Registered number
12268200
PJM PROPERTY SOLUTIONS LTD
Filleted Accounts
31 October 2024
PJM PROPERTY SOLUTIONS LTD
Registered number: 12268200
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 227,620 123,782
Current assets
Debtors 4 189,918 207,990
Cash at bank and in hand 517,953 277,012
707,871 485,002
Creditors: amounts falling due within one year 5 (104,360) (159,116)
Net current assets 603,511 325,886
Total assets less current liabilities 831,131 449,668
Creditors: amounts falling due after more than one year 6 (100,085) -
Net assets 731,046 449,668
Capital and reserves
Called up share capital 1 1
Profit and loss account 731,045 449,667
Shareholders' funds 731,046 449,668
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.
Patrick Joseph Maguire
Director
Approved by the board on 25 July 2025
PJM PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 42,543 184,331 226,874
Additions 15,366 120,957 136,323
At 31 October 2024 57,909 305,288 363,197
Depreciation
At 1 November 2023 19,743 83,349 103,092
Charge for the year 11,697 21,988 33,685
On disposals - (1,200) (1,200)
At 31 October 2024 31,440 104,137 135,577
Net book value
At 31 October 2024 26,469 201,151 227,620
At 31 October 2023 22,800 100,982 123,782
4 Debtors 2024 2023
£ £
Trade debtors 125,571 124,944
Other debtors 64,347 83,046
189,918 207,990
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 12,490
Trade creditors (564) 49,142
Taxation and social security costs 100,286 88,752
Other creditors 4,638 8,732
104,360 159,116
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 100,085 -
7 Other information
PJM PROPERTY SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit D1 Kestrel Court
Kestrel Rd, Trafford Park,
Manchester
M17 1SF
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