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REGISTERED NUMBER: 04469102 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

P J SMITH (GARAFIX) LIMITED

P J SMITH (GARAFIX) LIMITED (REGISTERED NUMBER: 04469102)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


P J SMITH (GARAFIX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr P J Smith



SECRETARY: Mrs K J Smith



REGISTERED OFFICE: Dove Cottage
Aldingham
Ulverston
Cumbria
LA12 9RT



REGISTERED NUMBER: 04469102 (England and Wales)



BANKERS: HSBC Bank plc
104 Duke Street
Barrow in Furness
Cumbria
LA14 1LR

P J SMITH (GARAFIX) LIMITED (REGISTERED NUMBER: 04469102)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,715 5,869

CURRENT ASSETS
Stocks 500 1,000
Debtors 5,892 8,853
Cash at bank 7,191 4,291
13,583 14,144
CREDITORS
Amounts falling due within one year 27,176 19,743
NET CURRENT LIABILITIES (13,593 ) (5,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,122

270

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 4,120 268
SHAREHOLDERS' FUNDS 4,122 270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 27 September 2024 and were signed by:



Mr P J Smith - Director


P J SMITH (GARAFIX) LIMITED (REGISTERED NUMBER: 04469102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

P J Smith (Garafix) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

P J SMITH (GARAFIX) LIMITED (REGISTERED NUMBER: 04469102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 38,595
Additions 15,550
Disposals (14,311 )
At 31 March 2024 39,834
DEPRECIATION
At 1 April 2023 32,726
Charge for year 3,659
Eliminated on disposal (14,266 )
At 31 March 2024 22,119
NET BOOK VALUE
At 31 March 2024 17,715
At 31 March 2023 5,869

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P J Smith.

7. DEBENTURE

HSBC Bank plc hold a debenture being a fixed and floating charge over the undertaking and all property and assets present and future incorporating goodwill, bookdebts, uncalled capital, buildings, fixtures and fixed plant and machinery. The company had no outstanding obligations to HSBC Bank plc at any time during either the financial year or the previous financial year.