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REGISTERED NUMBER: 04355019 (England and Wales)















PJ & RP BEST LIMITED
T/A
BRUTONS THE BAKERS

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PJ & RP BEST LIMITED
T/A BRUTONS THE BAKERS

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: R P Best
L E Best





SECRETARY: L E Best





REGISTERED OFFICE: 60-62 Holmesdale Street
Grangetown
Cardiff
South Glamorgan
CF11 7HF





REGISTERED NUMBER: 04355019 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 958,422 767,916
958,422 767,916

CURRENT ASSETS
Stocks 17,625 19,263
Debtors 6 117,320 42,172
Cash at bank and in hand 119,724 216,367
254,669 277,802
CREDITORS
Amounts falling due within one year 7 376,196 370,837
NET CURRENT LIABILITIES (121,527 ) (93,035 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,895

674,881

CREDITORS
Amounts falling due after more than one
year

8

(20,744

)

(30,491

)

PROVISIONS FOR LIABILITIES (131,429 ) (99,237 )
NET ASSETS 684,722 545,153

PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 102,363 -
Retained earnings 582,259 545,053
SHAREHOLDERS' FUNDS 684,722 545,153

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

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

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 Board of Directors and authorised for issue on 16th July 2024 and were signed on its behalf by:





R P Best - Director


PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

PJ & RP Best 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost
Plant and machinery - 20% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on cost

Freehold property is shown at most recent valuation. Any gain in excess of original cost is taken to Other Comprehensive income and recognised in the revaluation reserve.

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.


PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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 63 (2023 - 58 ) .

PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 76,150
AMORTISATION
At 1st April 2023
and 31st March 2024 76,150
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1st April 2023 243,626 30,605 577,060
Additions - - 192,550
Disposals - - (281 )
Revaluations 126,374 - -
At 31st March 2024 370,000 30,605 769,329
DEPRECIATION
At 1st April 2023 - 28,615 268,968
Charge for year - 337 107,634
Eliminated on disposal - - -
At 31st March 2024 - 28,952 376,602
NET BOOK VALUE
At 31st March 2024 370,000 1,653 392,727
At 31st March 2023 243,626 1,990 308,092

PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Office Motor
equipment vehicles Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 214,238 121,947 1,187,476
Additions 8,316 86,295 287,161
Disposals - (74,917 ) (75,198 )
Revaluations - - 126,374
At 31st March 2024 222,554 133,325 1,525,813
DEPRECIATION
At 1st April 2023 102,997 18,980 419,560
Charge for year 32,547 13,556 154,074
Eliminated on disposal - (6,243 ) (6,243 )
At 31st March 2024 135,544 26,293 567,391
NET BOOK VALUE
At 31st March 2024 87,010 107,032 958,422
At 31st March 2023 111,241 102,967 767,916

Cost or valuation at 31st March 2024 is represented by:

Freehold Long Plant and
property leasehold machinery
£    £    £   
Valuation in 2024 126,374 - -
Cost 243,626 30,605 769,329
370,000 30,605 769,329

Office Motor
equipment vehicles Totals
£    £    £   
Valuation in 2024 - - 126,374
Cost 222,554 133,325 1,399,439
222,554 133,325 1,525,813

PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
Additions 36,330
At 31st March 2024 36,330
DEPRECIATION
Charge for year 1,817
At 31st March 2024 1,817
NET BOOK VALUE
At 31st March 2024 34,513

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,580 4,279
Other debtors 3,653 3,600
VAT 23,756 28,873
Prepayments and accrued income 28,331 5,420
117,320 42,172

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,994 10,000
Hire purchase contracts 43,596 -
Trade creditors 182,364 194,592
Company credit card 5,217 7,873
Corporation Tax - 30
PAYE 10,199 12,932
Other creditors 5,066 3,201
Directors' current accounts 103,923 90,875
Accruals and deferred income 15,837 51,334
376,196 370,837

PJ & RP BEST LIMITED (REGISTERED NUMBER: 04355019)
T/A BRUTONS THE BAKERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bounce back loan 1-2 years 10,247 10,000
Bounce back loan 2-5 years 10,497 20,491
20,744 30,491

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
Revaluation 102,363

At 31st March 2024 102,363

11. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end to R P Best of £49,886 (2023 - £43,238).

The company had an outstanding directors loan account at the year end to L E Best of £54,037 (2023 - £47,638).