Company Registration No. 11748080 (England and Wales)
PJ Faizan Ltd
Unaudited accounts (Amended)
for the year ended 31 March 2025
PJ Faizan Ltd
Unaudited accounts (Amended)
Contents
PJ Faizan Ltd
Company Information
for the year ended 31 March 2025
Company Number
11748080 (England and Wales)
Registered Office
25 Ryecroft Avenue
Ilford
Essex
IG5 0UQ
United Kingdom
PJ Faizan Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
245,745
264,799
Tangible assets
32,643
46,614
Cash at bank and in hand
431
502
Creditors: amounts falling due within one year
(270,480)
(120,817)
Net current liabilities
(229,769)
(84,644)
Total assets less current liabilities
48,619
226,769
Creditors: amounts falling due after more than one year
(360,522)
(351,543)
Net liabilities
(311,903)
(124,774)
Called up share capital
100
100
Profit and loss account
(312,003)
(124,874)
Shareholders' funds
(311,903)
(124,774)
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 June 2026 and were signed on its behalf by
Mr Faizan Awais
Director
Company Registration No. 11748080
PJ Faizan Ltd
Notes to the Accounts
for the year ended 31 March 2025
PJ Faizan Ltd is a private company, limited by shares, registered in England and Wales, registration number 11748080. The registered office is 25 Ryecroft Avenue, Ilford, Essex, IG5 0UQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The goodwill is fully amortized during the year.
Intangible fixed assets also includes Leasehold amortized over the useful life of sixteen years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
PJ Faizan Ltd
Notes to the Accounts
for the year ended 31 March 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The director has considered a positive period ahead and believes that with the support of shareholders and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the director believes that the company is well placed to manage its business risks successfully. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual reports and accounts.
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Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
1
297,499
297,500
At 31 March 2025
1
297,499
297,500
At 1 April 2024
1
32,700
32,701
Charge for the year
-
19,054
19,054
At 31 March 2025
1
51,754
51,755
At 31 March 2025
-
245,745
245,745
At 31 March 2024
-
264,799
264,799
PJ Faizan Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
58,280
11,575
69,855
At 31 March 2025
58,280
11,575
69,855
At 1 April 2024
19,383
3,858
23,241
Charge for the year
11,656
2,315
13,971
At 31 March 2025
31,039
6,173
37,212
At 31 March 2025
27,241
5,402
32,643
At 31 March 2024
38,897
7,717
46,614
Amounts falling due within one year
Accrued income and prepayments
1,376
1,747
Other debtors
27,750
24,601
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,110
18,704
Trade creditors
24,375
27,006
Taxes and social security
28,313
12,172
Other creditors
41,169
16,367
Loans from directors
97,000
7,317
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
360,522
351,543
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
PJ Faizan Ltd
Notes to the Accounts
for the year ended 31 March 2025
10
Transactions with related parties
Included in other creditors is an amount of £97,000 (2024: £7,317) owed to the director.
11
Average number of employees
During the year the average number of employees was 16 (2024: 19).