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REGISTERED NUMBER: NI601331 (Northern Ireland)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 January 2024

for

PJD Safety Supplies Ltd

PJD Safety Supplies Ltd (Registered number: NI601331)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 15


PJD Safety Supplies Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P COOTE
D COOTE
Mrs. J COOTE



REGISTERED OFFICE: 6 Goland Road
Ballygawley
Co. Tyrone
BT70 2NQ



REGISTERED NUMBER: NI601331 (Northern Ireland)



AUDITORS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG



BANKERS: Danske
Scotch Street
Dungannon

PJD Safety Supplies Ltd (Registered number: NI601331)

Strategic Report
for the Year Ended 31 January 2024

The directors present their strategic report for the year ended 31 January 2024.

REVIEW OF BUSINESS
PJD Safety Supplies Ltd has maintained its position in the safety clothing and supplies market. The company seen a 9.4% increase in sales, however the gross profit margin has remained consistent at 24.3% (2023: 24.6%). The company has an overall profit for the year before taxation of £2,810,532 (2023: £2,990,815). The Covid-19 pandemic has significantly assisted the increase in revenue in recent years due to the demand for personal protective equipment.

Looking forward to the 2024/25 trading year the Directors are confident the business is well placed to take advantage of the new business opportunities that the market now offers.

PRINCIPAL RISKS AND UNCERTAINTIES
There are certain risk factors which could affect the company's future results and cause them to be materially different from expected results.

Business performance risk
The business environment continues to be challenging with key commercial risks being market conditions, competitive pressures, and customer credit risk. Adverse macroeconomic uncertainties and the impact of Brexit is continually reviewed by Directors.

The Directors endeavour to mitigate these risks by implementing regular strategic and operational reviews.

Foreign exchange risk
The company imports goods from international markets and as such is exposed to some foreign exchange risks in the normal course of their business. The company tries to alleviate the risk by entering into forward contracts and options.

Liquidity risk
The company manages financial risk by monitoring cashflow to ensure that the company is able to meet its foreseeable debts as they fall due.

ON BEHALF OF THE BOARD:





P COOTE - Director


31 October 2024

PJD Safety Supplies Ltd (Registered number: NI601331)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of PPE workwear & safety products.

DIVIDENDS
The directors have paid an interim dividend amounting to £383,159 and they do not recommend payment of a final dividend.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

P COOTE
D COOTE
Mrs. J COOTE

POLITICAL DONATIONS AND EXPENDITURE
The company did not make any disclosable political donations in the current financial year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, WHR Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





P COOTE - Director


31 October 2024

Report of the Independent Auditors to the Members of
PJD Safety Supplies Ltd

Opinion
We have audited the financial statements of PJD Safety Supplies Ltd (the 'company') for the year ended 31 January 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
PJD Safety Supplies Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
PJD Safety Supplies Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, and instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-the Company's own assessment of the risk that irregularities may occur either as a result of fraud or error;
-the results of our enquiries of management about their own identification and assessment of the risks of irregularities;
-any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:
identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
-the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

In addition to the above, our procedures to respond to risks identified included the following:
-reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
-enquiring of management, directors concerning actual and potential litigation and claims;
-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
-reading minutes of meeting of directors, reviewing internal audit reports and reviewing correspondence with HMRC; and
-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;
-assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and
-evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment,forgery,collusion,omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
PJD Safety Supplies Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




James Robinson (Senior Statutory Auditor)
for and on behalf of WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG

31 October 2024

PJD Safety Supplies Ltd (Registered number: NI601331)

Income Statement
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

TURNOVER 37,008,230 33,816,481

Cost of sales 28,017,360 25,511,693
GROSS PROFIT 8,990,870 8,304,788

Administrative expenses 5,957,317 5,100,241
3,033,553 3,204,547

Other operating income 49,000 501
OPERATING PROFIT 4 3,082,553 3,205,048

Interest receivable and similar income 385 -
3,082,938 3,205,048

Interest payable and similar expenses 5 272,406 214,233
PROFIT BEFORE TAXATION 2,810,532 2,990,815

Tax on profit 6 682,567 564,998
PROFIT FOR THE FINANCIAL YEAR 2,127,965 2,425,817

PJD Safety Supplies Ltd (Registered number: NI601331)

