2023-03-012024-02-292024-02-29false09401340PJS SOLUTIONS LIMITED2024-10-23iso4217:GBPxbrli:pure094013402023-03-01094013402024-02-29094013402023-03-012024-02-29094013402022-03-01094013402023-02-28094013402022-03-012023-02-2809401340bus:SmallEntities2023-03-012024-02-2909401340bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2909401340bus:FullAccounts2023-03-012024-02-2909401340bus:PrivateLimitedCompanyLtd2023-03-012024-02-2909401340core:WithinOneYear2024-02-2909401340core:AfterOneYear2024-02-2909401340core:WithinOneYear2023-02-2809401340core:AfterOneYear2023-02-2809401340core:ShareCapital2024-02-2909401340core:SharePremium2024-02-2909401340core:RevaluationReserve2024-02-2909401340core:OtherReservesSubtotal2024-02-2909401340core:RetainedEarningsAccumulatedLosses2024-02-2909401340core:ShareCapital2023-02-2809401340core:SharePremium2023-02-2809401340core:RevaluationReserve2023-02-2809401340core:OtherReservesSubtotal2023-02-2809401340core:RetainedEarningsAccumulatedLosses2023-02-2809401340core:LandBuildings2024-02-2909401340core:PlantMachinery2024-02-2909401340core:Vehicles2024-02-2909401340core:FurnitureFittings2024-02-2909401340core:OfficeEquipment2024-02-2909401340core:NetGoodwill2024-02-2909401340core:IntangibleAssetsOtherThanGoodwill2024-02-2909401340core:ListedExchangeTraded2024-02-2909401340core:UnlistedNon-exchangeTraded2024-02-2909401340core:LandBuildings2023-02-2809401340core:PlantMachinery2023-02-2809401340core:Vehicles2023-02-2809401340core:FurnitureFittings2023-02-2809401340core:OfficeEquipment2023-02-2809401340core:NetGoodwill2023-02-2809401340core:IntangibleAssetsOtherThanGoodwill2023-02-2809401340core:ListedExchangeTraded2023-02-2809401340core:UnlistedNon-exchangeTraded2023-02-2809401340core:LandBuildings2023-03-012024-02-2909401340core:PlantMachinery2023-03-012024-02-2909401340core:Vehicles2023-03-012024-02-2909401340core:FurnitureFittings2023-03-012024-02-2909401340core:OfficeEquipment2023-03-012024-02-2909401340core:NetGoodwill2023-03-012024-02-2909401340core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2909401340core:ListedExchangeTraded2023-03-012024-02-2909401340core:UnlistedNon-exchangeTraded2023-03-012024-02-2909401340core:MoreThanFiveYears2023-03-012024-02-2909401340core:Non-currentFinancialInstruments2024-02-2909401340core:Non-currentFinancialInstruments2023-02-2809401340dpl:CostSales2023-03-012024-02-2909401340dpl:DistributionCosts2023-03-012024-02-2909401340core:LandBuildings2023-03-012024-02-2909401340core:PlantMachinery2023-03-012024-02-2909401340core:Vehicles2023-03-012024-02-2909401340core:FurnitureFittings2023-03-012024-02-2909401340core:OfficeEquipment2023-03-012024-02-2909401340dpl:AdministrativeExpenses2023-03-012024-02-2909401340core:NetGoodwill2023-03-012024-02-2909401340core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2909401340dpl:GroupUndertakings2023-03-012024-02-2909401340dpl:ParticipatingInterests2023-03-012024-02-2909401340dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2909401340core:ListedExchangeTraded2023-03-012024-02-2909401340dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2909401340core:UnlistedNon-exchangeTraded2023-03-012024-02-2909401340dpl:CostSales2022-03-012023-02-2809401340dpl:DistributionCosts2022-03-012023-02-2809401340core:LandBuildings2022-03-012023-02-2809401340core:PlantMachinery2022-03-012023-02-2809401340core:Vehicles2022-03-012023-02-2809401340core:FurnitureFittings2022-03-012023-02-2809401340core:OfficeEquipment2022-03-012023-02-2809401340dpl:AdministrativeExpenses2022-03-012023-02-2809401340core:NetGoodwill2022-03-012023-02-2809401340core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2809401340dpl:GroupUndertakings2022-03-012023-02-2809401340dpl:ParticipatingInterests2022-03-012023-02-2809401340dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2809401340core:ListedExchangeTraded2022-03-012023-02-2809401340dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2809401340core:UnlistedNon-exchangeTraded2022-03-012023-02-2809401340core:NetGoodwill2024-02-2909401340core:IntangibleAssetsOtherThanGoodwill2024-02-2909401340core:LandBuildings2024-02-2909401340core:PlantMachinery2024-02-2909401340core:Vehicles2024-02-2909401340core:FurnitureFittings2024-02-2909401340core:OfficeEquipment2024-02-2909401340core:AfterOneYear2024-02-2909401340core:WithinOneYear2024-02-2909401340core:ListedExchangeTraded2024-02-2909401340core:UnlistedNon-exchangeTraded2024-02-2909401340core:ShareCapital2024-02-2909401340core:SharePremium2024-02-2909401340core:RevaluationReserve2024-02-2909401340core:OtherReservesSubtotal2024-02-2909401340core:RetainedEarningsAccumulatedLosses2024-02-2909401340core:NetGoodwill2023-02-2809401340core:IntangibleAssetsOtherThanGoodwill2023-02-2809401340core:LandBuildings2023-02-2809401340core:PlantMachinery2023-02-2809401340core:Vehicles2023-02-2809401340core:FurnitureFittings2023-02-2809401340core:OfficeEquipment2023-02-2809401340core:AfterOneYear2023-02-2809401340core:WithinOneYear2023-02-2809401340core:ListedExch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PJS SOLUTIONS LIMITED

