IRIS Accounts Production v24.3.2.46 05581988 director 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary A £1.00 1.00000 Ordinary B £1.00 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055819882023-12-31055819882024-12-31055819882024-01-012024-12-31055819882022-12-31055819882023-01-012023-12-31055819882023-12-3105581988ns15:EnglandWales2024-01-012024-12-3105581988ns14:PoundSterling2024-01-012024-12-3105581988ns10:Director12024-01-012024-12-3105581988ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105581988ns10:SmallEntities2024-01-012024-12-3105581988ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3105581988ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105581988ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105581988ns10:FullAccounts2024-01-012024-12-3105581988ns10:OrdinaryShareClass12024-01-012024-12-3105581988ns10:OrdinaryShareClass22024-01-012024-12-3105581988ns10:CompanySecretary12024-01-012024-12-3105581988ns10:RegisteredOffice2024-01-012024-12-3105581988ns5:CurrentFinancialInstruments2024-12-3105581988ns5:CurrentFinancialInstruments2023-12-3105581988ns5:ShareCapital2024-12-3105581988ns5:ShareCapital2023-12-3105581988ns5:CapitalRedemptionReserve2024-12-3105581988ns5:CapitalRedemptionReserve2023-12-3105581988ns5:RetainedEarningsAccumulatedLosses2024-12-3105581988ns5:RetainedEarningsAccumulatedLosses2023-12-3105581988ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3105581988ns5:PlantMachinery2024-01-012024-12-3105581988ns5:MotorVehicles2024-01-012024-12-3105581988ns5:LandBuildings2023-12-3105581988ns5:PlantMachinery2023-12-3105581988ns5:MotorVehicles2023-12-3105581988ns5:LandBuildings2024-01-012024-12-3105581988ns5:LandBuildings2024-12-3105581988ns5:PlantMachinery2024-12-3105581988ns5:MotorVehicles2024-12-3105581988ns5:LandBuildings2023-12-3105581988ns5:PlantMachinery2023-12-3105581988ns5:MotorVehicles2023-12-3105581988ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105581988ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105581988ns10:OrdinaryShareClass12024-12-3105581988ns10:OrdinaryShareClass22024-12-31
REGISTERED NUMBER: 05581988 (England and Wales)















P J Aiken Limited

Unaudited Financial Statements for the Year Ended 31 December 2024






P J Aiken Limited (Registered number: 05581988)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P J Aiken Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: G Collins





SECRETARY: C Collins





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 05581988 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
One New Street
Wells
Somerset
BA5 2LA

P J Aiken Limited (Registered number: 05581988)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,243 22,987

CURRENT ASSETS
Stocks 250 250
Debtors 5 533,574 541,850
Cash at bank 239,589 170,752
773,413 712,852
CREDITORS
Amounts falling due within one year 6 112,466 130,030
NET CURRENT ASSETS 660,947 582,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,190

605,809

PROVISIONS FOR LIABILITIES 15,101 3,505
NET ASSETS 714,089 602,304

CAPITAL AND RESERVES
Called up share capital 7 50 50
Capital redemption reserve 50 50
Retained earnings 713,989 602,204
SHAREHOLDERS' FUNDS 714,089 602,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P J Aiken Limited (Registered number: 05581988)

Balance Sheet - continued
31 December 2024


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 director and authorised for issue on 27 January 2025 and were signed by:





G Collins - Director


P J Aiken Limited (Registered number: 05581988)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

P J Aiken 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from financial services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost

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.


P J Aiken Limited (Registered number: 05581988)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 4,295 56,257 - 60,552
Additions - 9,219 50,426 59,645
At 31 December 2024 4,295 65,476 50,426 120,197
DEPRECIATION
At 1 January 2024 1,117 36,448 - 37,565
Charge for year 86 4,218 10,085 14,389
At 31 December 2024 1,203 40,666 10,085 51,954
NET BOOK VALUE
At 31 December 2024 3,092 24,810 40,341 68,243
At 31 December 2023 3,178 19,809 - 22,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,232 13,377
Amounts owed by group undertakings 504,364 508,596
Other debtors 12,978 19,877
533,574 541,850

P J Aiken Limited (Registered number: 05581988)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 932
Taxation and social security 87,239 105,335
Other creditors 25,226 23,763
112,466 130,030

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A £1.00 £1 40 40
10 Ordinary B £1.00 £1 10 10
50 50