P J M Construction Limited - Accounts to registrar (filleted) - small 18.2
P J M Construction Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2019 |
| for |
| P J M Construction Limited |
| P J M Construction Limited (Registered number: 04185784) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| P J M Construction Limited |
| Company Information |
| for the Year Ended 31 March 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 238 Station Road |
| Addlestone |
| Surrey |
| KT15 2PS |
| P J M Construction Limited (Registered number: 04185784) |
| Balance Sheet |
| 31 March 2019 |
| 31.3.19 | 31.3.18 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| P J M Construction Limited (Registered number: 04185784) |
| Balance Sheet - continued |
| 31 March 2019 |
| 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 on |
| P J M Construction Limited (Registered number: 04185784) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| P J M Construction Limited is a |
| The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue |
| Revenue is measured at fair value and represents revenues receivable under contracts net of value |
| added tax. Where contractual obligations have been partially performed at the balance sheet date, |
| revenue is recognised to the extent that the company has obtained the right to consideration through |
| its performance. |
| Tangible fixed assets |
| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over |
| their estimated useful lives as follows: |
| Plant and machinery - 25% on reducing basis |
| Computer equipment - 25% on reducing basis |
| On disposal, the difference between the net disposal proceeds and the carrying amount of the item |
| sold is recognised in the income statement. |
| 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. |
| P J M Construction Limited (Registered number: 04185784) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Leases are classified as finance leases when they transfer substantially all the risks and rewards of |
| ownership of the leased assets to the company. Other leases that do not transfer substantially all the |
| risks and rewards of ownership of the leased assets to the company are classified as operating leases. |
| The company has entered into some hire purchase agreements for certain machinery assets. These |
| assets have been capitalised and depreciated in the same manner as other tangible fixed assets. The |
| related obligations, net of future finance charges, are included in creditors. |
| Rights to use assets and corresponding obligations to lessors under finance leases are recognised in the |
| statement of financial position as assets and liabilities at the lower of fair value of the assets and the |
| present value of the minimum lease payments, determined at the inception of the lease. |
| Lease payments are apportioned between finance charges and reduction of outstanding lease |
| liabilities using the effective interest method, so as to produce a constant rate of interest on the |
| remaining balance of the liabilities. Finance charges are recognised in the profit or loss. Assets held |
| under finance leases are included in property, plant and equipment and are depreciated and |
| reviewed for impairment the same way as assets owned outright. |
| 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 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2018 |
| and 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| P J M Construction Limited (Registered number: 04185784) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| Directors' current accounts |
| Tax |
| VAT |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.19 | 31.3.18 |
| £ | £ |
| Hire purchase contracts |
| 8. | RELATED PARTY DISCLOSURES |
| At the year end, Mr P J Miles owed the company £6,168 (2018 £11,855) in respect of his directors' loan |
| account. |
| The loan is interest free and repayable on demand. |
| At the year end, Mrs S Miles, a shareholder of the company, owed the company £6,122 (2018 £11,809). |
| The loan is interest free and repayable on demand. |