PJM Scaffolding Contractors Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07235806 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

PJM SCAFFOLDING CONTRACTORS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Tomkins-Moore

REGISTERED OFFICE:

Unit 4a Pytchley Lodge Road

Kettering

Northamptonshire

NN15 6JQ

REGISTERED NUMBER:

07235806 (England and Wales)

ACCOUNTANTS:

Elsby & Co

Thistledown Barn

204 Holcot Road

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Tangible assets

4

738,708

809,353

CURRENT ASSETS

Debtors

174,300

264,633

Cash at bank and in hand

-

50,913

174,300

315,546

CREDITORS

Amounts falling due within one year

418,426

495,664

NET CURRENT LIABILITIES

(244,126

)

(180,118

)

TOTAL ASSETS LESS CURRENT LIABILITIES

494,582

629,235

CREDITORS

Amounts falling due after more than one year

5

(384,840

)

(454,768

)

PROVISIONS FOR LIABILITIES

(12,651

)

-

NET ASSETS

97,091

174,467

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

97,081

174,457

SHAREHOLDERS' FUNDS

97,091

174,467

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2023 and were signed by:

P J Tomkins-Moore - Director

1.	STATUTORY INFORMATION

PJM Scaffolding Contractors Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

0% on buildings; 20% on improvements

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.

EMPLOYEES

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

1,522,218

Additions

11,280

At 31 March 2023

1,533,498

DEPRECIATION

At 1 April 2022

712,865

Charge for year

81,925

At 31 March 2023

794,790

NET BOOK VALUE

At 31 March 2023

738,708

At 31 March 2022

809,353

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2022

and 31 March 2023

119,700

DEPRECIATION

At 1 April 2022

28,882

Charge for year

19,329

At 31 March 2023

48,211

NET BOOK VALUE

At 31 March 2023

71,489

At 31 March 2022

90,818

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2023

2022

£

£

Repayable by instalments

Bank loans more 5 yr by instal

139,524

157,038

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

10

Ordinary

£1

10

10