Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI066441 Mr Conor Morgan Mr PATRICK MORGAN Mrs MAJELLA MORGAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI066441 2022-12-31 NI066441 2023-12-31 NI066441 2023-01-01 2023-12-31 NI066441 frs-core:CurrentFinancialInstruments 2023-12-31 NI066441 frs-core:Non-currentFinancialInstruments 2023-12-31 NI066441 frs-core:FurnitureFittings 2023-12-31 NI066441 frs-core:FurnitureFittings 2023-01-01 2023-12-31 NI066441 frs-core:FurnitureFittings 2022-12-31 NI066441 frs-core:MotorVehicles 2023-12-31 NI066441 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI066441 frs-core:MotorVehicles 2022-12-31 NI066441 frs-core:PlantMachinery 2023-12-31 NI066441 frs-core:PlantMachinery 2023-01-01 2023-12-31 NI066441 frs-core:PlantMachinery 2022-12-31 NI066441 frs-core:ShareCapital 2023-12-31 NI066441 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI066441 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI066441 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI066441 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI066441 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI066441 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI066441 frs-bus:Director1 2023-01-01 2023-12-31 NI066441 frs-bus:Director2 2023-01-01 2023-12-31 NI066441 frs-bus:Director3 2023-01-01 2023-12-31 NI066441 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI066441 2021-12-31 NI066441 2022-12-31 NI066441 2022-01-01 2022-12-31 NI066441 frs-core:CurrentFinancialInstruments 2022-12-31 NI066441 frs-core:Non-currentFinancialInstruments 2022-12-31 NI066441 frs-core:ShareCapital 2022-12-31 NI066441 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI066441
PJ MORGAN (BUILDERS & DEVELOPERS) LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
JAMES SAVAGE & CO
88 LISTOODER ROAD
SAINTFIELD
BT24 7JX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI066441
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,345 1,793
1,345 1,793
CURRENT ASSETS
Stocks 5 2,500 36,250
Debtors 6 1,199 1,323
Cash at bank and in hand 41,338 69,893
45,037 107,466
Creditors: Amounts Falling Due Within One Year 7 (8,900 ) (69,376 )
NET CURRENT ASSETS (LIABILITIES) 36,137 38,090
TOTAL ASSETS LESS CURRENT LIABILITIES 37,482 39,883
Creditors: Amounts Falling Due After More Than One Year 8 (14,301 ) (22,050 )
NET ASSETS 23,181 17,833
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account 23,178 17,830
SHAREHOLDERS' FUNDS 23,181 17,833
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr PATRICK MORGAN
Director
14/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PJ MORGAN (BUILDERS & DEVELOPERS) LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number NI066441 . The registered office is 5 Trassey Road , Bryansford, Newcastle, Down, BT33 0QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% WDV
Motor Vehicles 25%WDV
Fixtures & Fittings 25%WDV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Manufacturing 2 2
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 1,550 4,200 732 6,482
As at 31 December 2023 1,550 4,200 732 6,482
Depreciation
As at 1 January 2023 1,063 3,203 423 4,689
Provided during the period 122 249 77 448
As at 31 December 2023 1,185 3,452 500 5,137
Net Book Value
As at 31 December 2023 365 748 232 1,345
As at 1 January 2023 487 997 309 1,793
5. Stocks
2023 2022
£ £
Stock 2,500 36,250
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 525 525
VAT 674 798
1,199 1,323
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,794 23,157
Other taxes and social security 1,328 926
HMRC CJRS - 42,845
Accruals and deferred income 1,778 2,448
8,900 69,376
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 6,000 6,000
Directors loan account 8,301 16,050
14,301 22,050
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
Page 5