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REGISTERED NUMBER: 09002120 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

PRJ Distribution Ltd.

PRJ Distribution Ltd. (Registered number: 09002120)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRJ Distribution Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P D Coleman
R S Coleman
W F D Coleman
J T Coleman
Ms J M B Coleman
B Coleman





SECRETARY: P D Coleman





REGISTERED OFFICE: Unit 11
G3 Business Park
Dolphin Road
Shoreham-by-Sea
West Sussex
BN43 6AN





REGISTERED NUMBER: 09002120 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

PRJ Distribution Ltd. (Registered number: 09002120)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,139 4,163

CURRENT ASSETS
Stocks 251,449 288,970
Debtors 5 200,637 157,692
Cash at bank 88,331 28,774
540,417 475,436
CREDITORS
Amounts falling due within one year 6 (402,230 ) (343,586 )
NET CURRENT ASSETS 138,187 131,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,326

136,013

CREDITORS
Amounts falling due after more than one
year

7

(12,409

)

(22,090

)
NET ASSETS 132,917 113,923

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 132,797 113,803
132,917 113,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PRJ Distribution Ltd. (Registered number: 09002120)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





P D Coleman - Director


PRJ Distribution Ltd. (Registered number: 09002120)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

PRJ Distribution Ltd. 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.

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 etc - 25% on cost and 15% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 4 (2023 - 3 ) .

PRJ Distribution Ltd. (Registered number: 09002120)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 42,698
Additions 6,790
Disposals (1,249 )
At 30 April 2024 48,239
DEPRECIATION
At 1 May 2023 38,535
Charge for year 3,190
Eliminated on disposal (625 )
At 30 April 2024 41,100
NET BOOK VALUE
At 30 April 2024 7,139
At 30 April 2023 4,163

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 187,346 156,564
Other debtors 13,291 1,128
200,637 157,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,948 10,195
Trade creditors 259,545 189,468
Taxation and social security 55,778 42,872
Other creditors 76,959 101,051
402,230 343,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,409 22,090

PRJ Distribution Ltd. (Registered number: 09002120)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Factoring advances 58,860 38,832

The company has granted a fixed and floating charge over its assets to secure the amounts advanced under a factoring agreement.

9. OTHER FINANCIAL COMMITMENTS

The company has annual property rental commitments of £23,010 (2023: £23,010).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R S Coleman
Balance outstanding at start of year - -
Amounts advanced 3,151 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,151 -

Ms J M B Coleman
Balance outstanding at start of year - -
Amounts advanced 93 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93 -