Company Registration No. 06295035 (England and Wales)
P J Mahoney Limited
Unaudited accounts
for the year ended 30 June 2022
P J Mahoney Limited
Unaudited accounts
Contents
P J Mahoney Limited
Company Information
for the year ended 30 June 2022
Company Number
06295035 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
P J Mahoney Limited
Statement of financial position
as at 30 June 2022
Cash at bank and in hand
279
4,558
Creditors: amounts falling due within one year
(8,987)
(8,872)
Net current assets
15,635
31,275
Total assets less current liabilities
15,635
31,275
Creditors: amounts falling due after more than one year
(23,819)
(38,000)
Net liabilities
(8,184)
(6,725)
Called up share capital
2
2
Profit and loss account
(8,186)
(6,727)
Shareholders' funds
(8,184)
(6,725)
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 March 2023 and were signed on its behalf by
PJ Mahoney
Director
Company Registration No. 06295035
P J Mahoney Limited
Notes to the Accounts
for the year ended 30 June 2022
P J Mahoney Limited is a private company, limited by shares, registered in England and Wales, registration number 06295035. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Amounts falling due within one year
Other debtors
24,343
28,089
P J Mahoney Limited
Notes to the Accounts
for the year ended 30 June 2022
5
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,260
-
Obligations under finance leases and hire purchase contracts
-
7,282
Taxes and social security
336
662
6
Creditors: amounts falling due after more than one year
2022
2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director
25,285
1,491
5,700
21,076
25,285
1,491
5,700
21,076
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
