IRIS Accounts Production v25.3.0.601 03911898 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03911898 2024-03-31 03911898 2025-03-31 03911898 2024-04-01 2025-03-31 03911898 2023-03-31 03911898 2023-04-01 2024-03-31 03911898 2024-03-31 03911898 ns15:EnglandWales 2024-04-01 2025-03-31 03911898 ns14:PoundSterling 2024-04-01 2025-03-31 03911898 ns10:Director1 2024-04-01 2025-03-31 03911898 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03911898 ns10:SmallEntities 2024-04-01 2025-03-31 03911898 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03911898 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 03911898 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03911898 ns10:AbridgedAccounts 2024-04-01 2025-03-31 03911898 ns10:Director2 2024-04-01 2025-03-31 03911898 ns10:Director3 2024-04-01 2025-03-31 03911898 ns10:CompanySecretary1 2024-04-01 2025-03-31 03911898 ns10:RegisteredOffice 2024-04-01 2025-03-31 03911898 ns5:CurrentFinancialInstruments 2025-03-31 03911898 ns5:CurrentFinancialInstruments 2024-03-31 03911898 ns5:Non-currentFinancialInstruments 2025-03-31 03911898 ns5:Non-currentFinancialInstruments 2024-03-31 03911898 ns5:ShareCapital 2025-03-31 03911898 ns5:ShareCapital 2024-03-31 03911898 ns5:CapitalRedemptionReserve 2025-03-31 03911898 ns5:CapitalRedemptionReserve 2024-03-31 03911898 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 03911898 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 03911898 ns5:PlantMachinery 2024-04-01 2025-03-31 03911898 ns5:FurnitureFittings 2024-04-01 2025-03-31 03911898 ns5:MotorVehicles 2024-04-01 2025-03-31 03911898 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-03-31 03911898 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 03911898 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-03-31 03911898 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-03-31 03911898 ns5:HirePurchaseContracts 2025-03-31 03911898 ns5:HirePurchaseContracts 2024-03-31 03911898 ns5:WithinOneYear 2025-03-31 03911898 ns5:WithinOneYear 2024-03-31 03911898 ns5:BetweenOneFiveYears 2025-03-31 03911898 ns5:BetweenOneFiveYears 2024-03-31 03911898 ns5:AllPeriods 2025-03-31 03911898 ns5:AllPeriods 2024-03-31 03911898 ns5:Secured 2025-03-31 03911898 ns5:Secured 2024-03-31

REGISTERED NUMBER: 03911898 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED |

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED (REGISTERED NUMBER: 03911898) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED |

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | S C Beveridge

| Miss R S Beveridge

| D C Beveridge

| SECRETARY: | Miss W Swadling

| REGISTERED OFFICE: | 12 Harriott Drive

| Heathcote Industrial Estate

| Warwick

| Warwickshire

| CV34 6TJ

| REGISTERED NUMBER: | 03911898 (England and Wales)

| BANKERS: | Lloyds Bank PLC

| 73 The Parade

| Leamington Spa

| Warwickshire

| CV32 4BB

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED (REGISTERED NUMBER: 03911898) |

ABRIDGED BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 593,907 |  | 649,943 |  |

Investments | 5 | 100,845 |  | - |  |

694,752 |  | 649,943 |  |

CURRENT ASSETS

Stocks | 24,072 |  | 50,031 |  |

Debtors | 462,976 |  | 472,370 |  |

Cash at bank | 90,022 |  | 1,070,128 |  |

577,070 |  | 1,592,529 |  |

CREDITORS

Amounts falling due within one year | 656,947 |  | 1,205,835 |  |

NET CURRENT (LIABILITIES)/ASSETS | (79,877 | ) | 386,694 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 614,875 |  | 1,036,637 |  |

CREDITORS

Amounts falling due after more than one year | (332,862 | ) | (466,550 | ) |

PROVISIONS FOR LIABILITIES | (141,265 | ) | (154,932 | ) |

NET ASSETS | 140,748 |  | 415,155 |  |

CAPITAL AND RESERVES

Called up share capital | 168 |  | 168 |  |

Capital redemption reserve | 70 |  | 70 |  |

Retained earnings | 140,510 |  | 414,917 |  |

SHAREHOLDERS' FUNDS | 140,748 |  | 415,155 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED (REGISTERED NUMBER: 03911898) |

ABRIDGED BALANCE SHEET - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 October 2025 and were signed on its behalf by:

S C Beveridge - Director

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED (REGISTERED NUMBER: 03911898) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Power Jointing and Distribution Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

| The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

| At 31 March 2025 the company had net current liabilities of £79,877 (2024 - £386,694 current assets), and net assets of £140,748 (2024 - £415,155). The director has agreed to provide additional finance as required to enable the company to continue trading.

| Turnover

| Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 25% on reducing balance

| Fixtures, fittings and equipment | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED (REGISTERED NUMBER: 03911898) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 15 (2024 - 16 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2024 | 907,746 |  |

| Additions | 168,002 |  |

| Disposals | (59,905 | ) |

| At 31 March 2025 | 1,015,843 |  |

| DEPRECIATION

| At 1 April 2024 | 257,803 |  |

| Charge for year | 197,967 |  |

| Eliminated on disposal | (33,834 | ) |

| At 31 March 2025 | 421,936 |  |

| NET BOOK VALUE

| At 31 March 2025 | 593,907 |  |

| At 31 March 2024 | 649,943 |  |

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED (REGISTERED NUMBER: 03911898) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Totals

£ |

| COST

| At 1 April 2024 | 735,265 |  |

| Additions | 168,002 |  |

| Transfer to ownership | (64,755 | ) |

| At 31 March 2025 | 838,512 |  |

| DEPRECIATION

| At 1 April 2024 | 127,427 |  |

| Charge for year | 185,848 |  |

| Transfer to ownership | (32,310 | ) |

| At 31 March 2025 | 280,965 |  |

| NET BOOK VALUE

| At 31 March 2025 | 557,547 |  |

| At 31 March 2024 | 607,838 |  |

5. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

2025 | 2024 |

£ | £ |

| Additions | 100,845 |  | - |  |

6. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 135,789 |  | 131,843 |  |

| Between one and five years | 326,744 |  | 389,868 |  |

462,533 |  | 521,711 |  |

| POWER JOINTING AND DISTRIBUTION |

| SERVICES LIMITED (REGISTERED NUMBER: 03911898) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

6. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 29,248 |  | 30,475 |  |

| Between one and five years | 56,416 |  | 85,664 |  |

85,664 |  | 116,139 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loan | 76,682 |  | 141,217 |  |

| Hire purchase contracts | 462,533 |  | 521,711 |  |

539,215 |  | 662,928 |  |

| The bank overdraft is secured by a personal guarantee given by S C Beveridge.

| The hire purchase creditor is secured on the asset concerned.

| There is a cross guarantee in place with the parent company, PJDS Holdings Limited.

8. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme in respect of the director and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £171,725 (2024 - £168,145). At the year end there was a balance outstanding of £16,006 (2024 - £Nil).

9. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.