REGISTERED NUMBER: 03911898 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

POWER JOINTING AND DISTRIBUTION

SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

460,047

593,907

Investments

5

100,845

100,845

560,892

694,752

CURRENT ASSETS

Stocks

8,000

24,072

Debtors

301,145

462,976

Cash at bank

168,265

90,022

477,410

577,070

CREDITORS

Amounts falling due within one year

583,239

656,947

NET CURRENT LIABILITIES

(105,829

)

(79,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

455,063

614,875

CREDITORS

Amounts falling due after more than one year

(206,759

)

(332,862

)

PROVISIONS FOR LIABILITIES

(108,127

)

(141,265

)

NET ASSETS

140,177

140,748

CAPITAL AND RESERVES

Called up share capital

168

168

Capital redemption reserve

70

70

Retained earnings

139,939

140,510

SHAREHOLDERS' FUNDS

140,177

140,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 2026 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 1 October 2026 and were signed on its behalf by:

S C Beveridge - Director

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 2026 the company had net current liabilities of £105,829 (2025 - £79,877), and net assets of £140,177 (2025 - £140,748). 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.

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 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

1,015,843

Additions

34,783

Disposals

(36,253

)

At 31 March 2026

1,014,373

DEPRECIATION

At 1 April 2025

421,936

Charge for year

153,349

Eliminated on disposal

(20,959

)

At 31 March 2026

554,326

NET BOOK VALUE

At 31 March 2026

460,047

At 31 March 2025

593,907

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

Totals

£

COST

At 1 April 2025

838,512

Additions

34,783

Disposals

(36,253

)

Transfer to ownership

(44,811

)

At 31 March 2026

792,231

DEPRECIATION

At 1 April 2025

280,965

Charge for year

140,714

Eliminated on disposal

(20,959

)

Transfer to ownership

(30,632

)

At 31 March 2026

370,088

NET BOOK VALUE

At 31 March 2026

422,143

At 31 March 2025

557,547

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

Gold - b/fwd

100,845

-

Gold - additions

-

100,845

100,845

100,845

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

135,126

135,789

Between one and five years

206,759

326,744

341,885

462,533

Non-cancellable

operating leases

2026

2025

£

£

Within one year

28,416

29,248

Between one and five years

28,000

56,416

56,416

85,664

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loan

6,163

76,682

Hire purchase contracts

341,885

462,533

348,048

539,215

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 £165,885 (2025 - £171,725). At the year end there was a balance outstanding of £Nil (2025 - £16,006).

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.