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REGISTERED NUMBER: 11999690 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

FOR

SJL ADVISORY LIMITED

SJL ADVISORY LIMITED (REGISTERED NUMBER: 11999690)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJL ADVISORY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTORS: Mr Stuart John Laight
Mrs Heidi Elaine Laight





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
B692DG





REGISTERED NUMBER: 11999690 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

SJL ADVISORY LIMITED (REGISTERED NUMBER: 11999690)

BALANCE SHEET
31 MAY 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 3,575 1,696
10,575 9,696

CURRENT ASSETS
Debtors 6 3,327 3,987
Cash at bank 121,243 50,296
124,570 54,283
CREDITORS
Amounts falling due within one year 7 (57,522 ) (59,867 )
NET CURRENT ASSETS/(LIABILITIES) 67,048 (5,584 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,623

4,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,523 4,012
77,623 4,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

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.

SJL ADVISORY LIMITED (REGISTERED NUMBER: 11999690)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by:





Mr Stuart John Laight - Director


SJL ADVISORY LIMITED (REGISTERED NUMBER: 11999690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022


1. STATUTORY INFORMATION

SJL Advisory 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 2019, is being amortised evenly over its estimated useful life of ten years.

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 - straight line over 3 years and 25% on cost

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.

SJL ADVISORY LIMITED (REGISTERED NUMBER: 11999690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2021
and 31 May 2022 10,000
AMORTISATION
At 1 June 2021 2,000
Charge for year 1,000
At 31 May 2022 3,000
NET BOOK VALUE
At 31 May 2022 7,000
At 31 May 2021 8,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2021 1,799 1,877 3,676
Additions 808 2,655 3,463
Disposals - (458 ) (458 )
At 31 May 2022 2,607 4,074 6,681
DEPRECIATION
At 1 June 2021 881 1,099 1,980
Charge for year 581 1,003 1,584
Eliminated on disposal - (458 ) (458 )
At 31 May 2022 1,462 1,644 3,106
NET BOOK VALUE
At 31 May 2022 1,145 2,430 3,575
At 31 May 2021 918 778 1,696

SJL ADVISORY LIMITED (REGISTERED NUMBER: 11999690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,945 3,725
Other debtors 382 262
3,327 3,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 408 225
Taxation and social security 27,950 6,607
Other creditors 29,164 53,035
57,522 59,867