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REGISTERED NUMBER: 06502507 (England and Wales)

















PJD Electrical Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






PJD Electrical Limited (Registered number: 06502507)






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


PJD Electrical Limited

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr P J Duplock
Mr P Markham





REGISTERED OFFICE: Hill Top Works
Ellifoot Lane
Burstwick
Hull
HU12 9EF





REGISTERED NUMBER: 06502507 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

PJD Electrical Limited (Registered number: 06502507)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 118,883 132,397
118,883 132,397

CURRENT ASSETS
Stocks 6 74,273 31,275
Debtors 7 256,485 328,946
Cash at bank and in hand 30,514 386
361,272 360,607
CREDITORS
Amounts falling due within one year 8 347,391 298,870
NET CURRENT ASSETS 13,881 61,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,764

194,134

CREDITORS
Amounts falling due after more than one
year

9

(99,793

)

(170,907

)

PROVISIONS FOR LIABILITIES (22,956 ) (22,225 )
NET ASSETS 10,015 1,002

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 9,014 1
SHAREHOLDERS' FUNDS 10,015 1,002

PJD Electrical Limited (Registered number: 06502507)

BALANCE SHEET - continued
31 March 2024


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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mr P J Duplock - Director


PJD Electrical Limited (Registered number: 06502507)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PJD Electrical Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Government grants
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets. Grants related to expenses are treated as income in the profit and loss account in the period they are receivable.

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 Profit and Loss Account, 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.

PJD Electrical Limited (Registered number: 06502507)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 31,000
AMORTISATION
At 1 April 2023
and 31 March 2024 31,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

PJD Electrical Limited (Registered number: 06502507)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 62,304 18,807 216,212 18,130 315,453
Additions - 11,527 25,119 440 37,086
Disposals - - (38,509 ) - (38,509 )
At 31 March 2024 62,304 30,334 202,822 18,570 314,030
DEPRECIATION
At 1 April 2023 50,631 13,653 107,511 11,261 183,056
Charge for year 2,335 3,336 5,158 1,462 12,291
Eliminated on disposal - - (200 ) - (200 )
At 31 March 2024 52,966 16,989 112,469 12,723 195,147
NET BOOK VALUE
At 31 March 2024 9,338 13,345 90,353 5,847 118,883
At 31 March 2023 11,673 5,154 108,701 6,869 132,397

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 161,194
Additions 25,119
Disposals (37,509 )
At 31 March 2024 148,804
DEPRECIATION
At 1 April 2023 62,300
Charge for year 3,357
At 31 March 2024 65,657
NET BOOK VALUE
At 31 March 2024 83,147
At 31 March 2023 98,894

6. STOCKS
2024 2023
£    £   
Stocks 25,000 16,000
Work-in-progress 49,273 15,275
74,273 31,275

PJD Electrical Limited (Registered number: 06502507)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 194,108 241,689
Other debtors 27,660 32,460
Directors' current accounts 29,855 52,493
Prepayments 4,862 2,304
256,485 328,946

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,513 57,468
Hire purchase contracts and finance leases 35,972 40,994
Trade creditors 187,182 147,167
Tax 22,126 16,627
Social security and other taxes 8,830 10,757
VAT 31,507 139
Credit card 7,346 20,082
Accruals 5,915 5,636
347,391 298,870

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 47,031 48,660
Bank loans - 2-5 years - 46,568
Hire purchase contracts and finance leases 52,762 75,679
99,793 170,907

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P J Duplock
Balance outstanding at start of year 52,493 77,234
Amounts repaid (22,638 ) (24,741 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,855 52,493