1 October 2021 v2023.21.1 limited_company_frs_102_section_1a_v1_0_9 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP077828442021-10-012022-09-30077828442022-09-30077828442021-09-3007782844core:WithinOneYear2022-09-3007782844core:WithinOneYear2021-09-3007782844core:AfterOneYear2022-09-3007782844core:AfterOneYear2021-09-3007782844core:ShareCapital2022-09-3007782844core:ShareCapital2021-09-3007782844core:RetainedEarningsAccumulatedLosses2022-09-3007782844core:RetainedEarningsAccumulatedLosses2021-09-3007782844bus:Director12021-10-012022-09-3007782844bus:RegisteredOffice2021-10-012022-09-3007782844core:NetGoodwill2021-10-012022-09-3007782844core:Goodwill2021-10-012022-09-3007782844core:FurnitureFittings2021-10-012022-09-30077828442020-10-012021-09-3007782844core:NetGoodwill2022-09-3007782844core:NetGoodwill2021-10-0107782844core:NetGoodwill2021-09-3007782844core:PlantMachinery2021-10-0107782844core:PlantMachinery2021-10-012022-09-3007782844core:PlantMachinery2022-09-3007782844core:PlantMachinery2021-09-300778284412021-10-012022-09-3007782844countries:EnglandWales2021-10-012022-09-3007782844bus:AuditExemptWithAccountantsReport2021-10-012022-09-3007782844bus:PrivateLimitedCompanyLtd2021-10-012022-09-3007782844bus:SmallEntities2021-10-012022-09-3007782844bus:FullAccounts2021-10-012022-09-30
Company registration number:
07782844
SJH Editorial Services Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2022
SJH Editorial Services Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of SJH Editorial Services Limited
Year ended
30 September 2022
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
SJH Editorial Services Limited
for the year ended
30 September 2022
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
SJH Editorial Services Limited
, as a body, in accordance with the terms of my engagement letter dated 25 February 2020. My work has been undertaken solely to prepare for your approval the
financial statements
of
SJH Editorial Services Limited
and state those matters that I have agreed to state to the Board of Directors of
SJH Editorial Services Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
SJH Editorial Services Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
SJH Editorial Services Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
SJH Editorial Services Limited
. You consider that
SJH Editorial Services Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of SJH Editorial Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Gordon & Co
Chartered Accountants and Business Advisors
46 Clifton Terrace
London
N4 3JP
United Kingdom
Date:
27 March 2023
SJH Editorial Services Limited
Statement of Financial Position
30 September 2022
20222021
Note££
Fixed assets    
Intangible assets 5
2,100
 
3,150
 
Tangible assets 6
2,415
 
2,218
 
4,515
 
5,368
 
Current assets    
Cash at bank and in hand
2,477
 
5,323
 
Creditors: amounts falling due within one year 7
(28,157
)
(30,146
)
Net current liabilities
(25,680
)
(24,823
)
Total assets less current liabilities (21,165 ) (19,455 )
Creditors: amounts falling due after more than one year 8
(16,781
)
(21,690
)
Net liabilities
(37,946
)
(41,145
)
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(37,947
)
(41,146
)
Shareholders deficit
(37,946
)
(41,145
)
For the year ending
30 September 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 March 2023
, and are signed on behalf of the board by:
Sally Hall
Director
Company registration number:
07782844
SJH Editorial Services Limited
Notes to the Financial Statements
Year ended
30 September 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
19 Cecile Park
,
London
,
N8 9AX
, United Kingdom.

2 Statement of compliance

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

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company has a net deficit as at 30 September 2022. The company is financed by a short term loan from the director. The director is not aware of any reason why the short term loan may be withdrawn. As a result the director continues to adopt the going concern basis of accounting.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
10% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2021:
1
).

5 Intangible assets

Goodwill
£
Cost  
At
1 October 2021
and
30 September 2022
10,500
 
Amortisation  
At
1 October 2021
7,350
 
Charge
1,050
 
At
30 September 2022
8,400
 
Carrying amount  
At
30 September 2022
2,100
 
At 30 September 2021
3,150
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2021
5,852
 
Additions
1,249
 
At
30 September 2022
7,101
 
Depreciation  
At
1 October 2021
3,634
 
Charge
1,052
 
At
30 September 2022
4,686
 
Carrying amount  
At
30 September 2022
2,415
 
At 30 September 2021
2,218
 

7 Creditors: amounts falling due within one year

20222021
££
Bank loans and overdrafts
3,257
 
3,257
 
Other creditors
24,900
 
26,889
 
28,157
 
30,146
 

8 Creditors: amounts falling due after more than one year

20222021
££
Bank loans and overdrafts
16,781
 
21,690