PJJS Management Services Limited - Accounts to registrar (filleted) - small 18.2

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

PJJS MANAGEMENT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J J Smith

I M C Smith

M J R Morris

R A Daking

SECRETARY:

R A Daking

REGISTERED OFFICE:

The Barn, Lested Farm

Plough Wents Road

Chart Sutton

Maidstone

Kent

ME17 3SA

REGISTERED NUMBER:

01451004 (England and Wales)

ACCOUNTANTS:

Radmor Accountancy Services Limited

Nethergers

Church Lane

Robertsbridge

East Sussex

TN32 5PH

FIXED ASSETS

Tangible assets

4

50,645

6,002

CURRENT ASSETS

Debtors

5

9,026

16,569

Cash at bank and in hand

172,327

109,621

181,353

126,190

CREDITORS

Amounts falling due within one year

6

84,748

44,671

NET CURRENT ASSETS

96,605

81,519

TOTAL ASSETS LESS CURRENT LIABILITIES

147,250

87,521

CREDITORS

Amounts falling due after more than one year

7

33,019

-

NET ASSETS

114,231

87,521

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

114,131

87,421

SHAREHOLDERS' FUNDS

11

114,231

87,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 31 May 2022 and were signed on its behalf by:

P J J Smith - Director

1.	STATUTORY INFORMATION

PJJS Management Services 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 comprises the invoiced value of services supplied by the company, net of value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

20% 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.

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 8 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2020

9,339

-

14,195

23,534

Additions

-

54,590

-

54,590

At 31 August 2021

9,339

54,590

14,195

78,124

DEPRECIATION

At 1 September 2020

5,394

-

12,138

17,532

Charge for year

659

8,174

1,114

9,947

At 31 August 2021

6,053

8,174

13,252

27,479

NET BOOK VALUE

At 31 August 2021

3,286

46,416

943

50,645

At 31 August 2020

3,945

-

2,057

6,002

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

1,975

7,849

Other debtors

7,051

8,720

9,026

16,569

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

50,000

-

Hire purchase contracts

5,985

-

Trade creditors

10,194

-

Taxation and social security

9,553

37,355

Other creditors

9,016

7,316

84,748

44,671

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Hire purchase contracts

33,019

-

8.	RELATED PARTY DISCLOSURES

At the year end there was a balance owed by the company to Mr P J J Smith of £583 (2020 - £583).

The company provided management services during the year to Venture Property Services Limited, which is under the control of Mr Smith. At the year end there was a balance of £1,043 (2020 - £1,043) owed by Venture Property Services Limited.

9.	POST BALANCE SHEET EVENTS

There have been no significant post Balance Sheet events to report.

10.	ULTIMATE CONTROLLING PARTY

Mr P J J Smith as the sole shareholder considers himself to be the Ultimate Controlling Party.

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2021

2020

£

£

Profit for the financial year

26,710

40,453

Net addition to shareholders' funds

26,710

40,453

Opening shareholders' funds

87,521

47,068

Closing shareholders' funds

114,231

87,521