Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-011212falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09000469 2023-01-01 2023-12-31 09000469 2021-07-01 2022-12-31 09000469 2023-12-31 09000469 2022-12-31 09000469 c:Director2 2023-01-01 2023-12-31 09000469 d:PlantMachinery 2023-01-01 2023-12-31 09000469 d:PlantMachinery 2023-12-31 09000469 d:PlantMachinery 2022-12-31 09000469 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09000469 d:OfficeEquipment 2023-01-01 2023-12-31 09000469 d:OfficeEquipment 2023-12-31 09000469 d:OfficeEquipment 2022-12-31 09000469 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09000469 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09000469 d:CurrentFinancialInstruments 2023-12-31 09000469 d:CurrentFinancialInstruments 2022-12-31 09000469 d:Non-currentFinancialInstruments 2023-12-31 09000469 d:Non-currentFinancialInstruments 2022-12-31 09000469 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09000469 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09000469 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09000469 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09000469 d:ShareCapital 2023-12-31 09000469 d:ShareCapital 2022-12-31 09000469 d:RetainedEarningsAccumulatedLosses 2023-12-31 09000469 d:RetainedEarningsAccumulatedLosses 2022-12-31 09000469 c:FRS102 2023-01-01 2023-12-31 09000469 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09000469 c:FullAccounts 2023-01-01 2023-12-31 09000469 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09000469 2 2023-01-01 2023-12-31 09000469 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09000469










PJH CO. LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PJH CO. LTD
REGISTERED NUMBER: 09000469

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
161,731
195,391

Current assets
  

Stocks
 5 
79,750
65,640

Debtors: amounts falling due within one year
 6 
486,883
1,528,656

Cash at bank and in hand
 7 
637,779
373,993

  
1,204,412
1,968,289

Creditors: amounts falling due within one year
 8 
(583,472)
(558,911)

Net current assets
  
 
 
620,940
 
 
1,409,378

Total assets less current liabilities
  
782,671
1,604,769

Creditors: amounts falling due after more than one year
 9 
(33,483)
(39,470)

  

Net assets
  
749,188
1,565,299


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
748,788
1,564,899

  
749,188
1,565,299


Page 1

 
PJH CO. LTD
REGISTERED NUMBER: 09000469
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Samantha Laura Hine
Director

Date: 25 September 2024


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PJH CO. LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

PJH Co. Ltd is a private limited company, incorporated in England and Wales.
The registered office and principal place of business is Unit 1, Stoke Mill, Mill Road, Sharnbrook, Bedford, Bedfordshire, MK44 1NP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP presented to the nearest round pound.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
PJH CO. LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
PJH CO. LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
per annum
Office equipment
-
20%
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
PJH CO. LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2022 - 12).

Page 6

 
PJH CO. LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
358,890
51,274
410,164


Additions
76,746
10,130
86,876



At 31 December 2023

435,636
61,404
497,040



Depreciation


At 1 January 2023
188,670
26,103
214,773


Charge for the year on financed assets
107,557
12,979
120,536



At 31 December 2023

296,227
39,082
335,309



Net book value



At 31 December 2023
139,409
22,322
161,731



At 31 December 2022
170,220
25,171
195,391


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
79,750
65,640


Page 7

 
PJH CO. LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
442,591
419,567

Amounts owed by associated undertakings
-
977,730

Other debtors
44,292
131,359

486,883
1,528,656



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
637,779
373,993



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
265,048
264,800

Amounts owed to group undertakings
20,000
-

Corporation tax
181,256
140,088

Other taxation and social security
34,677
33,394

Obligations under finance lease and hire purchase contracts
45,352
46,637

Other creditors
17,890
47,992

Accruals and deferred income
19,249
26,000

583,472
558,911


Secured loans
Liabilities under hire purchase contracts are secured upon the assets to which they relate.

Page 8

 
PJH CO. LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
33,483
39,470


Secured loans
Liabilities under hire purchase contracts are secured upon the assets to which they relate.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independantly administered fund. There was £2,409 (2022:
£1,456) unpaid pension contributions at the period end, which has been included in other creditors.


11.


Related party transactions

The Directors have a directors' loan account with the Company. At 31 December 2023 the Directors were due £3,737 (2022: £37,641) from the Company. 
At 31 December 2023, the Company was owed £nil (2022: £977,730) by PJH Property Developments Limited of which Mr and Mrs Hine are directors of. No interest has been accrued on this loan and is repayable on demand.
At 31 December 2023, the Company owed £20,000 (2022: £nil) to PJH Group Holdings Ltd of which Mr and Mrs Hine are directors of. No interest has been accrued on this loan and is repayable on demand.


12.


Controlling party

By virtue of their shareholding the controling related party is PJH Group Holdings Ltd.

 
Page 9