PJA Contracting Limited Small abridged accounts

PJA CONTRACTING LIMITED - Company Information

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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS

All of the members of PJA Contracting Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31st May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 08752175

PJA CONTRACTING LIMITED

UNAUDITED ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 May 2018

PJA CONTRACTING LIMITED

ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31st MAY 2018

CONTENTS	PAGE

Officers and professional advisers	1

Directors' report	2

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements	3

Abridged statement of income and retained earnings	4

Abridged statement of financial position	5

Notes to the abridged financial statements	6

PJA CONTRACTING LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

THE BOARD OF DIRECTORS	P J Albone
	P A Cross

COMPANY SECRETARY	P J Albone

REGISTERED OFFICE	475 Salisbury House
	London Wall
	London
	EC2M 5QQ

ACCOUNTANTS	Cloke & Co
	Chartered Certified Accountants
	475 Salisbury House
	London Wall
	London
	EC2M 5QQ

PJA CONTRACTING LIMITED

DIRECTORS' REPORT

YEAR ENDED 31st MAY 2018

The directors present their report and the unaudited abridged financial statements of the company for the year ended 31 May 2018 .

DIRECTORS

The directors who served the company during the year were as follows:

P J Albone
P A Cross

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 14 August 2018 and signed on behalf of the board by:

P A Cross

Director

Registered office:

475 Salisbury House

London Wall

London

EC2M 5QQ

PJA CONTRACTING LIMITED

CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF PJA CONTRACTING LIMITED

YEAR ENDED 31st MAY 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of PJA Contracting Limited for the year ended 31st May 2018, which comprise the abridged statement of income and retained earnings, abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of PJA Contracting Limited, as a body, in accordance with the terms of our engagement letter dated 1st August 2017. Our work has been undertaken solely to prepare for your approval the abridged financial statements of PJA Contracting Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PJA Contracting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PJA Contracting Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PJA Contracting Limited. You consider that PJA Contracting Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of PJA Contracting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.

Cloke & Co Chartered Certified Accountants

475 Salisbury House London Wall London EC2M 5QQ

17 August 2018

PJA CONTRACTING LIMITED

ABRIDGED STATEMENT OF INCOME AND RETAINED EARNINGS

YEAR ENDED 31st MAY 2018

	2018	2017
Note	£	£
GROSS PROFIT	122,228	144,258

Administrative expenses	( 68,554)	( 44,378)
	---------	---------
OPERATING PROFIT	53,674	99,880

Other interest receivable and similar income	4	1,028	2,031
		---------	---------
PROFIT BEFORE TAXATION		54,702	101,911

Tax on profit	( 10,393)	( 20,212)
	--------	---------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME	44,309	81,699
	--------	---------

Dividends paid and payable	( 40,500)	( 35,000)

RETAINED EARNINGS AT THE START OF THE YEAR	104,416	57,717
	---------	---------
RETAINED EARNINGS AT THE END OF THE YEAR	108,225	104,416
	---------	---------

All the activities of the company are from continuing operations.

PJA CONTRACTING LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 May 2018

	2018		2017
Note	£	£	£

CURRENT ASSETS

Stocks	10,334	28,209
Debtors	187,981	61,330
Cash at bank and in hand	30,321	204,592
	---------	---------
	228,636	294,131

CREDITORS: amounts falling due within one year	120,311		189,615
	---------		---------
NET CURRENT ASSETS		108,325	104,516
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		108,325	104,516
		---------	---------
NET ASSETS		108,325	104,516
		---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	108,225	104,416
	---------	---------
SHAREHOLDERS FUNDS	108,325	104,516
	---------	---------

These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31st May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 14 August 2018 , and are signed on behalf of the board by:

P J Albone

Director

Company registration number: 08752175

PJA CONTRACTING LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31st MAY 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 475 Salisbury House, London Wall, London, EC2M 5QQ.

2. STATEMENT OF COMPLIANCE

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

REVENUE RECOGNITION

Turnover is recognised when each stage of a contract is completed, less any amounts withheld for retentions by the contractor.

INCOME TAX

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

FINANCIAL INSTRUMENTS

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. OTHER INTEREST RECEIVABLE AND SIMILAR INCOME

	2018	2017
	£	£
Interest on loans and receivables	1,028	2,031
	-------	-------

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
P J Albone	33,803	1,028	( 35,000)	( 169)
	--------	-------	--------	----

	2017
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
P J Albone	66,772	2,031	( 35,000)	33,803
	--------	-------	--------	--------

The amount carries interest at the rate of 3% per annum and is repayable on demand, but no later than 31st October 2018.

6. RELATED PARTY TRANSACTIONS

The company was under the control of P J Albone throughout the current and previous year. P J Albone is the managing director and majority shareholder. As a result of this shareholding, dividends were paid to P J Albone during the year amounting to £40,500 (2017 - £35,000). The directors of PJA Contracting Limited P J Albone and P A Cross are also directors of PJA Carpentry Limited. During the year PJA Carpentry Limited provided during the normal course of business carpentry and office services amounting to £782,174 (2017 - £127,348) and rent of offices amounting to £6,000 (2017 - £6,000). At the end of the year end, PJA Contracting Limited was owed by PJA Carpentry Limited £142,388 (2017 - £(5,667)). No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.