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REGISTERED NUMBER: 13176495 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

PJM Valeting Limited

PJM Valeting Limited (Registered number: 13176495)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PJM Valeting Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P Moore
Mrs S Moore





REGISTERED OFFICE: Unit 1, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwks
CV13 6EU





REGISTERED NUMBER: 13176495 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Unit 1-3, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

PJM Valeting Limited (Registered number: 13176495)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,678 695,524

CURRENT ASSETS
Stocks 21,500 7,500
Debtors 5 4,903,789 3,816,813
Cash at bank 7,392 214,488
4,932,681 4,038,801
CREDITORS
Amounts falling due within one year 6 1,478,029 2,774,507
NET CURRENT ASSETS 3,454,652 1,264,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,668,330

1,959,818

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,668,230 1,959,718
3,668,330 1,959,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PJM Valeting Limited (Registered number: 13176495)

Balance Sheet - continued
31 December 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 28 March 2025 and were signed on its behalf by:





Mrs S Moore - Director


PJM Valeting Limited (Registered number: 13176495)

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


1. STATUTORY INFORMATION

PJM Valeting 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

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.

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.

PJM Valeting Limited (Registered number: 13176495)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 301,250 549,690 59,387 910,327
Additions - 162,995 - 162,995
Disposals (301,250 ) (409,815 ) (15,808 ) (726,873 )
At 31 December 2024 - 302,870 43,579 346,449
DEPRECIATION
At 1 January 2024 75,312 118,143 21,348 214,803
Charge for year 75,313 104,241 16,231 195,785
Eliminated on disposal (150,625 ) (117,304 ) (9,888 ) (277,817 )
At 31 December 2024 - 105,080 27,691 132,771
NET BOOK VALUE
At 31 December 2024 - 197,790 15,888 213,678
At 31 December 2023 225,938 431,547 38,039 695,524

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,926,785 738,388
Other debtors 2,977,004 3,078,425
4,903,789 3,816,813

PJM Valeting Limited (Registered number: 13176495)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 47,680 214,776
Amounts owed to group undertakings - 1,810,971
Taxation and social security 1,424,714 743,510
Other creditors 5,635 5,250
1,478,029 2,774,507

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
P Moore and Mrs S Moore
Balance outstanding at start of year 1,500,000 1,383,743
Amounts advanced 377,682 116,257
Amounts repaid (127,682 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,750,000 1,500,000