PJ Powder Coatings Ltd 06391730 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Powder Coating Digita Accounts Production Advanced 6.30.9574.0 true true 06391730 2023-10-01 2024-09-30 06391730 2024-09-30 06391730 core:RetainedEarningsAccumulatedLosses 2024-09-30 06391730 core:ShareCapital 2024-09-30 06391730 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 06391730 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 06391730 core:FurnitureFittingsToolsEquipment 2024-09-30 06391730 core:MotorVehicles 2024-09-30 06391730 core:OtherPropertyPlantEquipment 2024-09-30 06391730 bus:SmallEntities 2023-10-01 2024-09-30 06391730 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06391730 bus:FilletedAccounts 2023-10-01 2024-09-30 06391730 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06391730 bus:RegisteredOffice 2023-10-01 2024-09-30 06391730 bus:Director1 2023-10-01 2024-09-30 06391730 bus:Director2 2023-10-01 2024-09-30 06391730 bus:Director4 2023-10-01 2024-09-30 06391730 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06391730 core:FurnitureFittings 2023-10-01 2024-09-30 06391730 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 06391730 core:MotorVehicles 2023-10-01 2024-09-30 06391730 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 06391730 core:PlantMachinery 2023-10-01 2024-09-30 06391730 countries:AllCountries 2023-10-01 2024-09-30 06391730 2023-09-30 06391730 core:FurnitureFittingsToolsEquipment 2023-09-30 06391730 core:MotorVehicles 2023-09-30 06391730 core:OtherPropertyPlantEquipment 2023-09-30 06391730 2022-10-01 2023-09-30 06391730 2023-09-30 06391730 core:RetainedEarningsAccumulatedLosses 2023-09-30 06391730 core:ShareCapital 2023-09-30 06391730 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06391730 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 06391730 core:FurnitureFittingsToolsEquipment 2023-09-30 06391730 core:MotorVehicles 2023-09-30 06391730 core:OtherPropertyPlantEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 06391730

PJ Powder Coatings Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 30 September 2024

 

PJ Powder Coatings Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

PJ Powder Coatings Ltd

Company Information


 

Directors

Mr Martin Sanderson

Mr Paul Sanderson

Mrs Joan Wollohan Sanderson


 


 

Registered office

21 Brown Avenue
Leeds
LS11 0DS



 

Accountants

Farrar Smith
Chartered Accountants
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

 

PJ Powder Coatings Ltd

(Registration number: 06391730)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

4,372

 

5,427

Current assets

   

 

Stocks

5

2,750

 

2,850

 

Debtors

6

30,123

 

35,530

 

Cash at bank and in hand

 

43,795

 

31,797

 

 

76,668

 

70,177

 

Creditors: Amounts falling due within one year

7

(36,423)

 

(38,260)

 

Net current assets

   

40,245

 

31,917

Total assets less current liabilities

   

44,617

 

37,344

Creditors: Amounts falling due after more than one year

7

 

(28,446)

 

(34,002)

Provisions for liabilities

 

(200)

 

(872)

Net assets

   

15,971

 

2,470

Capital and reserves

   

 

Called up share capital

3

 

3

 

Profit and loss account

15,968

 

2,467

 

Total equity

   

15,971

 

2,470

 

PJ Powder Coatings Ltd

(Registration number: 06391730)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 November 2024 and signed on its behalf by:
 

.........................................
Mrs Joan Wollohan Sanderson
Director

 

PJ Powder Coatings Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
21 Brown Avenue
Leeds
LS11 0DS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

PJ Powder Coatings Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Reducing Balance

Fixtures & Fittings

15% Reducing Balance

Motor Vehicles

25% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

PJ Powder Coatings Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

715

6,000

13,639

20,354

At 30 September 2024

715

6,000

13,639

20,354

Depreciation

At 1 October 2023

107

6,000

8,820

14,927

Charge for the year

91

-

964

1,055

At 30 September 2024

198

6,000

9,784

15,982

Carrying amount

At 30 September 2024

517

-

3,855

4,372

At 30 September 2023

608

-

4,819

5,427

5

Stocks

2024
£

2023
£

Other inventories

2,750

2,850

6

Debtors

Current

2024
£

2023
£

Trade debtors

27,783

33,030

Prepayments

2,340

2,500

 

30,123

35,530

 

PJ Powder Coatings Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

5,556

5,556

Trade creditors

8,222

8,659

Taxation and social security

20,301

22,027

Other creditors

2,344

2,018

36,423

38,260

Due after one year

Loans and borrowings

28,446

34,002