| P & J International Limited |
| Registered Number:04687736 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2024
P & J International Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
P & J International Limited
Statement of Financial Position
2023
2024
-
427
2
| Property, plant and equipment |
3,154
3,702
3
3,154
4,129
439,490
435,900
4
| Trade and other receivables |
525,677
517,453
5
1,277,018
| Cash and cash equivalents |
971,550
1,924,903
2,242,185
| Trade and other payables: amounts falling due within one |
| year |
(508,684)
(184,247)
6
1,733,501
1,740,656
Net current assets
| Total assets less current liabilities |
1,743,810
1,737,630
(599)
(704)
| Provisions for liabilities |
1,743,211
Net assets
1,736,926
2,000
2,000
11,996
11,996
1,729,215
1,722,930
1,743,211
1,736,926
Shareholders' funds
| For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 September 2024
P & J International Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 08 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 September 2024
P & J International Limited
Notes to the Financial Statements
Statutory Information
| P & J International Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 04687736. |
Lime Tree House
15 Lime Tree Walk
Sevenoaks
Kent
TN13 1YH
| The presentation currency is £ sterling. |
The financial statements relate to trading activities of P & J International Limited only.
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
| 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: |
Plant and machinery
Computer equipment
Fixtures and fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
| Inventories are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes direct costs and an appropriate proportion of fixed and variable overheads where applicable. Stock held on consignment is included within inventories in the financial statements when the terms under which they are held and commercial practice indicate that the main risks and rewards of ownership rest with the company. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 September 2024
P & J International Limited
Notes to the Financial Statements Continued
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the Income Statement. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Financial Instruments
| The company adopted the accounting policy in 2018 in respect of non basic financial instruments, whereby |
| unrealised gains/losses in respect of bank foreign exchange contracts are now only shown in the books at the point |
| where the contracts are exercised so that the financial statements give a true and fair value of the business. |
| The Company also enters into basic financial instrument transactions that result in the recognition of financial assets |
| and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related |
| parties and investments in non-puttable ordinary shares. |
| 2. Intangible fixed assets |
6,162
6,162
5,735
427
Charge for year
6,162
-
427
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For the year ended 30 September 2024
P & J International Limited
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
11,487
8,898
2,589
805
616
189
(751)
-
(751)
2,778
8,763
11,541
| Provision for depreciation and impairment |
7,785
5,386
2,399
Charge for year
1,352
1,250
102
(750)
(750)
-
8,387
5,886
2,501
277
2,877
3,154
190
3,512
3,702
2023
2024
435,900
439,490
| 5. Trade and other receivables |
2023
2024
507,554
516,668
9,899
9,009
525,677
517,453
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For the year ended 30 September 2024
P & J International Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
108,584
482,926
| Taxation and social security |
56,900
2,110
18,763
23,648
184,247
508,684
| The company has the following securities a debenture for fixed and floating charges held over all assets of the company and a general pledge, these are all held by the company's bank. The company also has a rent deposit deed. |
| 7. Guarantees and other financial commitments |
| At 30 September 2024 the company had annual commitments under non-cancellable operating leases as set out |
| below: |
2023
2024
| Operating leases which expire: |
3,900
3,900
3,900
3,900
| 8. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4) including Director's.
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