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REGISTERED NUMBER: 07564648 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PJM DECORATORS LIMITED

PJM DECORATORS LIMITED (REGISTERED NUMBER: 07564648)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PJM DECORATORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr P J Montague





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Bucks
SL7 3HN





REGISTERED NUMBER: 07564648 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

PJM DECORATORS LIMITED (REGISTERED NUMBER: 07564648)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,381 6,131
5,381 6,131

CURRENT ASSETS
Debtors 6 12,874 15,543
Cash at bank 42,477 61,427
55,351 76,970
CREDITORS
Amounts falling due within one year 7 21,811 47,646
NET CURRENT ASSETS 33,540 29,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,921

35,455

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 38,821 35,355
SHAREHOLDERS' FUNDS 38,921 35,455

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th October 2024 and were signed by:





Mr P J Montague - Director


PJM DECORATORS LIMITED (REGISTERED NUMBER: 07564648)

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

1. STATUTORY INFORMATION

PJM Decorators 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st April 2023
and 31st March 2024 40,700
AMORTISATION
At 1st April 2023
and 31st March 2024 40,700
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

PJM DECORATORS LIMITED (REGISTERED NUMBER: 07564648)

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1st April 2023 23,978 1,420 25,398
Additions - 594 594
At 31st March 2024 23,978 2,014 25,992
DEPRECIATION
At 1st April 2023 18,085 1,182 19,267
Charge for year 1,178 166 1,344
At 31st March 2024 19,263 1,348 20,611
NET BOOK VALUE
At 31st March 2024 4,715 666 5,381
At 31st March 2023 5,893 238 6,131

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 140 1,244
CIS tax recoverable 12,734 13,918
Prepayments - 381
12,874 15,543

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade creditors 310 -
Tax 10,840 13,345
VAT 1,087 2,278
Directors' loan accounts 7,973 30,423
Accrued expenses 1,601 1,600
21,811 47,646

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£

At 1st April 2023 35,355
Profit for the year 43,466
Dividends (40,000 )
At 31st March 2024 38,821

PJM DECORATORS LIMITED (REGISTERED NUMBER: 07564648)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Montague.