PJ Kingston Hill Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10435854 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

PJ Kingston Hill Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Liddiard

SECRETARY:

REGISTERED OFFICE:

4 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

REGISTERED NUMBER:

10435854 (England and Wales)

ACCOUNTANTS:

Amity Accountants

04 Whitchurch Parade

Whitchurch Lane

Edgware

Middlesex

HA8 6LR

FIXED ASSETS

Tangible assets

4

76,898

92,278

CURRENT ASSETS

Stocks

1,327

1,876

Debtors

133,303

138,692

Cash at bank

5,619

49,963

140,249

190,531

CREDITORS

Amounts falling due within one year

148,391

254,725

NET CURRENT LIABILITIES

(8,142

)

(64,194

)

TOTAL ASSETS LESS CURRENT LIABILITIES

68,756

28,084

CREDITORS

Amounts falling due after more than one year

45,833

53,165

NET ASSETS/(LIABILITIES)

22,923

(25,081

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,823

(25,181

)

SHAREHOLDERS' FUNDS

22,923

(25,081

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 May 2022 and were signed by:

M Liddiard - Director

1.	STATUTORY INFORMATION

PJ Kingston Hill 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.

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 etc

-

10% on cost

Stocks

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

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 16 (2020 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2020

and 31 October 2021

153,797

DEPRECIATION

At 1 November 2020

61,519

Charge for year

15,380

At 31 October 2021

76,899

NET BOOK VALUE

At 31 October 2021

76,898

At 31 October 2020

92,278

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2021 and 31 October 2020:

31.10.21

31.10.20

£

£

M Liddiard

Balance outstanding at start of year

91,500

65,000

Amounts advanced

2,480

26,500

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

93,980

91,500