Other Comprehensive Income
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

PROFIT FOR THE YEAR 2,127,965 2,425,817


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 2,127,965 2,425,817

PJD Safety Supplies Ltd (Registered number: NI601331)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 2,784,739 1,972,818

CURRENT ASSETS
Stocks 9 4,711,327 4,349,698
Debtors 10 8,051,620 7,335,507
Cash at bank and in hand 206,832 363,310
12,969,779 12,048,515
CREDITORS
Amounts falling due within one year 11 6,103,331 6,138,567
NET CURRENT ASSETS 6,866,448 5,909,948
TOTAL ASSETS LESS CURRENT LIABILITIES 9,651,187 7,882,766

CREDITORS
Amounts falling due after more than one year 12 (216,081 ) (265,445 )

PROVISIONS FOR LIABILITIES 15 (176,400 ) (103,421 )
NET ASSETS 9,258,706 7,513,900

CAPITAL AND RESERVES
Called up share capital 16 3 3
Retained earnings 17 9,258,703 7,513,897
SHAREHOLDERS' FUNDS 9,258,706 7,513,900

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




P COOTE - Director



D COOTE - Director


PJD Safety Supplies Ltd (Registered number: NI601331)

Statement of Changes in Equity
for the Year Ended 31 January 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2022 3 5,358,946 5,358,949

Changes in equity
Dividends - (270,866 ) (270,866 )
Total comprehensive income - 2,425,817 2,425,817
Balance at 31 January 2023 3 7,513,897 7,513,900

Changes in equity
Dividends - (383,159 ) (383,159 )
Total comprehensive income - 2,127,965 2,127,965
Balance at 31 January 2024 3 9,258,703 9,258,706

PJD Safety Supplies Ltd (Registered number: NI601331)

Cash Flow Statement
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,561,751 138,011
Interest paid (51,645 ) (17,695 )
Interest element of hire purchase payments paid (220,761 ) (196,538 )
Tax paid (517,972 ) (595,116 )
Net cash from operating activities 1,771,373 (671,338 )

Cash flows from investing activities
Purchase of tangible fixed assets (1,057,768 ) (1,114,380 )
Sale of tangible fixed assets - 4,809
Interest received 385 -
Net cash from investing activities (1,057,383 ) (1,109,571 )

Cash flows from financing activities
Loan repayments (28,074 ) (29,066 )
Capital repayments in year (18,792 ) 90,657
Amount introduced by directors 327,000 207,000
Amount withdrawn by directors (324,640 ) (207,871 )
Equity dividends paid (383,159 ) (270,866 )
Net cash from financing activities (427,665 ) (210,146 )

Increase/(decrease) in cash and cash equivalents 286,325 (1,991,055 )
Cash and cash equivalents at beginning of year 2 (1,889,389 ) 101,666

Cash and cash equivalents at end of year 2 (1,603,064 ) (1,889,389 )

PJD Safety Supplies Ltd (Registered number: NI601331)

Notes to the Cash Flow Statement
for the Year Ended 31 January 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.1.24 31.1.23
£    £   
Profit before taxation 2,810,532 2,990,815
Depreciation charges 245,847 237,631
Finance costs 272,406 214,233
Finance income (385 ) -
3,328,400 3,442,679
Increase in stocks (361,629 ) (2,443,848 )
Increase in trade and other debtors (716,113 ) (663,428 )
Increase/(decrease) in trade and other creditors 311,093 (197,392 )
Cash generated from operations 2,561,751 138,011

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2024
31.1.24 1.2.23
£    £   
Cash and cash equivalents 206,832 363,310
Bank overdrafts (1,809,896 ) (2,252,699 )
(1,603,064 ) (1,889,389 )
Year ended 31 January 2023
31.1.23 1.2.22
£    £   
Cash and cash equivalents 363,310 247,785
Bank overdrafts (2,252,699 ) (146,119 )
(1,889,389 ) 101,666


PJD Safety Supplies Ltd (Registered number: NI601331)

Notes to the Cash Flow Statement
for the Year Ended 31 January 2024

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.2.23 Cash flow At 31.1.24
£    £    £   
Net cash
Cash at bank and in hand 363,310 (156,478 ) 206,832
Bank overdrafts (2,252,699 ) 442,803 (1,809,896 )
(1,889,389 ) 286,325 (1,603,064 )
Debt
Finance leases (103,300 ) 18,792 (84,508 )
Debts falling due within 1 year (45,619 ) (2,498 ) (48,117 )
Debts falling due after 1 year (180,937 ) 30,572 (150,365 )
(329,856 ) 46,866 (282,990 )
Total (2,219,245 ) 333,191 (1,886,054 )

PJD Safety Supplies Ltd (Registered number: NI601331)

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

1. STATUTORY INFORMATION

PJD Safety Supplies Ltd is a private company, limited by shares , registered in Northern Ireland. 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" 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.

