Company Registration No. 01605025 (England and Wales)
PJS Industrial Supplies Limited
Unaudited accounts
for the year ended 31 December 2024
PJS Industrial Supplies Limited
Unaudited accounts
Contents
PJS Industrial Supplies Limited
Company Information
for the year ended 31 December 2024
Directors
Mr J. Huxtable
Mrs S Huxtable
Company Number
01605025 (England and Wales)
Registered Office
UNIT 10 CASTLEACRES INDUSTRIAL PARK
CASTLE ROAD
SITTINGBOURNE
KENT
ME10 3RZ
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
PJS Industrial Supplies Limited
Statement of financial position
as at 31 December 2024
Tangible assets
50,775
33,070
Cash at bank and in hand
208,475
195,042
Creditors: amounts falling due within one year
(82,415)
(80,262)
Net current assets
506,327
567,125
Total assets less current liabilities
557,102
600,195
Provisions for liabilities
Deferred tax
(8,294)
(8,294)
Net assets
548,808
591,901
Called up share capital
3
3
Profit and loss account
548,805
591,898
Shareholders' funds
548,808
591,901
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2025 and were signed on its behalf by
Mr J. Huxtable
Director
Company Registration No. 01605025
PJS Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 December 2024
PJS Industrial Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 01605025. The registered office is UNIT 10 CASTLEACRES INDUSTRIAL PARK, CASTLE ROAD, SITTINGBOURNE, KENT, ME10 3RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 50 years
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PJS Industrial Supplies Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
60,660
157,105
-
217,765
Additions
32,984
8,176
5,273
46,433
Disposals
(22,892)
-
-
(22,892)
At 31 December 2024
70,752
165,281
5,273
241,306
At 1 January 2024
46,105
138,590
-
184,695
Charge for the year
8,934
6,673
1,318
16,925
On disposals
(11,089)
-
-
(11,089)
At 31 December 2024
43,950
145,263
1,318
190,531
At 31 December 2024
26,802
20,018
3,955
50,775
At 31 December 2023
14,555
18,515
-
33,070
Amounts falling due within one year
Trade debtors
78,625
76,511
Amounts due from group undertakings etc.
242,233
301,109
Accrued income and prepayments
-
3,000
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
53,365
40,712
Taxes and social security
3,267
9,500
Other creditors
5,851
8,964
Loans from directors
5,866
5,516
7
Transactions with related parties
As At 31/12/2024, Hux Holdings Ltd Owes £242233 to PJS Industrial Supplies Ltd
The ultimate controlling party is the parent company Hux Holdings Limited.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).