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2024-06-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
04811295
2024-06-01
2025-05-31
04811295
2025-05-31
04811295
2024-05-31
04811295
2023-06-01
2024-05-31
04811295
2024-05-31
04811295
2023-05-31
04811295
core:MotorVehicles
2024-06-01
2025-05-31
04811295
bus:RegisteredOffice
2024-06-01
2025-05-31
04811295
bus:LeadAgentIfApplicable
2024-06-01
2025-05-31
04811295
bus:Director1
2024-06-01
2025-05-31
04811295
bus:Director3
2024-06-01
2025-05-31
04811295
core:LandBuildings
2024-05-31
04811295
core:MotorVehicles
2024-05-31
04811295
core:LandBuildings
2025-05-31
04811295
core:MotorVehicles
2025-05-31
04811295
core:LandBuildings
2024-06-01
2025-05-31
04811295
core:WithinOneYear
2025-05-31
04811295
core:WithinOneYear
2024-05-31
04811295
core:AfterOneYear
2024-05-31
04811295
core:ShareCapital
2025-05-31
04811295
core:ShareCapital
2024-05-31
04811295
core:RetainedEarningsAccumulatedLosses
2025-05-31
04811295
core:RetainedEarningsAccumulatedLosses
2024-05-31
04811295
core:LandBuildings
2024-05-31
04811295
core:MotorVehicles
2024-05-31
04811295
bus:SmallEntities
2024-06-01
2025-05-31
04811295
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2024-06-01
2025-05-31
04811295
bus:SmallCompaniesRegimeForAccounts
2024-06-01
2025-05-31
04811295
bus:PrivateLimitedCompanyLtd
2024-06-01
2025-05-31
04811295
bus:FullAccounts
2024-06-01
2025-05-31
04811295
core:LandBuildings
core:LongLeaseholdAssets
2024-06-01
2025-05-31
04811295
core:OfficeEquipment
2024-06-01
2025-05-31
04811295
core:OfficeEquipment
2024-05-31
04811295
core:OfficeEquipment
2025-05-31
COMPANY REGISTRATION NUMBER:
04811295
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
YEAR ENDED 31st MAY 2025
|
Officers and professional advisers |
1 |
|
|
|
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
|
|
|
Statement of financial position |
3 |
|
|
|
Notes to the financial statements |
5 |
|
|
|
OFFICERS AND PROFESSIONAL ADVISERS |
|
|
THE BOARD OF DIRECTORS |
P J Albone |
|
M T Dunne |
|
|
|
REGISTERED OFFICE |
106-107 Dowgate Hill House |
|
14-16 Dowgate Hill |
|
London |
|
EC4R 2SU |
|
|
|
ACCOUNTANTS |
Colne Valley Business Services LLP t/a Cloke & Co |
|
Chartered Certified Accountants |
|
106-107 Dowgate Hill House |
|
14-16 Dowgate Hill |
|
London |
|
EC4R 2SU |
|
|
|
CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
PJA CARPENTRY LIMITED |
|
YEAR ENDED 31st MAY 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PJA Carpentry Limited for the year ended 31st May 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of PJA Carpentry Limited, as a body, in accordance with the terms of our engagement letter dated 1st August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of PJA Carpentry Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PJA Carpentry Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that PJA Carpentry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PJA Carpentry Limited. You consider that PJA Carpentry Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of PJA Carpentry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Colne Valley Business Services LLP t/a Cloke & Co
Chartered Certified Accountants
106-107 Dowgate Hill House
14-16 Dowgate Hill
London
EC4R 2SU
25 August 2025
|
STATEMENT OF FINANCIAL POSITION |
|
31 May 2025
FIXED ASSETS
|
Tangible assets |
5 |
|
267,537 |
275,461 |
|
|
|
|
|
CURRENT ASSETS
|
Stocks |
49,694 |
|
38,573 |
|
Debtors |
6 |
838,189 |
|
580,715 |
|
Cash at bank and in hand |
822,675 |
|
1,010,919 |
|
------------ |
|
------------ |
|
1,710,558 |
|
1,630,207 |
|
|
|
|
|
|
CREDITORS: amounts falling due within one year |
7 |
1,179,804 |
|
1,085,630 |
|
------------ |
|
------------ |
|
NET CURRENT ASSETS |
|
530,754 |
544,577 |
|
|
--------- |
--------- |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
798,291 |
820,038 |
|
|
|
|
|
|
CREDITORS: amounts falling due after more than one year |
8 |
|
– |
3,397 |
|
|
|
|
|
PROVISIONS
|
Taxation including deferred tax |
|
25,105 |
25,910 |
|
|
--------- |
--------- |
|
NET ASSETS |
|
773,186 |
790,731 |
|
|
--------- |
--------- |
|
|
|
|
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
31 May 2025
CAPITAL AND RESERVES
|
Called up share capital |
|
50 |
100 |
|
Profit and loss account |
|
773,136 |
790,631 |
|
|
--------- |
--------- |
|
SHAREHOLDERS FUNDS |
|
773,186 |
790,731 |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31st May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 August 2025
, and are signed on behalf of the board by:
Company registration number:
04811295
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31st MAY 2025
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 106-107 Dowgate Hill House, 14-16 Dowgate Hill, London, EC4R 2SU.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
BASIS OF PREPARATION
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
REVENUE RECOGNITION
Turnover is recognised when each stage of a contract is completed, less any amounts withheld for retentions by the contractor, exclusive of Value Added Tax.
