PJA Contracting Limited Filleted accounts for Companies House (small and micro)

PJA CONTRACTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08752175

PJA CONTRACTING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 May 2022

PJA CONTRACTING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st MAY 2022

CONTENTS	PAGE

Officers and professional advisers	1

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

PJA CONTRACTING LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

DIRECTOR	P J Albone

COMPANY SECRETARY	P J Albone

REGISTERED OFFICE	475 Salisbury House
	London Wall
	London
	EC2M 5QQ

ACCOUNTANTS	Colne Valley Business Services LLP t/a Cloke & Co
	Chartered Certified Accountants
	475 Salisbury House
	London Wall
	London
	EC2M 5QQ

PJA CONTRACTING LIMITED

CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PJA CONTRACTING LIMITED

YEAR ENDED 31st MAY 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PJA Contracting Limited for the year ended 31st May 2022, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of PJA Contracting Limited in accordance with the terms of our engagement letter dated 1st August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of PJA Contracting Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PJA Contracting Limited and its director for our work or for this report.

It is your duty to ensure that PJA Contracting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PJA Contracting Limited. You consider that PJA Contracting Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of PJA Contracting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Colne Valley Business Services LLP t/a Cloke & Co Chartered Certified Accountants

475 Salisbury House London Wall London EC2M 5QQ

12 October 2022

PJA CONTRACTING LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2022

	2022		2021
Note	£	£	£

CURRENT ASSETS

Stocks		13,696	18,482
Debtors	4	115,884	32,459
Cash at bank and in hand		132,089	188,342
		---------	---------
		261,669	239,283

CREDITORS: amounts falling due within one year	5	103,523		77,989
		---------		---------
NET CURRENT ASSETS			158,146	161,294
			---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES			158,146	161,294

CREDITORS: amounts falling due after more than one year	6	–	14,768
		---------	---------
NET ASSETS		158,146	146,526
		---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	158,046	146,426
	---------	---------
SHAREHOLDERS FUNDS	158,146	146,526
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PJA CONTRACTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2022

These financial statements were approved by the board of directors and authorised for issue on 6 September 2022 , and are signed on behalf of the board by:

P J Albone
Director

Company registration number: 08752175

PJA CONTRACTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MAY 2022

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 475 Salisbury House, London Wall, London, EC2M 5QQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

REVENUE RECOGNITION

Turnover is recognised when each stage of a contract is completed, less any amounts withheld for retentions by the contractor.

INCOME TAX

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

FINANCIAL INSTRUMENTS

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. DEBTORS

	2022	2021
	£	£
Trade debtors	83,767	32,459
Amounts owed by group undertakings and undertakings in which the company has a participating interest	32,117	–
	---------	--------
	115,884	32,459
	---------	--------

5. CREDITORS: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	96,297	68,076
Corporation tax	2,726	5,845
Other creditors	4,500	4,068
	---------	--------
	103,523	77,989
	---------	--------

6. CREDITORS: amounts falling due after more than one year

	2022	2021
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	14,768
	----	--------

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2022
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
P J Albone	( 68)	–	68	–
	----	----	----	----

	2021
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
P J Albone	( 68)	3,000	( 3,000)	( 68)
	----	-------	-------	----

8. RELATED PARTY TRANSACTIONS

The company was under the control of P J Albone throughout the current and previous year. P J Albone is the managing director and majority shareholder. The director of PJA Contracting Limited is also a director of PJA Carpentry Limited. During the year PJA Carpentry Limited provided during the normal course of business carpentry and office services amounting to £1,154,968 (2021 - £701,256) and rent of offices amounting to £6,000 (2021 - £6,000). At the end of the year end, PJA Contracting Limited was owed by PJA Carpentry Limited £32,117; in the previous year PJA Contracting Limited owed PJA Carpentry Limited £14,768. No other transactions with related parties were undertaken such as required to be disclosed under FRS 102 Section 1A.