PJH Engineering Solutions Limited - Accounts to registrar (filleted) - small 23.1

PJH Engineering Solutions Limited - Accounts to registrar (filleted) - small 23.1

PJH ENGINEERING SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 03838835 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

PJH ENGINEERING SOLUTIONS LIMITED
PJH ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 03838835)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PJH ENGINEERING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: S Goldthorpe





SECRETARY: Mrs A Goldthorpe





REGISTERED OFFICE: 35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB





REGISTERED NUMBER: 03838835 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB
Page 1
PJH ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 03838835)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 4,422

CURRENT ASSETS
Stocks 6 81,933 16,569
Debtors 7 36,653 357,321
Cash at bank 468,618 491,624
587,204 865,514
CREDITORS
Amounts falling due within one year 8 81,861 194,665
NET CURRENT ASSETS 505,343 670,849
TOTAL ASSETS LESS CURRENT
LIABILITIES
505,343
675,271

PROVISIONS FOR LIABILITIES 30,000 30,000
NET ASSETS 475,343 645,271

CAPITAL AND RESERVES
Called up share capital 9 334 334
Capital redemption reserve 666 666
Retained earnings 474,343 644,271
SHAREHOLDERS' FUNDS 475,343 645,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 notes form part of these financial statements

Page 2 continued...
PJH ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 03838835)

BALANCE SHEET - continued
30 SEPTEMBER 2022


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 director and authorised for issue on 27 June 2023 and were signed by:





S Goldthorpe - Director


The notes form part of these financial statements

Page 3
PJH ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 03838835)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

PJH Engineering Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The figures in the financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised when and to the extent that the company has obtained a right to consideration.

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 - 50% on cost, 25% on cost and at varying rates on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
PJH ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 03838835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

3. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants received which are of a capital nature are recognised as deferred income in the balance sheet. The deferred income is then credited to the profit and loss account at the same rate as the depreciation charge of the relevant asset.

Government grants received which are of a revenue nature are credited directly to the profit and loss account.

Software costs
Expenditure on software is recognised in the profit and loss account in the year in which it is incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021 83,804
Disposals (27,575 )
At 30 September 2022 56,229
DEPRECIATION
At 1 October 2021 79,382
Charge for year 4,422
Eliminated on disposal (27,575 )
At 30 September 2022 56,229
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 4,422

6. STOCKS
2022 2021
£    £   
Work-in-progress 81,933 16,569

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 12,673 262,099
Other debtors 23,980 95,222
36,653 357,321

Page 5 continued...
PJH ENGINEERING SOLUTIONS LIMITED (REGISTERED NUMBER: 03838835)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 67,822 139,048
Taxation and social security 1,920 46,865
Other creditors 12,119 8,752
81,861 194,665

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2022 2021
value: £    £   
234 Ordinary £1 234 234
100 A Ordinary £1 100 100
334 334

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company has provided Mr S Goldthorpe, a director and shareholder, with a loan on which interest was payable based on HM Revenue & Customs official rates of interest. The loan outstanding at the beginning of the year was £67,69, interest for the period was £702 and the loan was repaid in full by the year end.

11. ULTIMATE CONTROLLING PARTY

Mr S Goldthorpe is the overall controlling party by virtue of his majority shareholding.

Page 6