PJJS Management Services Limited - Accounts to registrar (filleted) - small 23.1

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

PJJS MANAGEMENT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J J Smith

I M C Smith

M J R Morris

R A Daking

SECRETARY:

R A Daking

REGISTERED OFFICE:

Nirvana

Broomfield Road

Kingswood

Maidstone

Kent

ME17 3NZ

REGISTERED NUMBER:

01451004 (England and Wales)

ACCOUNTANTS:

Radmor Accountancy Services Limited

Nethergers

Church Lane

Robertsbridge

East Sussex

TN32 5PH

FIXED ASSETS

Tangible assets

4

41,717

50,645

CURRENT ASSETS

Debtors

5

4,141

9,026

Cash at bank

161,034

172,327

165,175

181,353

CREDITORS

Amounts falling due within one year

6

42,381

42,283

NET CURRENT ASSETS

122,794

139,070

TOTAL ASSETS LESS CURRENT LIABILITIES

164,511

189,715

CREDITORS

Amounts falling due after more than one year

7

59,499

75,484

NET ASSETS

105,012

114,231

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

104,912

114,131

SHAREHOLDERS' FUNDS

11

105,012

114,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2023 and were signed on its behalf by:

P J J Smith - Director

1.	STATUTORY INFORMATION

PJJS Management Services 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 comprises the invoiced value of services supplied by the company, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

20% on cost

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2021

9,339

54,590

14,195

78,124

Additions

-

-

1,244

1,244

At 31 August 2022

9,339

54,590

15,439

79,368

DEPRECIATION

At 1 September 2021

6,053

8,174

13,252

27,479

Charge for year

1,097

8,174

901

10,172

At 31 August 2022

7,150

16,348

14,153

37,651

NET BOOK VALUE

At 31 August 2022

2,189

38,242

1,286

41,717

At 31 August 2021

3,286

46,416

943

50,645

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

1,975

Other debtors

4,141

7,051

4,141

9,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

7,535

Hire purchase contracts

5,985

5,985

Trade creditors

3,776

10,194

Taxation and social security

10,497

9,553

Other creditors

12,123

9,016

42,381

42,283

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

32,465

42,465

Hire purchase contracts

27,034

33,019

59,499

75,484

8.	RELATED PARTY DISCLOSURES

At the year end there was a balance owed by the company to Mr P J J Smith of £9,273 (2021 - £5,263).

The company provided management services during the year to Venture Property Services Limited, which is under the control of Mr Smith. At the year end there was a balance of £1,043 (2021 - £1,043) owed by Venture Property Services Limited.

9.	POST BALANCE SHEET EVENTS

There have been no significant post Balance Sheet events to report.

10.	ULTIMATE CONTROLLING PARTY

Mr P J J Smith as the sole shareholder considers himself to be the Ultimate Controlling Party.

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2022

2021

£

£

(Loss)/profit for the financial year

(9,219

)

26,710

Net (reduction)/addition to shareholders' funds

(9,219

)

26,710

Opening shareholders' funds

114,231

87,521

Closing shareholders' funds

105,012

114,231