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REGISTERED NUMBER: 07032786 (England and Wales)

















PJM Plant Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






PJM Plant Limited (Registered number: 07032786)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PJM Plant Limited

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: Mr M M Mceachran
Mrs P J Mceachran





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 07032786 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

PJM Plant Limited (Registered number: 07032786)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,969 329,862

CURRENT ASSETS
Debtors 5 105,739 66,832
Cash at bank 1,686 41,779
107,425 108,611
CREDITORS
Amounts falling due within one year 6 252,915 218,252
NET CURRENT LIABILITIES (145,490 ) (109,641 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,479

220,221

CREDITORS
Amounts falling due after more than one
year

7

(84,499

)

(155,932

)

PROVISIONS FOR LIABILITIES (74,475 ) (64,103 )
NET ASSETS 505 186

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 503 184
SHAREHOLDERS' FUNDS 505 186

PJM Plant Limited (Registered number: 07032786)

BALANCE SHEET - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 28 August 2024 and were signed on its behalf by:




Mrs P J Mceachran - Director



Mr M M Mceachran - Director


PJM Plant Limited (Registered number: 07032786)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

PJM Plant 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

PJM Plant Limited (Registered number: 07032786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 570,336 2,206 65,716 638,258
Additions 61,000 742 - 61,742
Disposals (192,933 ) - (8,000 ) (200,933 )
At 30 November 2023 438,403 2,948 57,716 499,067
DEPRECIATION
At 1 December 2022 274,225 1,303 32,868 308,396
Charge for year 40,372 576 11,543 52,491
Eliminated on disposal (165,189 ) - (1,600 ) (166,789 )
At 30 November 2023 149,408 1,879 42,811 194,098
NET BOOK VALUE
At 30 November 2023 288,995 1,069 14,905 304,969
At 30 November 2022 296,111 903 32,848 329,862

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 330,100 50,966 381,066
Additions 61,000 - 61,000
Disposals (22,500 ) - (22,500 )
At 30 November 2023 368,600 50,966 419,566
DEPRECIATION
At 1 December 2022 67,440 25,868 93,308
Charge for year 36,860 10,193 47,053
Eliminated on disposal (6,750 ) - (6,750 )
At 30 November 2023 97,550 36,061 133,611
NET BOOK VALUE
At 30 November 2023 271,050 14,905 285,955
At 30 November 2022 262,660 25,098 287,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,145 47,593
Other debtors 4,897 8,657
Loan - PJM Groundworks Ltd 2,673 4,020
Directors' current accounts - 5,065
Prepayments 2,024 1,497
105,739 66,832

PJM Plant Limited (Registered number: 07032786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 83,825 57,977
Trade creditors 6,079 29,349
Tax 25,996 6,458
Social security and other taxes 217 203
VAT 118,752 110,006
Directors' current accounts 1 -
Accruals 12,045 8,259
252,915 218,252

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 3,000 9,000
Hire purchase contracts 75,499 140,932
84,499 155,932

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The overdrawn directors loan account was repaid April 2023.