PJ Investment Consultants Ltd - Accounts to registrar (filleted) - small 18.2
PJ Investment Consultants Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
FOR |
PJ INVESTMENT CONSULTANTS LTD |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PJ INVESTMENT CONSULTANTS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
BALANCE SHEET |
31 OCTOBER 2019 |
31.10.19 | 31.10.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Investments | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
1. | STATUTORY INFORMATION |
PJ Investment Consultants Ltd is a |
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 |
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 |
Computer equipment | - |
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. |
Current asset investments |
Current asset investments are held at the cost or market value if available. |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
2. | ACCOUNTING POLICIES - continued |
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. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 November 2018 |
and 31 October 2019 |
DEPRECIATION |
At 1 November 2018 |
Charge for year |
At 31 October 2019 |
NET BOOK VALUE |
At 31 October 2019 |
At 31 October 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.19 | 31.10.18 |
£ | £ |
Trade debtors |
Other loans | 135,689 | - |
6. | CURRENT ASSET INVESTMENTS |
31.10.19 | 31.10.18 |
£ | £ |
Other |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2019 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.19 | 31.10.18 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Other creditors |
Directors' current accounts | 1,515 | 1,841 |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.19 | 31.10.18 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the year ended 31 October 2019 |
and the period ended 31 October 2018: |
31.10.19 | 31.10.18 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
Interest has been charged on overdrawn directors loan accounts at HMRC official rates. |
10. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr P Boys and Ms J Kerr jointly. |