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REGISTERED NUMBER: 05083838 (England and Wales)










Financial Statements

for the Year Ended 31 August 2024

for

P & J Security and Electrical Systems
Limited

P & J Security and Electrical Systems
Limited (Registered number: 05083838)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & J Security and Electrical Systems
Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P A Stubbs
Mrs G M Bourne





SECRETARY: P A Stubbs





REGISTERED OFFICE: 154 Broughton Road
Coppenhall
Crewe
Cheshire
CW1 4NR





REGISTERED NUMBER: 05083838 (England and Wales)





ACCOUNTANTS: John Greenall & Co Limited
20 Crewe Road
Sandbach
Cheshire
CW11 4NE

P & J Security and Electrical Systems
Limited (Registered number: 05083838)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,613 24,432
30,613 24,432

CURRENT ASSETS
Stocks 101,599 72,120
Debtors 6 76,994 244,959
Cash at bank 362,793 191,577
541,386 508,656
CREDITORS
Amounts falling due within one year 7 121,298 105,681
NET CURRENT ASSETS 420,088 402,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,701

427,407

PROVISIONS FOR LIABILITIES 6,961 5,057
NET ASSETS 443,740 422,350

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 443,736 422,346
SHAREHOLDERS' FUNDS 443,740 422,350

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

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

The directors acknowledge their 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 Security and Electrical Systems
Limited (Registered number: 05083838)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




P A Stubbs - Director



Mrs G M Bourne - Director


P & J Security and Electrical Systems
Limited (Registered number: 05083838)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

P & J Security and Electrical Systems 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 Security and Electrical Systems
Limited (Registered number: 05083838)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

P & J Security and Electrical Systems
Limited (Registered number: 05083838)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 35,186 12,268 80,171 127,625
Additions - 507 13,500 14,007
At 31 August 2024 35,186 12,775 93,671 141,632
DEPRECIATION
At 1 September 2023 22,808 7,320 73,065 103,193
Charge for year 1,857 818 5,151 7,826
At 31 August 2024 24,665 8,138 78,216 111,019
NET BOOK VALUE
At 31 August 2024 10,521 4,637 15,455 30,613
At 31 August 2023 12,378 4,948 7,106 24,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 75,850 243,828
Other debtors 1,144 1,131
76,994 244,959

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 12,844 21,499
Taxation and social security 42,456 59,463
Other creditors 65,998 24,719
121,298 105,681