PJF ENTERPRISES LIMITED
PJF ENTERPRISES LIMITED
Registered number: 07245552
ABRIDGED Financial Statements
For The Year Ended
31 May 2020
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
PJF ENTERPRISES LIMITED
Financial Statements
For The Year Ended
31 May 2020
Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—5 |
PJF ENTERPRISES LIMITED
Abridged Balance Sheet
As at
31 May 2020
Abridged Balance Sheet
Registered number:
07245552
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 8 |
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| Investments | 9 |
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| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 35,074 | 36,528 | |||
Page 1
PJF ENTERPRISES LIMITED
Abridged Balance Sheet (continued)
As at
31 May 2020
Director's responsibilities
-
The member has 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
-
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2020 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 19 February 2021 and were signed on its behalf by:
|
Director
|
The notes on pages 3 to 5 form part of these financial statements.
Page 2
PJF ENTERPRISES LIMITED
Notes to the Abridged Financial Statements
For The Year Ended
31 May 2020
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
The Company withdrew from the Value Added Tax (VAT) Flat Rate Scheme and adopted the standard scheme from 1 April 2017. Thereafter, turnover represents total invoiced sales of goods and services excluding VAT.
Under the Flat Rate Scheme turnover represented total invoiced sales of goods and services including VAT but net of the amounts of VAT paid to HM Revenue & Customs in accordance with the regulations of the Flat Rate Scheme.
The Company deregistered for VAT on 30 April 2019.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life.
| Office Fixtures & Fittings |
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| Computer Equipment |
|
No depreciation is charged in the year of acquisition.
1.4.
Stocks and Work in Progress
Work in Progress is valued at the prime cost of labour and materials plus other direct expenses.
1.5.
Investments & Investment Income
Investments are stated at mid-market value at the balance sheet date.
Unrealised investment gains and losses are calculated as the difference between the valuation at the balance sheet date and their valuation at the last balance sheet date or purchase price, if acquired during the year.
Investment income comprises investment income, realised and unrealised investment gains and losses less investment expenses.
Realised investment gains and losses are calculated as the difference between net proceeds on disposal and their purchase price.
1.6.
Accounting Reference Date
The accounting reference date is 30 May.
These accounts are nevertheless for the year ended 31 May 2020.
1.7.
Comparative Figures
The comparative figures used throughout these accounts are as at 31 May 2019 or are for the year ended on that date.
1.8.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
5.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2019: 1)
Page 3
PJF ENTERPRISES LIMITED
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 May 2020
8.
Tangible Assets
| Total | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| As at
|
|
| Depreciation | |
| As at
|
|
| Provided during the period |
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
9.
Investments
| Total | |
|---|---|
| £ | |
| Cost | |
| As at
|
21,171 |
| Disposals | (1,816) |
| Revaluations | 1,645 |
| As at
|
21,000 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
21,000 |
| As at
|
21,171 |
12.
Directors Advances, Credits and Guarantees
Dividends paid to the Director
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Mr Philip Facey | 600 | 21,400 |
Page 4
PJF ENTERPRISES LIMITED
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 May 2020
13.
Dividends
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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|
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| 600 | 21,400 | ||
14.
Ultimate Controlling Party
The Company was controlled throughout the year by Mr Philip Facey who holds 1 Ordinary Voting Share, there being 1 Ordinary Voting Share in issue.
15.
General Information
PJF ENTERPRISES LIMITED
is a private company, limited by shares, incorporated in England & Wales.
The registered number is
07245552
.
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
Dividends paid the the Director, Mr Philip Facey, are reported in note 12
There are no other related party transactions to report.
There are no contingent liabilities or post balance sheet events to report.
Page 5