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Company Registration No. 01605025 (England and Wales)
PJS Industrial Supplies Limited Unaudited accounts for the year ended 31 December 2023
PJS Industrial Supplies Limited Unaudited accounts Contents
Page
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PJS Industrial Supplies Limited Company Information for the year ended 31 December 2023
Directors
Mr J. Huxtable Mrs S Huxtable
Secretary
Mrs S Huxtable
Company Number
01605025 (England and Wales)
Registered Office
UNIT 10 CASTLEACRES INDUSTRIAL PARK CASTLE ROAD SITTINGBOURNE KENT ME10 3RZ
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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PJS Industrial Supplies Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,070 
40,940 
Current assets
Inventories
71,725 
100,948 
Debtors
380,620 
484,823 
Cash at bank and in hand
195,042 
277,371 
647,387 
863,142 
Creditors: amounts falling due within one year
(80,262)
(132,391)
Net current assets
567,125 
730,751 
Total assets less current liabilities
600,195 
771,691 
Provisions for liabilities
Deferred tax
(8,294)
(8,294)
Net assets
591,901 
763,397 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
591,898 
763,394 
Shareholders' funds
591,901 
763,397 
For the year ending 31 December 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by
Mr J. Huxtable Director Company Registration No. 01605025
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PJS Industrial Supplies Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
PJS Industrial Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 01605025. The registered office is UNIT 10 CASTLEACRES INDUSTRIAL PARK, CASTLE ROAD, SITTINGBOURNE, KENT, ME10 3RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 50 years
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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PJS Industrial Supplies Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
60,660 
153,951 
214,611 
Additions
- 
3,154 
3,154 
At 31 December 2023
60,660 
157,105 
217,765 
Depreciation
At 1 January 2023
41,253 
132,418 
173,671 
Charge for the year
4,852 
6,172 
11,024 
At 31 December 2023
46,105 
138,590 
184,695 
Net book value
At 31 December 2023
14,555 
18,515 
33,070 
At 31 December 2022
19,407 
21,533 
40,940 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
76,511 
106,503 
Amounts due from group undertakings etc.
301,109 
377,525 
Accrued income and prepayments
3,000 
- 
Other debtors
- 
795 
380,620 
484,823 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,370 
4,696 
Trade creditors
40,712 
87,965 
Taxes and social security
9,500 
25,003 
Other creditors
8,964 
9,523 
Loans from directors
5,516 
5,204 
Accruals
1,200 
- 
80,262 
132,391 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
8,294 
8,294 
2023 
2022 
£ 
£ 
Provision at start of year
8,294 
8,294 
Provision at end of year
8,294 
8,294 
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PJS Industrial Supplies Limited Notes to the Accounts for the year ended 31 December 2023
8
Transactions with related parties
Included within other debtors is an amount of £301109(2022 £377,525 owed from the parent company Hux Holdings Limited.
9
Controlling party
The ultimate controlling party is the parent company Hux Holdings Limited.
10
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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