PJIB Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07373861

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		465		620

			465		620
CURRENT ASSETS
Stocks	5	60,000		62,000
Debtors		15,084		3,163
Cash at bank and in hand		12		22

		75,096		65,185
Creditors: Amounts Falling Due Within One Year		(76,834 )		(52,247 )

NET CURRENT ASSETS (LIABILITIES)			(1,738 )		12,938

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,273 )		13,558

Creditors: Amounts Falling Due After More Than One Year			(12,605 )		(22,535 )

NET LIABILITIES			(13,878 )		(8,977 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(13,978 )		(9,077 )

SHAREHOLDERS' FUNDS			(13,878)		(8,977)

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PJIB Ltd

Balance Sheet (continued)

As At 25 September 2024

For the year ending 25 September 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P J Irvine

Director

25th September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PJIB Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07373861 . The registered office is 3 Pinelands Close, St. Johns Park, Blackheath, London, SE3 7TF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% on reducing balance

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

Tax is recognised in the profit and loss account 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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PJIB Ltd

Notes to the Financial Statements (continued)

For The Year Ended 25 September 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 27 September 2023	5,767

As at 25 September 2024	5,767

Depreciation
As at 27 September 2023	5,147
Provided during the period	155

As at 25 September 2024	5,302

Net Book Value
As at 25 September 2024	465

As at 27 September 2023	620

5. Stocks

	2024	2023
	£	£
Stock	60,000	62,000

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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