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 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
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.

3. EMPLOYEES AND DIRECTORS
31.1.24 31.1.23
£    £   
Wages and salaries 2,967,831 2,639,885
Social security costs 307,424 269,709
Other pension costs 133,876 121,055
3,409,131 3,030,649

PJD Safety Supplies Ltd (Registered number: NI601331)

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

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.1.24 31.1.23

Office staff 25 22
Warehouse staff 79 80
104 102

31.1.24 31.1.23
£    £   
Directors' remuneration 25,200 19,200

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.24 31.1.23
£    £   
Hire of plant and machinery 41,104 21,043
Other operating leases 42,007 81,805
Depreciation - owned assets 245,847 237,628

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.1.24 31.1.23
£    £   
Bank interest 245 3,808
Bank loan interest 18,323 13,887
Interest payable 33,077 -
Hire purchase 3,465 3,128
Leasing 217,296 193,410
272,406 214,233

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.1.24 31.1.23
£    £   
Current tax:
UK corporation tax 609,588 517,972

Deferred tax 72,979 47,026
Tax on profit 682,567 564,998

7. DIVIDENDS
31.1.24 31.1.23
£    £   
Ordinary shares of 1 each
Interim 383,159 270,866

PJD Safety Supplies Ltd (Registered number: NI601331)

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

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 1,714,096 655,981 333,630
Additions 580,279 439,743 2,371
At 31 January 2024 2,294,375 1,095,724 336,001
DEPRECIATION
At 1 February 2023 309,672 413,374 136,829
Charge for year 99,235 70,316 45,243
At 31 January 2024 408,907 483,690 182,072
NET BOOK VALUE
At 31 January 2024 1,885,468 612,034 153,929
At 31 January 2023 1,404,424 242,607 196,801

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 378,934 84,449 3,167,090
Additions 35,375 - 1,057,768
At 31 January 2024 414,309 84,449 4,224,858
DEPRECIATION
At 1 February 2023 249,948 84,449 1,194,272
Charge for year 31,053 - 245,847
At 31 January 2024 281,001 84,449 1,440,119
NET BOOK VALUE
At 31 January 2024 133,308 - 2,784,739
At 31 January 2023 128,986 - 1,972,818

9. STOCKS
31.1.24 31.1.23
£    £   
Stocks 4,711,327 4,349,698

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 8,051,620 7,335,507

PJD Safety Supplies Ltd (Registered number: NI601331)

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

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 13) 1,858,013 2,298,318
Hire purchase contracts (see note 14) 18,792 18,792
Trade creditors 3,111,838 2,659,435
Tax 609,588 517,972
Social security and other taxes 92,367 87,829
VAT 264,518 553,443
Directors' current accounts 5,138 2,778
Accrued expenses 143,077 -
6,103,331 6,138,567

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 13) 150,365 180,937
Hire purchase contracts (see note 14) 65,716 84,508
216,081 265,445

13. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,809,896 2,252,699
Danske loan account 24,539 23,792
Danske loan account 23,578 21,827
1,858,013 2,298,318

Amounts falling due between two and five years:
Danske loan account 68,360 85,208
Danske loan account 82,005 87,309
150,365 172,517

Amounts falling due in more than five years:

Repayable by instalments
Danske loan account - 8,420

PJD Safety Supplies Ltd (Registered number: NI601331)

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

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 18,792 18,792
Between one and five years 65,716 84,508
84,508 103,300

15. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 176,400 103,421

Deferred
tax
£   
Balance at 1 February 2023 103,421
Provided during year 72,979
Balance at 31 January 2024 176,400

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
3 Ordinary 1 3 3

17. RESERVES
Retained
earnings
£   

At 1 February 2023 7,513,897
Profit for the year 2,127,965
Dividends (383,159 )
At 31 January 2024 9,258,703