Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04843337 Mr P J Nolloth Mr J P Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04843337 2023-07-31 04843337 2024-07-31 04843337 2023-08-01 2024-07-31 04843337 frs-core:CurrentFinancialInstruments 2024-07-31 04843337 frs-core:ComputerEquipment 2024-07-31 04843337 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04843337 frs-core:ComputerEquipment 2023-07-31 04843337 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 04843337 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04843337 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 04843337 frs-core:MotorVehicles 2024-07-31 04843337 frs-core:MotorVehicles 2023-08-01 2024-07-31 04843337 frs-core:MotorVehicles 2023-07-31 04843337 frs-core:PlantMachinery 2024-07-31 04843337 frs-core:PlantMachinery 2023-08-01 2024-07-31 04843337 frs-core:PlantMachinery 2023-07-31 04843337 frs-core:ShareCapital 2024-07-31 04843337 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04843337 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04843337 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04843337 frs-bus:SmallEntities 2023-08-01 2024-07-31 04843337 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04843337 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04843337 frs-bus:Director1 2023-08-01 2024-07-31 04843337 frs-bus:Director2 2023-08-01 2024-07-31 04843337 frs-countries:EnglandWales 2023-08-01 2024-07-31 04843337 2022-07-31 04843337 2023-07-31 04843337 2022-08-01 2023-07-31 04843337 frs-core:CurrentFinancialInstruments 2023-07-31 04843337 frs-core:ShareCapital 2023-07-31 04843337 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04843337
Pjn Motor Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report of the Accountant to the directors of Pjn Motor Engineering Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
14/11/2024
van Dijk Accountants
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 1
Page 2
Balance Sheet
Registered number: 04843337
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,471 52,327
50,471 52,327
CURRENT ASSETS
Stocks 5 3,176 2,979
Debtors 6 15,139 10,245
Cash at bank and in hand 53,420 38,414
71,735 51,638
Creditors: Amounts Falling Due Within One Year 7 (22,633 ) (22,856 )
NET CURRENT ASSETS (LIABILITIES) 49,102 28,782
TOTAL ASSETS LESS CURRENT LIABILITIES 99,573 81,109
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,589 ) (9,942 )
NET ASSETS 89,984 71,167
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 89,983 71,166
SHAREHOLDERS' FUNDS 89,984 71,167
Page 2
Page 3
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P J Nolloth
Director
14/11/2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Pjn Motor Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04843337 . The registered office is Georgian House, 34 Thoroughfare, Halesworth, Suffolk, IP19 8AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% on cost
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Computer Equipment 20% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 4
Page 5
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 20,839 178,144 3,397 23,269 225,649
Additions - 15,237 - - 15,237
Disposals - (4,400 ) (2,430 ) - (6,830 )
As at 31 July 2024 20,839 188,981 967 23,269 234,056
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 August 2023 19,928 133,049 708 19,637 173,322
Provided during the period 664 12,720 2,482 727 16,593
Disposals - (3,900 ) (2,430 ) - (6,330 )
As at 31 July 2024 20,592 141,869 760 20,364 183,585
Net Book Value
As at 31 July 2024 247 47,112 207 2,905 50,471
As at 1 August 2023 911 45,095 2,689 3,632 52,327
5. Stocks
2024 2023
£ £
Stock 3,176 2,979
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,934 8,288
Prepayments and accrued income 2,205 1,957
15,139 10,245
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,407 16,823
Corporation tax 9,223 2,825
VAT 2,424 1,303
Other creditors - 158
Accruals and deferred income 1,300 1,300
Directors' loan accounts 279 447
22,633 22,856
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6
Page 7
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 19,500 23,800
Page 7