Company Registration No. 06295035 (England and Wales)
P J Mahoney Limited
Unaudited accounts
for the year ended 30 June 2019
P J Mahoney Limited
Unaudited accounts
Contents
P J Mahoney Limited
Company Information
for the year ended 30 June 2019
Company Number
06295035 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling & Co
123 Cross Lane East
Gravesend
Kent
DA12 5HA
P J Mahoney Limited
Statement of financial position
as at 30 June 2019
Tangible assets
12,729
4,508
Cash at bank and in hand
8,072
5,522
Creditors: amounts falling due within one year
(10,461)
(7,495)
Net current liabilities
(2,389)
(1,973)
Total assets less current liabilities
10,340
2,535
Creditors: amounts falling due after more than one year
(9,407)
-
Called up share capital
2
2
Profit and loss account
931
2,533
Shareholders' funds
933
2,535
For the year ending 30 June 2019 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.
Approved by the Board on 31 January 2020.
PJ Mahoney
Director
Company Registration No. 06295035
P J Mahoney Limited
Notes to the Accounts
for the year ended 30 June 2019
P J Mahoney Limited is a private company, limited by shares, registered in England and Wales, registration number 06295035. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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.
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.
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:
Motor vehicles
20% reducing balance basis
Computer equipment
20% straight line basis
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.
P J Mahoney Limited
Notes to the Accounts
for the year ended 30 June 2019
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2018
8,230
440
8,670
Disposals
(8,230)
-
(8,230)
At 30 June 2019
13,578
440
14,018
At 1 July 2018
3,759
403
4,162
Charge for the year
849
37
886
On disposals
(3,759)
-
(3,759)
At 30 June 2019
849
440
1,289
At 30 June 2019
12,729
-
12,729
At 30 June 2018
4,471
37
4,508
5
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
1,883
1,448
Taxes and social security
7,139
4,300
Loans from directors
341
649
6
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
9,407
-
7
Average number of employees
During the year the average number of employees was 1 (2018: 1).