PJ And DA Norman Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05900952 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

PJ And DA Norman Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Norman

SECRETARY:

Mrs A Norman

REGISTERED OFFICE:

Lilac Cottage

Malton Road

Pickering

North Yorkshire

YO18 8EA

REGISTERED NUMBER:

05900952 (England and Wales)

ACCOUNTANTS:

Philip Burley & Co

Chartered Accountants

28 Bagdale

Whitby

North Yorkshire

YO21 1QL

FIXED ASSETS

Intangible assets

4

10,000

10,000

Tangible assets

5

363,196

324,474

Investments

6

583

552

373,779

335,026

CURRENT ASSETS

Stocks

45,000

158,000

Debtors

7

438,397

152,088

Cash at bank and in hand

558

27,080

483,955

337,168

CREDITORS

Amounts falling due within one year

8

240,774

118,174

NET CURRENT ASSETS

243,181

218,994

TOTAL ASSETS LESS CURRENT LIABILITIES

616,960

554,020

CREDITORS

Amounts falling due after more than one year

9

(46,274

)

(42,841

)

PROVISIONS FOR LIABILITIES

(69,007

)

(61,650

)

NET ASSETS

501,679

449,529

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

501,677

449,527

SHAREHOLDERS' FUNDS

501,679

449,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 April 2021 and were signed by:

Mr P J Norman - Director

1.	STATUTORY INFORMATION

PJ And DA Norman 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 4 (2019 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2019

and 31 August 2020

10,000

NET BOOK VALUE

At 31 August 2020

10,000

At 31 August 2019

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2019

469,849

75,690

545,539

Additions

107,586

4,495

112,081

Disposals

(41,500

)

-

(41,500

)

At 31 August 2020

535,935

80,185

616,120

DEPRECIATION

At 1 September 2019

192,854

28,211

221,065

Charge for year

35,735

10,395

46,130

Eliminated on disposal

(14,271

)

-

(14,271

)

At 31 August 2020

214,318

38,606

252,924

NET BOOK VALUE

At 31 August 2020

321,617

41,579

363,196

At 31 August 2019

276,995

47,479

324,474

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2019

552

Additions

31

At 31 August 2020

583

NET BOOK VALUE

At 31 August 2020

583

At 31 August 2019

552

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

422,773

137,230

Other debtors

15,624

14,858

438,397

152,088

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Bank loans and overdrafts

39,596

-

Hire purchase contracts

21,453

13,859

Trade creditors

119,451

54,752

Taxation and social security

57,011

37,652

Other creditors

3,263

11,911

240,774

118,174

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.20

31.8.19

£

£

Hire purchase contracts

46,274

42,841