PJM Decorators Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07564648 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PJM DECORATORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P J Montague

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Bucks

SL7 3HN

REGISTERED NUMBER:

07564648 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,131

7,664

6,131

7,664

CURRENT ASSETS

Debtors

6

15,543

12,482

Cash at bank

61,427

22,211

76,970

34,693

CREDITORS

Amounts falling due within one year

7

47,646

22,261

NET CURRENT ASSETS

29,324

12,432

TOTAL ASSETS LESS CURRENT LIABILITIES

35,455

20,096

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

35,355

19,996

SHAREHOLDERS' FUNDS

35,455

20,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th October 2023 and were signed by:

Mr P J Montague - Director

1.	STATUTORY INFORMATION

PJM Decorators 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2022

and 31st March 2023

40,700

AMORTISATION

At 1st April 2022

and 31st March 2023

40,700

NET BOOK VALUE

At 31st March 2023

-

At 31st March 2022

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2022

and 31st March 2023

23,978

1,420

25,398

DEPRECIATION

At 1st April 2022

16,612

1,122

17,734

Charge for year

1,473

60

1,533

At 31st March 2023

18,085

1,182

19,267

NET BOOK VALUE

At 31st March 2023

5,893

238

6,131

At 31st March 2022

7,366

298

7,664

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

1,244

-

CIS tax recoverable

13,918

12,129

Prepayments

381

353

15,543

12,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

-

824

Tax

13,345

13,138

VAT

2,278

910

Directors' loan accounts

30,423

5,889

Accrued expenses

1,600

1,500

47,646

22,261

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1st April 2022

19,996

Profit for the year

55,359

Dividends

(40,000

)

At 31st March 2023

35,355

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Montague.