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REGISTERED NUMBER: 14000779 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

P J Grab Hire Ltd

P J Grab Hire Ltd (Registered number: 14000779)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P J Grab Hire Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Jones
T Jones





REGISTERED OFFICE: Northfields
Government Road
Aldershot
Hampshire
GU11 2PU





REGISTERED NUMBER: 14000779 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

P J Grab Hire Ltd (Registered number: 14000779)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,895 106,320

CURRENT ASSETS
Debtors 5 11,334 12,227
Cash at bank 1,375 31,957
12,709 44,184
CREDITORS
Amounts falling due within one year 6 132,802 116,543
NET CURRENT LIABILITIES (120,093 ) (72,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,198

)

33,961

CREDITORS
Amounts falling due after more than one
year

7

61,247

67,537
NET LIABILITIES (87,445 ) (33,576 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (87,545 ) (33,676 )
SHAREHOLDERS' FUNDS (87,445 ) (33,576 )

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 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.

P J Grab Hire Ltd (Registered number: 14000779)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





T Jones - Director


P J Grab Hire Ltd (Registered number: 14000779)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

P J Grab Hire 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

P J Grab Hire Ltd (Registered number: 14000779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company's balance sheet shows an excess of liabilities over assets. The company is reliant on the continuation of support from the directors and therefore feel it is appropriate to prepare the financial statements on a going concern basis., which assumes that the company will continue to trade and to be able to meet its liabilities for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 131,760
Additions 27,365
At 31 March 2024 159,125
DEPRECIATION
At 1 April 2023 25,440
Charge for year 39,790
At 31 March 2024 65,230
NET BOOK VALUE
At 31 March 2024 93,895
At 31 March 2023 106,320

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 126,000
DEPRECIATION
At 1 April 2023 24,000
Charge for year 31,500
At 31 March 2024 55,500
NET BOOK VALUE
At 31 March 2024 70,500
At 31 March 2023 102,000

P J Grab Hire Ltd (Registered number: 14000779)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,700 11,386
Other debtors 1,634 841
11,334 12,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 22,242 13,517
Trade creditors 17,300 55,552
Taxation and social security 1,918 622
Other creditors 91,342 46,852
132,802 116,543

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 61,247 67,537