REGISTERED NUMBER: 03945210 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

PJ Interiors (Brigg) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P Burke

SECRETARY:

Mrs J Burke

REGISTERED OFFICE:

Suite 32/33

Normanby Gateway

Lysaghts Way

Scunthorpe

North Lincolnshire

DN15 9YG

REGISTERED NUMBER:

03945210 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 32/33 Normanby Gateway,

Lysaghts Way,

Scunthorpe

North Lincolnshire

DN15 9YG

Fixed assets

Tangible assets

4

66,233

45,935

Current assets

Stocks

231,546

235,739

Debtors

5

443,796

296,013

Cash at bank and in hand

65,719

91,351

741,061

623,103

Creditors

Amounts falling due within one year

6

(272,405

)

(170,328

)

Net current assets

468,656

452,775

Total assets less current liabilities

534,889

498,710

Creditors

Amounts falling due after more than one year

7

(22,362

)

(30,481

)

Net assets

512,527

468,229

Capital and reserves

Called up share capital

2

2

Retained earnings

8

512,525

468,227

512,527

468,229

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 director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2025 and were signed by:

P Burke - Director

1.	STATUTORY INFORMATION

PJ Interiors (Brigg) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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.

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

6,055

89,884

12,992

108,931

Additions

-

34,140

1,414

35,554

Disposals

-

(16,330

)

-

(16,330

)

At 31 March 2025

6,055

107,694

14,406

128,155

DEPRECIATION

At 1 April 2024

6,055

47,852

9,089

62,996

Charge for year

-

12,891

2,365

15,256

Eliminated on disposal

-

(16,330

)

-

(16,330

)

At 31 March 2025

6,055

44,413

11,454

61,922

NET BOOK VALUE

At 31 March 2025

-

63,281

2,952

66,233

At 31 March 2024

-

42,032

3,903

45,935

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

Motor

vehicles

£

COST

At 1 April 2024

89,884

Additions

34,140

Disposals

(16,330

)

At 31 March 2025

107,694

DEPRECIATION

At 1 April 2024

47,852

Charge for year

12,891

Eliminated on disposal

(16,330

)

At 31 March 2025

44,413

NET BOOK VALUE

At 31 March 2025

63,281

At 31 March 2024

42,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

396,562

257,154

Loan to J Phillips

6,100

10,600

Other debtors

619

619

Directors' current accounts

-

1,649

VAT

38,139

23,747

Prepayments

2,376

2,244

443,796

296,013

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,353

10,098

Hire purchase contracts

19,543

5,259

Trade creditors

135,667

96,692

Corporation tax

6,984

7,002

Social security and other tax

2,891

3,100

CIS Tax

11,840

8,275

Other creditors

49,483

37,609

Directors' current accounts

33,187

-

Accruals

2,457

2,293

272,405

170,328

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

6,162

16,515

Hire purchase contracts

16,200

13,966

22,362

30,481

8.

RESERVES

Retained

earnings

£

At 1 April 2024

468,227

Profit for the year

45,298

Dividends

(1,000

)

At 31 March 2025

512,525

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P Burke

Balance outstanding at start of year

1,649

6,560

Amounts advanced

6,164

939

Amounts repaid

(41,000

)

(5,850

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(33,187

)

1,649