PJM Scaffolding Contractors Ltd - Accounts to registrar (filleted) - small 22.3
PJM Scaffolding Contractors Ltd - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2022 |
for |
PJM SCAFFOLDING CONTRACTORS LTD |
PJM SCAFFOLDING CONTRACTORS LTD (REGISTERED NUMBER: 07235806) |
Contents of the Financial Statements |
for the year ended 31 MARCH 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PJM SCAFFOLDING CONTRACTORS LTD |
Company Information |
for the year ended 31 MARCH 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thistledown Barn |
204 Holcot Road |
Sywell |
Northampton |
Northamptonshire |
NN6 0BG |
PJM SCAFFOLDING CONTRACTORS LTD (REGISTERED NUMBER: 07235806) |
Abridged Balance Sheet |
31 MARCH 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
PJM SCAFFOLDING CONTRACTORS LTD (REGISTERED NUMBER: 07235806) |
Abridged Balance Sheet - continued |
31 MARCH 2022 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
PJM SCAFFOLDING CONTRACTORS LTD (REGISTERED NUMBER: 07235806) |
Notes to the Financial Statements |
for the year ended 31 MARCH 2022 |
1. | STATUTORY INFORMATION |
PJM Scaffolding Contractors Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
PJM SCAFFOLDING CONTRACTORS LTD (REGISTERED NUMBER: 07235806) |
Notes to the Financial Statements - continued |
for the year ended 31 MARCH 2022 |
3. | EMPLOYEES |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2021 |
Additions |
At 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
Additions | 43,200 |
Reclassification/transfer | 76,500 |
At 31 March 2022 | 119,700 |
DEPRECIATION |
Charge for year | 20,913 |
Reclassification/transfer | 7,969 |
At 31 March 2022 | 28,882 |
NET BOOK VALUE |
At 31 March 2022 | 90,818 |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2022 | 2021 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 157,038 | 159,875 |
PJM SCAFFOLDING CONTRACTORS LTD (REGISTERED NUMBER: 07235806) |
Notes to the Financial Statements - continued |
for the year ended 31 MARCH 2022 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 10 | 10 |
7. | GOVERNMENT GRANTS AND ASSISTANCE |
Other Operating Income includes Government Grants and Assistance. |
During the year, the Company has received government support designed to mitigate the impact of COVID-19. |
In the UK, the Government has provided funding towards the salary costs of employees who have been 'furloughed' through the Coronavirus Job Retention Scheme. This funding meets the definition of a government grant under FRS 102 Section 24 Government Grants and a total of £1,324 (2021: £19,354) has been recorded within other income. |
In financial year 2021, the Company applied for a Bounce Back Loan (BBL). The BBL being received in October 2020 for £50,000. The scheme provides loans with government backed guarantee as well as business interruption payments to cover the first 12 months of interest payments and any lender-levied fees. |
In the financial year 2022, the BBL was refinanced with the Recovery Loan Scheme (RLS) for £200,000. The RLS scheme provide loans with a government backed guarantee. |