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Registered number: 09948145

PJAC Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

PJAC Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Paul O'Brien
Adam Phelps
REGISTERED OFFICE
Unit 5 Victoria Grove
Bedminster
Bristol
BS3 4AN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09948145
ACCOUNTANTS
R F Love & Company
Chartered Accountant
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS

PJAC Developments Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

PJAC Developments Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
CURRENT ASSETS
Stock-1,115,000
Debtors4297,21152,078
Cash at bank and in hand2,52111,061
299,7321,178,139
CREDITORS: Amounts falling due within one year5334,416348,549
NET CURRENT (LIABILITIES) / ASSETS(34,684)829,590
TOTAL ASSETS LESS CURRENT LIABILITIES(34,684)829,590
CREDITORS: Amounts falling due after more than one year628,703883,153
NET LIABILITIES(63,387)(53,563)
CAPITAL AND RESERVES
Called up share capital7402402
Profit and loss account(63,789)(53,965)
SHAREHOLDERS' FUNDS(63,387)(53,563)
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/03/2025 and signed on their behalf by
.............................
Paul O'Brien
Director

PJAC Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. STOCK 20242023
££
Stock comprises:
Work in progress-1,115,000
-1,115,000

PJAC Developments Limited

4. DEBTORS 20242023
££
Amounts falling due within one year
Other tax5,6565,655
Other debtors291,15128,692
Amounts due from group companies404129
Directors current account-17,602
297,21152,078
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other tax6,7926,552
Directors current account198400
Bank Loan5,5565,556
Trade creditors-3,839
Other creditors320,166321,489
Accruals1,70410,713
334,416348,549
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr28,70334,259
Bank loans (secured) >1yr-848,894
28,703883,153
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
402 Ordinary shares of £1 each402402
402402