P J Smith Limited - Accounts to registrar (filleted) - small 18.2

P J Smith Limited - Accounts to registrar (filleted) - small 18.2

P J SMITH LIMITED - Company Information

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REGISTERED NUMBER: 05299001 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2019 TO 30TH SEPTEMBER 2020

FOR

P J SMITH LIMITED
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2019 TO 30TH SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P J SMITH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST APRIL 2019 TO 30TH SEPTEMBER 2020







DIRECTOR: P J Smith





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 05299001 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD
Page 1
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

BALANCE SHEET
30TH SEPTEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 217 289

CURRENT ASSETS
Stocks - 100
Debtors 5 3,393 3,139
Cash at bank 6,207 27,828
9,600 31,067
CREDITORS
Amounts falling due within one year 6 9,816 9,679
NET CURRENT (LIABILITIES)/ASSETS (216 ) 21,388
TOTAL ASSETS LESS CURRENT
LIABILITIES
1
21,677

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings - 21,676
SHAREHOLDERS' FUNDS 1 21,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th February 2021 and were signed by:




P J Smith - Director


The notes form part of these financial statements

Page 2
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2019 TO 30TH SEPTEMBER 2020


1. STATUTORY INFORMATION

P J Smith 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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 - 25% on reducing balance

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

Taxation
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.

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes for its employees. The assets of the scheme are held independently of the company by a pension provider. The amount charged to the profit and loss account is the contributions payable in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2019 - 1 ) .

Page 3
P J SMITH LIMITED (REGISTERED NUMBER: 05299001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2019 TO 30TH SEPTEMBER 2020


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2019
and 30th September 2020 3,240
DEPRECIATION
At 1st April 2019 2,951
Charge for period 72
At 30th September 2020 3,023
NET BOOK VALUE
At 30th September 2020 217
At 31st March 2019 289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 2,520 2,489
Other debtors 873 650
3,393 3,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 8,966 9,480
Other creditors 850 199
9,816 9,679

Page 4