Registered number
07567074
PJB PROJECT JOINERY & BUILDING LTD
Report and Accounts
31 March 2024
PJB PROJECT JOINERY & BUILDING LTD
Registered number: 07567074
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,000 2,000
Tangible assets 4 7,294 7,208
9,294 9,208
Current assets
Debtors 5 63,772 26,859
Cash at bank and in hand 94,657 116,122
158,429 142,981
Creditors: amounts falling due within one year 6 (51,998) (49,450)
Net current assets 106,431 93,531
Total assets less current liabilities 115,725 102,739
Creditors: amounts falling due after more than one year 7 (31,524) (54,625)
Provisions for liabilities (830) (692)
Net assets 83,371 47,422
Capital and reserves
Called up share capital 100 100
Profit and loss account 83,271 47,322
Shareholder's funds 83,371 47,422
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Pearson
Director
Approved by the board on 18 December 2024
PJB PROJECT JOINERY & BUILDING LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 8,000
At 31 March 2024 8,000
Net book value
At 31 March 2024 2,000
At 31 March 2023 2,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 17,134
Additions 2,517
At 31 March 2024 19,651
Depreciation
At 1 April 2023 9,926
Charge for the year 2,431
At 31 March 2024 12,357
Net book value
At 31 March 2024 7,294
At 31 March 2023 7,208
5 Debtors 2024 2023
£ £
Trade debtors 4,000 25,750
Other debtors 59,772 1,109
63,772 26,859
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,957 4,957
Obligations under finance lease and hire purchase contracts 2,420 2,420
Trade creditors 1,482 15,867
Corporation tax 22,789 11,695
Other taxes and social security costs 19,168 13,407
Other creditors 1,182 1,104
51,998 49,450
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 30,744 35,738
Obligations under finance lease and hire purchase contracts 403 2,823
Other creditors 377 16,064
31,524 54,625
8 Other information
PJB PROJECT JOINERY & BUILDING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Office 4
Swan Business Centre
Higher Swan Lane
Bolton
BL3 3AQ
8 Related party balances
Included within other creditors due after more than one year are amounts owed to directors
totalling £377 (2023: £16,064).
There are no fixed repayment terms and no interest is charged by the company on this balance.
Included within other debtors are amount owed to the company from Project Developments (NW)
Ltd totalling £59,610 (2023: £143).
There are no fixed repayment terms and no interest is charged by the company on this balance.
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