PJM Valeting Limited - Limited company - abbreviated - 11.6

PJM Valeting Limited - Limited company - abbreviated - 11.6

PJM CARS LIMITED - Company Information

Print Friendly Version

05398023 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false true false true false Ordinary 1.00000 356099 356226 172109 165623 172250 165750 355958 356099 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053980232013-12-31053980232014-12-31053980232014-01-012014-12-31053980232012-12-31053980232013-01-012013-12-31053980232013-12-3105398023ns12:England2014-01-012014-12-3105398023ns14:PoundSterling2014-01-012014-12-3105398023ns7:Director12014-01-012014-12-3105398023ns7:OrdinaryShareClass12014-01-012014-12-3105398023ns7:Director32013-12-3105398023ns7:Director32012-12-3105398023ns7:Director32014-01-012014-12-3105398023ns7:Director32013-01-012013-12-3105398023ns7:Director32014-12-3105398023ns7:Director32013-12-3105398023ns7:Director22014-01-012014-12-3105398023ns7:CompanySecretary2014-01-012014-12-3105398023ns7:RegisteredOffice2014-01-012014-12-3105398023ns7:EntityAccountantsOrAuditors2014-01-012014-12-3105398023ns5:PlantMachinery2014-01-012014-12-3105398023ns5:FixturesFittings2014-01-012014-12-3105398023ns5:MotorVehicles2014-01-012014-12-3105398023ns5:ComputerEquipment2014-01-012014-12-3105398023ns7:OrdinaryShareClass12014-12-3105398023ns7:OrdinaryShareClass12013-12-3105398023ns7:Director12013-12-3105398023ns7:Director12012-12-3105398023ns7:Director12013-01-012013-12-3105398023ns7:Director12014-12-3105398023ns7:Director12013-12-3105398023ns7:Director22013-12-3105398023ns7:Director22012-12-3105398023ns7:Director22013-01-012013-12-3105398023ns7:Director22014-12-3105398023ns7:Director22013-12-31
REGISTERED NUMBER: 05398023 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

PJM Valeting Limited

PJM Valeting Limited (Registered number: 05398023)

Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PJM Valeting Limited

Company Information
for the Year Ended 31 December 2014







DIRECTORS: T Burns
P Moore
Mrs S Moore





SECRETARY: T Burns





REGISTERED OFFICE: Automotive House
Rowley Road
Coventry
West Midlands
CV3 4PY





REGISTERED NUMBER: 05398023 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Post Office House
100 Long Street
Atherstone
Warwickshire
CV9 1AP
Page 1
PJM Valeting Limited (Registered number: 05398023)

Abbreviated Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Tangible assets 3 21,473 32,602
21,474 32,603

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 2,406,598 2,303,946
Cash at bank 423,023 272,907
2,844,621 2,591,853
CREDITORS
Amounts falling due within one year 536,895 543,119
NET CURRENT ASSETS 2,307,726 2,048,734
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,329,200
2,081,337

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 2,329,100 2,081,237
SHAREHOLDERS' FUNDS 2,329,200 2,081,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
PJM Valeting Limited (Registered number: 05398023)

Abbreviated Balance Sheet - continued
31 December 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 26 March 2015 and were signed on its behalf by:





P Moore - Director


The notes form part of these abbreviated accounts

Page 3
PJM Valeting Limited (Registered number: 05398023)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

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 cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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 the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 1,200,000
AMORTISATION
At 1 January 2014
and 31 December 2014 1,199,999
NET BOOK VALUE

At 31 December 2014 1
At 31 December 2013 1

Page 4 continued...
PJM Valeting Limited (Registered number: 05398023)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 89,871
DEPRECIATION
At 1 January 2014 57,269
Charge for year 11,129
At 31 December 2014 68,398
NET BOOK VALUE
At 31 December 2014 21,473
At 31 December 2013 32,602

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE PARENT COMPANY

PJM Group (UK) Limited is regarded by the directors as being the company's ultimate parent company.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2014 and
31 December 2013:

31.12.14 31.12.13
£    £   
P Moore and Mrs S Moore
Balance outstanding at start of year 356,099 356,226
Amounts advanced 172,109 165,623
Amounts repaid (172,250 ) (165,750 )
Balance outstanding at end of year 355,958 356,099

T Burns
Balance outstanding at start of year 83,116 88,208
Amounts advanced 109,506 84,158
Amounts repaid (92,750 ) (89,250 )
Balance outstanding at end of year 99,872 83,116

Page 5