P.J. Allison (Wirral) Limited

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

1. General Information

P.J. Allison (Wirral) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01160596 . The registered office is Trees 5 Baskervyle Road, Gayton, Wirral, Merseyside, CH60 8NJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

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'.

2.2. Going Concern Disclosure

The company is able to meet its day to day working capital requirements through the support of its director. Therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

2.3. Tangible Fixed Assets and Depreciation

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.

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:

Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance

2.4. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.5. Taxation

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.

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.

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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P.J. Allison (Wirral) Limited

Notes to the Financial Statements (continued)

For The Year Ended 27 February 2025

4. Tangible Assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
As at 28 February 2024	24,129	9,452	33,581
Additions	-	(9,452 )	(9,452 )
Disposals	(24,129 )	-	(24,129 )

As at 27 February 2025	-	-	-

Depreciation
As at 28 February 2024	24,114	9,397	33,511
Disposals	(24,114 )	(9,397 )	(33,511 )

As at 27 February 2025	-	-	-

Net Book Value
As at 27 February 2025	-	-	-

As at 28 February 2024	15	55	70

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	21	24
Other debtors	142,883	113,237
PJ Allison (Contracts) Limited	288,021	288,021
Deferred tax current asset	116,993	104,733
VAT	4,909	3,962
Directors' loan accounts	43,759	44,383

	596,586	554,360

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	48,959	48,962
Corporation tax	8,968	20
Other taxes and social security	938	-
Other creditors	56,033	56,033
Accruals and deferred income	3,745	3,530
Directors' loan accounts	442	130

	119,085	108,675

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4,500	4,500

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P.J. Allison (Wirral) Limited

Notes to the Financial Statements (continued)

For The Year Ended 27 February 2025

8. Directors Advances, Credits and Guarantees

A director has a brought forward advance from the company of £44,383 (2023: 20,631) and received interest free advances during the year totalling £Nil (2023: £120,000) and repaid an amounts totalling £624 (2023: £95,624). All advances are repayable on demand. The advance carried forward is £43,759.

The above loans are unsecured, interest free and repayable on demand.

9. Related Party Transactions

The following related party transactions were undertaken during the year:

There were no transactions relating to the estate of a deceased close family member. At the year end the balance payable was £10,000 (2024: £10,000).

A director and shareholder, introduced £312 (2024: £312). At the year end the balance owed to the director was £442 (2024: balance owed from the company: £130).

Director's and shareholders, withdrew £Nil (2024: NIL) and introduced £624 (2024: £624). At the year end the balance receivable was £43,759 (2024: £44,383).

During the year, a shareholder withdrew £23,514 (2024: £3,000) and repaid £Nil (2024: £Nil). At the year end the balance receivable was £95,326 (2024: £71,812).

A company under common control, had expenses paid for totalling NIL (2024: £1,390). At the year end the balance receivable was £288,021 (2024: £288,021).

No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		70

			-		70
CURRENT ASSETS
Debtors	5	596,586		554,360
Cash at bank and in hand		918,518		994,077

		1,515,104		1,548,437
Creditors: Amounts Falling Due Within One Year	6	(119,085 )		(108,675 )

NET CURRENT ASSETS (LIABILITIES)			1,396,019		1,439,762

TOTAL ASSETS LESS CURRENT LIABILITIES			1,396,019		1,439,832

NET ASSETS			1,396,019		1,439,832

CAPITAL AND RESERVES
Called up share capital	7		4,500		4,500
Capital redemption reserve			500		500
Profit and Loss Account			1,391,019		1,434,832

SHAREHOLDERS' FUNDS			1,396,019		1,439,832