PJ Investment Consultants Ltd - Accounts to registrar (filleted) - small 17.3
PJ Investment Consultants Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
FOR |
PJ INVESTMENT CONSULTANTS LTD |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PJ INVESTMENT CONSULTANTS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
BALANCE SHEET |
30 APRIL 2017 |
30.4.17 | 30.4.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Investments | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 on its behalf by: |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
1. | STATUTORY INFORMATION |
PJ Investment Consultants Ltd is a |
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 |
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30 April 2017 are the first that are prepared in |
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance |
with UK GAAP, the date of transition to FRS 102 Section 1A is 1 May 2015. |
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 |
Computer equipment | - |
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. |
Current asset investments |
Current asset investments are held at the cost or market value if available. |
Going concern |
At the balance sheet date the company had a deficit on shareholders funds. These financial |
statements have however been prepared on the going concern basis as the director has confirmed he |
will continue to provide the necessary financial support to enable the company to meet its debts as |
they fall due for a period of at least 12 months from the date of approval of these financial statements. |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
3. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
At 30 April 2017 |
DEPRECIATION |
Charge for year |
At 30 April 2017 |
NET BOOK VALUE |
At 30 April 2017 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Trade debtors |
Other debtors |
Directors' current accounts | 179,886 | - |
5. | CURRENT ASSET INVESTMENTS |
30.4.17 | 30.4.16 |
£ | £ |
Other |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Other creditors |
Directors' current accounts | 150,000 | 25,216 |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.17 | 30.4.16 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
PJ INVESTMENT CONSULTANTS LTD (REGISTERED NUMBER: 08982072) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2017 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 April 2017 and |
30 April 2016: |
30.4.17 | 30.4.16 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
Interest has been charged on overdrawn directors loan accounts at HMRC official rates. |
Ms J S Kerr has provided the company a loan of £150,000 in the period. This loan is repayable on |
demand. |
9. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Mr P Boys and Ms J Kerr jointly. |
10. | FIRST YEAR ADOPTION |
There were no changes in the balance sheet and/or the income statement with the adoption of Section |
1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable |
in the UK and Republic of Ireland". |