Registered number
09524133
P J BUILDING & PLASTERING LIMITED
Filleted Accounts
30 June 2024
P J BUILDING & PLASTERING LIMITED
Registered number: 09524133
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 12,375 13,500
Tangible assets 4 11,513 13,263
23,888 26,763
Current assets
Debtors 5 19,493 230
Cash at bank and in hand - 4,442
19,493 4,672
Creditors: amounts falling due within one year 6 (31,654) (34,513)
Net current liabilities (12,161) (29,841)
Total assets less current liabilities 11,727 (3,078)
Creditors: amounts falling due after more than one year 7 (4,117) (7,884)
Net assets/(liabilities) 7,610 (10,962)
Capital and reserves
Called up share capital 1,000 1,000
Share premium 11,000 11,000
Profit and loss account (4,390) (22,962)
Shareholders' funds 7,610 (10,962)
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 members have 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.
P. Chadwick
Director
Approved by the board on 15 November 2024
P J BUILDING & PLASTERING LIMITED
Notes to the Accounts
for the year ended 30 June 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 over 10 years
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 2 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 22,500
At 30 June 2024 22,500
Amortisation
At 1 July 2023 9,000
Provided during the year 1,125
At 30 June 2024 10,125
Net book value
At 30 June 2024 12,375
At 30 June 2023 13,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Motor vehicles
£
Cost
At 1 July 2023 17,500
At 30 June 2024 17,500
Depreciation
At 1 July 2023 4,237
Charge for the year 1,750
At 30 June 2024 5,987
Net book value
At 30 June 2024 11,513
At 30 June 2023 13,263
5 Debtors 2024 2023
£ £
Trade debtors 13,958 -
Other debtors 5,535 230
19,493 230
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,758 3,800
Trade creditors 12,009 12,418
Directors loan account - 14,542
Corporation tax (786) (2,639)
Other taxes and social security costs 417 (1,181)
Value Added Tax 812 4,655
Other creditors 14,444 2,918
31,654 34,513
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,117 7,884
8 Directors' transactions 2024
£
Directors loan account
Opening balance (14,542)
Amounts advanced 27,626
Amounts repaid (9,100)
Closing balance 3,984
No interest has been charged on this loan account
9 Other information
P J BUILDING & PLASTERING LIMITED is a private company limited by shares and incorporated in England.
11 Drake Close
New Milton
BH25 5LR
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