd Construction Limited (Registered number: 05475844)

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

1. STATUTORY INFORMATION

Pjd Construction 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pjd Construction Limited (Registered number: 05475844)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 133,852 177,402 311,254
Additions - 34,000 34,000
At 31 March 2024 133,852 211,402 345,254
DEPRECIATION
At 1 April 2023 - 129,658 129,658
Charge for year - 18,334 18,334
At 31 March 2024 - 147,992 147,992
NET BOOK VALUE
At 31 March 2024 133,852 63,410 197,262
At 31 March 2023 133,852 47,744 181,596

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 28,145
DEPRECIATION
At 1 April 2023 22,831
Charge for year 1,328
At 31 March 2024 24,159
NET BOOK VALUE
At 31 March 2024 3,986
At 31 March 2023 5,314

Pjd Construction Limited (Registered number: 05475844)

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

5. FIXED ASSET INVESTMENTS
Interest Interest
in joint in
venture associate Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2 2 4
NET BOOK VALUE
At 31 March 2024 2 2 4
At 31 March 2023 2 2 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 94,755 52,584
Amounts owed by group undertakings 441,216 345,514
Other debtors 43,302 47,966
579,273 446,064

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 41,842 10,000
Trade creditors 161,139 190,135
Taxation and social security 9,301 66,946
Other creditors 2,502 4,250
214,784 271,331

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667

9. RELATED PARTY DISCLOSURES

Transactions with entities in which the entity itself has a participating interest

As the Company is the 100% parent of Totnes Farm Limited, the company has taken advantage of the exemption contained in s.1AC.35 of FRS102, and has therefore not disclosed transactions or balances with wholly owned subsidiaries which form part of the group.

10. ULTIMATE CONTROLLING PARTY

Mr P Davies, by virtue of his parent company shareholding and directorship, controls the company.