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Registration number: 04471197

P J T Engineering Limited
Unaudited Filleted Financial Statements
for the Period from 1 February 2024 to 31 July 2024

P J T Engineering Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 11

P J T Engineering Limited

Company Information

Directors | Mrs K L Turner Mr P J Turner

Company secretary | Mrs K L Turner

Registered office | 49 Bryn Road South, Ashton in Makerfield, Wigan, Lancashire. WN4 8QR

Accountants | Hargreaves, Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
P J T Engineering Limited
for the Period Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P J T Engineering Limited for the period ended 31 July 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of P J T Engineering Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of P J T Engineering Limited and state those matters that we have agreed to state to the Board of Directors of P J T Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P J T Engineering Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that P J T Engineering Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P J T Engineering Limited. You consider that P J T Engineering Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of P J T Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Hargreaves, Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

26 January 2026

P J T Engineering Limited

(Registration number: 04471197)
Balance Sheet as at 31 July 2024

| Note | 2024 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 157,913 | 161,937
Current assets |  |  |
Stocks | 6 | 4,984 | 5,227
Debtors | 7 | 123,026 | 120,867
Cash at bank and in hand |  | 2,563 | 1
|  | 130,573 | 126,095
Creditors: Amounts falling due within one year | 8 | (110,515) | (112,992)
Net current assets |  | 20,058 | 13,103
Total assets less current liabilities |  | 177,971 | 175,040
Creditors: Amounts falling due after more than one year | 8 | (15,000) | (20,000)
Provisions for liabilities |  | (25,469) | (20,007)
Net assets |  | 137,502 | 135,033
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 36,664 | 36,664
Retained earnings |  | 100,738 | 98,269
Shareholders' funds |  | 137,502 | 135,033

P J T Engineering Limited

(Registration number: 04471197)
Balance Sheet as at 31 July 2024

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 January 2026 and signed on its behalf by:

......................................... Mr P J Turner Director

P J T Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
49 Bryn Road South,
Ashton in Makerfield,
Wigan,
Lancashire.
WN4 8QR

These financial statements were authorised for issue by the Board on 26 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

P J T Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, based on their estimated residual values, as follows:

Asset class | Depreciation method and rate
Plant and machinery | not depreciated
Furniture and fittings | 10% reducing balance
Motor vehicles | 25% reducing balance
Office equipment | 33.33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

P J T Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

P J T Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period was 4 (2024 - 5).

P J T Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2024

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 February 2024 | 80,000 | 80,000
At 31 July 2024 | 80,000 | 80,000
Amortisation
At 1 February 2024 | 80,000 | 80,000
At 31 July 2024 | 80,000 | 80,000
Carrying amount
At 31 July 2024 | - | -

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 February 2024 | 223,554 | 69,740 | 293,294
At 31 July 2024 | 223,554 | 69,740 | 293,294
Depreciation
At 1 February 2024 | 87,619 | 43,738 | 131,357
Charge for the period | 773 | 3,251 | 4,024
At 31 July 2024 | 88,392 | 46,989 | 135,381
Carrying amount
At 31 July 2024 | 135,162 | 22,751 | 157,913
At 31 January 2024 | 135,935 | 26,002 | 161,937

Revaluation

The fair value of the company's Plant and machinery was revalued on 31 July 2020. An independent valuer was not involved.
The valuation was carried out on the basis of market value.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £74,175 (2024 - £74,175).

P J T Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2024

6 | Stocks

| 2024 £ | 2024 £
Other inventories | 4,984 | 5,227

7 | Debtors

| 2024 £ | 2024 £
Trade debtors | 44,372 | 60,243
Prepayments | 974 | 1,919
Other debtors | 77,680 | 58,705
| 123,026 | 120,867

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 22,614 | 34,975
Trade creditors |  | 42,232 | 44,760
Taxation and social security |  | 27,028 | 20,768
Accruals and deferred income |  | 13,014 | 7,254
Other creditors |  | 5,627 | 5,235
|  | 110,515 | 112,992

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 15,000 | 20,000

P J T Engineering Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2024

9 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2024 £
Bank borrowings | 15,000 | 20,000

Current loans and borrowings

| 2024 £ | 2024 £
Bank borrowings | 10,000 | 10,000
Bank overdrafts | 12,614 | 24,975
| 22,614 | 34,975

10 | Related party transactions

Transactions with directors

The loans are unsecured and repayable on demand, with interest charged at the official rate on the averaged overdrawn balance.

2024 | At 1 February 2024 £ | Advances to director £ | Repayments by director £ | At 31 July 2024 £
| 43,442 | 73,554 | (60,403) | 56,593
| - | - | - | -
| 43,442 | 73,554 | (60,403) | 56,593

2024 | At 1 February 2023 £ | Advances to director £ | Repayments by director £ | At 31 January 2024 £
| 89,525 | 99,922 | (146,005) | 43,442
| 89,525 | 99,922 | (146,005) | 43,442