PJ Investment Consultants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08982072 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MAY 2017 TO 31 OCTOBER 2018

FOR

PJ INVESTMENT CONSULTANTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J C Boys

Ms J S Kerr

Mrs L Turner

S T W Boys

REGISTERED OFFICE:

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

REGISTERED NUMBER:

08982072 (England and Wales)

FIXED ASSETS

Tangible assets

3

426

608

CURRENT ASSETS

Debtors

4

-

179,886

Investments

5

55,689

285,023

Cash at bank

79,608

150,580

135,297

615,489

CREDITORS

Amounts falling due within one year

6

1,398,806

635,943

NET CURRENT LIABILITIES

(1,263,509

)

(20,454

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,263,083

)

(19,846

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(1,263,085

)

(19,848

)

SHAREHOLDERS' FUNDS

(1,263,083

)

(19,846

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 July 2019 and were signed on its behalf by:

P J C Boys - Director

1.	STATUTORY INFORMATION

PJ Investment Consultants Ltd 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.

Computer equipment

-

25% on cost

Taxation

Taxation for the period 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 period 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.

Current asset investments

Current asset investments are held at the cost or market value if available.

Going concern

At the balance sheet date the company had net current liabilities and a deficit on shareholder's funds.

A recovery plan is in place to resolve the current situation which the directors have full confidence in.

All liabilities are shown as falling due for payment within one year, there are no fixed monthly

repayments of capital and none of the lenders have given notice requesting repayment of the funds

due. Individual contracts with creditors allow, in the event of a withdrawal notice, for the company to

delay payment of capital if it is in the interest of the business as a whole.

The directors continue to adopt the going concern basis in preparing the financial statements. This

assumes the companies creditors will continue to support the company and not request repayment of

the funds due to them within the next twelve months. If the going concern basis were not appropriate

all fixed assets would need to be shown as current assets and restated to their realisable value and

any other costs associated with winding up the business would need to be provided for.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2017

and 31 October 2018

730

DEPRECIATION

At 1 May 2017

122

Charge for period

182

At 31 October 2018

304

NET BOOK VALUE

At 31 October 2018

426

At 30 April 2017

608

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

30.4.17

£

£

Directors' current accounts

-

179,886

5.	CURRENT ASSET INVESTMENTS

31.10.18

30.4.17

£

£

Other

55,689

285,023

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

30.4.17

£

£

Bank loans and overdrafts

5,778

5,795

Other loans

1,389,227

478,189

Other creditors

160

159

Directors' current accounts

1,841

150,000

Accrued expenses

1,800

1,800

1,398,806

635,943

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.18

30.4.17

value:

£

£

2

Ordinary

1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 October 2018

and the year ended 30 April 2017:

31.10.18

30.4.17

£

£

P J C Boys

Balance outstanding at start of period

179,886

(25,216

)

Amounts advanced

196,488

246,277

Amounts repaid

(378,215

)

(41,175

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(1,841

)

179,886

Interest has been charged on overdrawn directors loan accounts at HMRC official rates.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P Boys and Ms J Kerr jointly.