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Registered Number: 04519653
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 May 2024

for

PF & AJ HOLDINGS LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,194,138    1,178,665 
Investments 4 2,000    2,000 
1,196,138    1,180,665 
Current assets      
Debtors 5 23,538    18,189 
Cash at bank and in hand 11,703    58,512 
35,241    76,701 
Creditors: amount falling due within one year 6 (239,458)   (343,584)
Net current assets (204,217)   (266,883)
 
Total assets less current liabilities 991,921    913,782 
Creditors: amount falling due after more than one year 7 (491,894)   (430,608)
Provisions for liabilities 8 (8,814)   (4,243)
Net assets 491,213    478,931 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 490,213    477,931 
Shareholders' funds 491,213    478,931 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 03 December 2024 and were signed on its behalf by:


-------------------------------
A J Brock
Director
1
General Information
Pf & Aj Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 04519653, registration address Artemis House 25 High Street , 25 High Street , Kirton Lindsey, North Lincolnshire, DN21 4LX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2023 1,156,337    3,110    51,851    15,085    1,226,383 
Additions 2,546      15,281    5,480    23,307 
Disposals     (21,945)   (4,247)   (26,192)
At 31 May 2024 1,158,883    3,110    45,187    16,318    1,223,498 
Depreciation
At 01 June 2023   2,489    36,635    8,591    47,715 
Charge for year   93    3,921    2,746    6,760 
On disposals     (21,252)   (3,863)   (25,115)
At 31 May 2024   2,582    19,304    7,474    29,360 
Net book values
Closing balance as at 31 May 2024 1,158,883    528    25,883    8,844    1,194,138 
Opening balance as at 01 June 2023 1,156,337    621    15,214    6,493    1,178,665 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2023 2,000    2,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2024 2,000    2,000 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 5,482    1,178 
Prepayments & Accrued Income 16,819    16,128 
Other Debtors 1,237    883 
23,538    18,189 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 9,786    80,465 
Bank Loans & Overdrafts 21,988    45,500 
Amounts Owed to Group Undertakings 2,000    2,000 
Amounts Owed to Participating Interests 178,704    209,704 
Corporation Tax 4,759    1,219 
Accrued Expenses 22,121    4,551 
Other Creditors 100    145 
239,458    343,584 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 491,894    430,608 
491,894    430,608 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 4,243    3,446 
Charged to Profit & Loss 4,571    797 
8,814    4,243 

2