Registered Number
09401340
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

PJS SOLUTIONS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

James Russell Stride

Registered Address

The Bungalow Cropredy Lawn
Cropredy
Banbury
OX17 1DR

Registered Number

09401340 (England and Wales)
PJS SOLUTIONS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets42,3332,833
Tangible assets578,83542,202
Investments634,59420,162
115,76265,197
Current assets
Stocks7174,000162,000
Debtors8418,010197,606
Cash at bank and on hand18,68623,777
610,696383,383
Creditors amounts falling due within one year9(420,470)(258,651)
Net current assets (liabilities)190,226124,732
Total assets less current liabilities305,988189,929
Creditors amounts falling due after one year10(99,797)(98,854)
Provisions for liabilities12(18,197)(9,686)
Net assets187,99481,389
Capital and reserves
Called up share capital100100
Profit and loss account187,89481,289
Shareholders' funds187,99481,389
The financial statements were approved and authorised for issue by the Director on 23 October 2024, and are signed on its behalf by:
James Russell Stride
Director
Registered Company No. 09401340
PJS SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation. Goodwill is amortised over its useful life on a straight-line basis at 10% per annum.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Biological investments are valued at fair value less cost to sell. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year22
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 March 235,0005,000
At 29 February 245,0005,000
Amortisation and impairment
At 01 March 232,1672,167
Charge for year500500
At 29 February 242,6672,667
Net book value
At 29 February 242,3332,333
At 28 February 232,8332,833
5.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 March 2349,15534,9507,29691,401
Additions5,35749,72367055,750
At 29 February 2454,51284,6737,966147,151
Depreciation and impairment
At 01 March 2319,94225,1984,05949,199
Charge for year10,2567,2731,58719,116
Other adjustments-1-1
At 29 February 2430,19832,4725,64668,316
Net book value
At 29 February 2424,31452,2012,32078,835
At 28 February 2329,2139,7523,23742,202
Included within the net book value of vehicles is £51,451 (2023: £7,501), and in plant and machinery is £3,500 (2023:£nil) in respect of an asset obtained under a finance lease.
6.Fixed asset investments
The company has invested in race horses.

Other investments1

Total

££
Cost or valuation
At 01 March 2320,16220,162
Additions14,43214,432
At 29 February 2434,59434,594
Net book value
At 29 February 2434,59434,594
At 28 February 2320,16220,162

Notes

1Other investments other than loans
7.Stocks

2024

2023

££
Work in progress76,00074,000
Other stocks98,00088,000
Total174,000162,000
8.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables335,06016,984
Other debtors75,954169,732
Prepayments and accrued income6,99610,890
Total418,010197,606
9.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables195,80961,846
Bank borrowings and overdrafts118,74490,458
Taxation and social security26,491256
Finance lease and HP contracts17,6972,586
Other creditors59,76757,405
Accrued liabilities and deferred income1,96246,100
Total420,470258,651
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The finance leases are secured on the assets concerned.
10.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts54,68198,854
Other creditors45,116-
Total99,79798,854
The finance leases are secured on the assets concerned. Bank loans outstanding at the reporting date include instalments due after more than five years of £nil (2023: £nil).
11.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts45,116-
12.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)18,1979,686
Total18,1979,686
13.Related party transactions
Jumbo Stud Partitions Ltd and Highbay Partitions Limited are companies with common directors. During the year, the company incurred expenses on behalf of both Jumbo Stud Partitions Ltd and Highbay Partitions Limited. At 28 February 2024 the company owed Jumbo Stud Partitions Ltd £12,859 (2023: Jumbo Stud Partitions Ltd owed the company £4,384) and Highbay Partitions Limited owed the company £11,949 (2023: £147,839) which are included in other debtors.