PJD Leisure Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09150361 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

PJD LEISURE MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Gibbens

REGISTERED OFFICE:

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

REGISTERED NUMBER:

09150361 (England and Wales)

ACCOUNTANTS:

Stone Osmond Limited

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,663

2,181

1,663

2,181

CURRENT ASSETS

Debtors

6

14,105

1,988

Cash at bank

18,324

4,120

32,429

6,108

CREDITORS

Amounts falling due within one year

7

35,703

7,700

NET CURRENT LIABILITIES

(3,274

)

(1,592

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,611

)

589

PROVISIONS FOR LIABILITIES

764

764

NET LIABILITIES

(2,375

)

(175

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,377

)

(177

)

SHAREHOLDERS' FUNDS

(2,375

)

(175

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 and authorised for issue by the director and authorised for issue on 27 May 2021 and were signed by:

J D Gibbens - Director

1.	STATUTORY INFORMATION

Pjd Leisure Management Ltd 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 2016, is being amortised evenly over its estimated useful life of one 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 NIL (2019 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2019

and 31 July 2020

5,000

AMORTISATION

At 1 August 2019

and 31 July 2020

5,000

NET BOOK VALUE

At 31 July 2020

-

At 31 July 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2019

and 31 July 2020

5,973

2,200

554

8,727

DEPRECIATION

At 1 August 2019

4,314

1,678

554

6,546

Charge for year

414

104

-

518

At 31 July 2020

4,728

1,782

554

7,064

NET BOOK VALUE

At 31 July 2020

1,245

418

-

1,663

At 31 July 2019

1,659

522

-

2,181

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

14,105

1,988

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

30,000

-

Trade creditors

-

(1

)

Taxation and social security

4,329

6,363

Other creditors

1,374

1,338

35,703

7,700

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

2020

2019

£

£

J D Gibbens

Balance outstanding at start of year

1,988

-

Amounts advanced

21,627

1,988

Amounts repaid

(9,904

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,711

1,988

The loan is interest free and repayable upon demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs J D Gibbens.