INCOME TAX
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
TANGIBLE ASSETS
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
DEPRECIATION
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Leasehold improvements |
- |
Over period of the lease
|
|
Motor vehicles |
- |
25% reducing balance |
|
Office equipment |
- |
25% reducing balance |
|
|
|
|
STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
FINANCE LEASES AND HIRE PURCHASE CONTRACTS
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
PROVISIONS
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
20
(2024:
19
).
5.
TANGIBLE ASSETS
|
Land and buildings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
|
|
|
|
|
At 1st June 2024 |
294,401 |
147,378 |
53,218 |
494,997 |
|
Additions |
– |
19,150 |
2,888 |
22,038 |
|
Disposals |
– |
(
9,995) |
– |
(
9,995) |
|
--------- |
--------- |
-------- |
--------- |
|
At 31st May 2025 |
294,401 |
156,533 |
56,106 |
507,040 |
|
--------- |
--------- |
-------- |
--------- |
|
Depreciation |
|
|
|
|
|
At 1st June 2024 |
68,898 |
106,074 |
44,564 |
219,536 |
|
Charge for the year |
11,725 |
15,034 |
2,886 |
29,645 |
|
Disposals |
– |
(
9,678) |
– |
(
9,678) |
|
--------- |
--------- |
-------- |
--------- |
|
At 31st May 2025 |
80,623 |
111,430 |
47,450 |
239,503 |
|
--------- |
--------- |
-------- |
--------- |
|
Carrying amount |
|
|
|
|
|
At 31st May 2025 |
213,778 |
45,103 |
8,656 |
267,537 |
|
--------- |
--------- |
-------- |
--------- |
|
At 31st May 2024 |
225,503 |
41,304 |
8,654 |
275,461 |
|
--------- |
--------- |
-------- |
--------- |
|
|
|
|
|
6.
DEBTORS
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
410,915 |
365,545 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
49,313 |
137,313 |
|
Other debtors |
377,961 |
77,857 |
|
--------- |
--------- |
|
838,189 |
580,715 |
|
--------- |
--------- |
|
|
|
7.
CREDITORS:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
26,667 |
|
Trade creditors |
716,243 |
636,448 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
293,831 |
28,685 |
|
Corporation tax |
17,674 |
81,768 |
|
Social security and other taxes |
124,873 |
119,222 |
|
Other creditors |
27,183 |
192,840 |
|
------------ |
------------ |
|
1,179,804 |
1,085,630 |
|
------------ |
------------ |
|
|
|
8.
CREDITORS:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
– |
3,397 |
|
---- |
------- |
|
|
|
9.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year
P J Albone
was advanced a loan of £350,000. During the year interest of £3,601 was charged at an average rate of 3% per annum. The loan is repyable on demand. At the end of the year, the balance of the loan was £302,647. Since the year end, the loan has been repaid in full. During the year M Dunne was advanced a loan of £2,000. The loan is interest free and is repyable on demand. At the end of the year, the balance of the loan was £600. Since the year end, the loan has been repaid in full.
10.
RELATED PARTY TRANSACTIONS
The company was under the control of P J Albone throughout the current and previous year. P J Albone is a director and majority shareholder of the company. As a result of thsi shareholding, P J Albone received dividends totalling £50,000 during the year (2024 - £-). The company rent a property that is owned by a company director and paid in the year rent of £48,000 (2024 - £30,000). The director of PJA Carpentry Limited is also a director of PJA Contracting Limited. During the year PJA Carpentry Limited provided during the normal course of business carpentry and office services amounting to £1,309,275 (2024 - £846,527) and rent of offices amounting to £6,000 (2024 - £6,000). At the year end, PJA Contracting Limited was owed by PJA Carpentry Limited £293,831 (2024 - £28,685). The director of PJA Carpentry Limited is also a director of PJA Carpentry (Bedfordshire) Limited. At the year end, PJA Carpentry (Bedfordshire) Limited owed PJA Carpentry Limited £49,313 (2024 - £137,313). No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.