2023-03-01 03921796 2024-02-28 03921796 2023-03-01 2024-02-28 03921796 2023-02-28 03921796 2022-03-01 2023-02-28 03921796 uk-core:WithinOneYear 2023-02-28 03921796 uk-core:WithinOneYear 2024-02-28 03921796 uk-core:ShareCapital 2024-02-28 03921796 uk-core:ShareCapital 2023-02-28 03921796 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 03921796 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 03921796 uk-bus:Director1 2023-03-01 2024-02-28 03921796 uk-core:PlantMachinery 2023-03-01 2024-02-28 03921796 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-28 03921796 uk-core:FurnitureFittings 2023-03-01 2024-02-28 03921796 uk-core:FurnitureFittings 2023-02-28 03921796 uk-core:CommercialMotorVehicles 2023-02-28 03921796 uk-core:PlantMachinery 2023-02-28 03921796 uk-core:Buildings 2023-02-28 03921796 uk-core:Buildings 2023-03-01 2024-02-28 03921796 uk-core:PlantMachinery 2024-02-28 03921796 uk-core:CommercialMotorVehicles 2024-02-28 03921796 uk-core:FurnitureFittings 2024-02-28 03921796 uk-core:Buildings 2024-02-28 iso4217:GBP xbrli:pure 03921796 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 03921796 uk-bus:FRS102 2023-03-01 2024-02-28 03921796 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 03921796 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
P J Homes Limited
Registered Number:03921796
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
P J Homes Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03921796
As at 28 February 2024
P J Homes Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
150,221
6,750
2
150,221
6,750
Current assets
96,137
Cash and cash equivalents
5,146
5,146
96,137
Trade and other payables: amounts falling due within one
year
(8,295)
(64,876)
3
87,842
(59,730)
Net current liabilities
Total assets less current liabilities
90,491
94,592
90,491
Net assets
94,592
Capital and reserves
Called up share capital
100
100
Retained earnings
90,391
94,492
90,491
94,592
Shareholders' funds
For the year ended 28 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr P.J. Horsley Director
These financial statements were approved and authorised for issue by the Board on 05 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2024
P J Homes Limited
Notes to the Financial Statements
Statutory Information
P J Homes Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03921796.
Registered address:
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
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:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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5
For the year ended 28 February 2024
P J Homes Limited
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 March 2023
26,154
1,768
14,745
9,641
-
144,833
-
-
-
144,833
Additions
At 28 February 2024
9,641
14,745
1,768
170,987
144,833
Provision for depreciation and impairment
At 01 March 2023
19,404
1,605
11,246
6,553
-
Charge for year
1,362
24
875
463
-
At 28 February 2024
20,766
1,629
12,121
7,016
-
At 28 February 2024
Net book value
144,833
2,625
2,624
139
150,221
At 28 February 2023
-
3,088
3,499
163
6,750
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
-
2,184
Other creditors
64,876
6,111
64,876
8,295
4. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr P.J. Horsley, as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £1,000 (£2,000).
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6
For the year ended 28 February 2024
P J Homes Limited
Notes to the Financial Statements Continued
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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