SJMAX Ltd 06852652 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of psychiatric consultancy Digita Accounts Production Advanced 6.30.9574.0 true 06852652 2022-04-01 2023-03-31 06852652 2023-03-31 06852652 core:RetainedEarningsAccumulatedLosses 2023-03-31 06852652 core:ShareCapital 2023-03-31 06852652 core:CurrentFinancialInstruments 2023-03-31 06852652 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06852652 core:OfficeEquipment 2023-03-31 06852652 bus:SmallEntities 2022-04-01 2023-03-31 06852652 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06852652 bus:FullAccounts 2022-04-01 2023-03-31 06852652 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06852652 bus:RegisteredOffice 2022-04-01 2023-03-31 06852652 bus:Director1 2022-04-01 2023-03-31 06852652 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06852652 bus:Agent1 2022-04-01 2023-03-31 06852652 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06852652 core:ShareCapital 2022-04-01 2023-03-31 06852652 core:OfficeEquipment 2022-04-01 2023-03-31 06852652 countries:EnglandWales 2022-04-01 2023-03-31 06852652 2022-03-31 06852652 core:RetainedEarningsAccumulatedLosses 2022-03-31 06852652 core:ShareCapital 2022-03-31 06852652 core:OfficeEquipment 2022-03-31 06852652 2021-04-01 2022-03-31 06852652 2022-03-31 06852652 core:RetainedEarningsAccumulatedLosses 2022-03-31 06852652 core:ShareCapital 2022-03-31 06852652 core:CurrentFinancialInstruments 2022-03-31 06852652 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06852652 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 06852652 core:ShareCapital 2021-04-01 2022-03-31 06852652 2021-03-31 06852652 core:RetainedEarningsAccumulatedLosses 2021-03-31 06852652 core:ShareCapital 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 06852652

SJMAX Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

SJMAX Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

SJMAX Ltd

Company Information

Director

P B Bergman

Registered office

277 - 279 Chiswick High Road
London
London
W4 4PU

Accountants

Flintham Mackenzie Limited
Chartered Accountants
277 - 279 Chiswick High Road
London
W4 4PU

 

SJMAX Ltd

Director's Report for the Year Ended 31 March 2023

The report and the financial statements for the year ended 31 March 2023.

Director of the company

The director who held office during the year was as follows:

P B Bergman

Principal activity

The principal activity of the company is that of psychiatric consultancy

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 September 2023
 

.........................................
P B Bergman
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SJMAX Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SJMAX Ltd for the year ended 31 March 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of SJMAX Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SJMAX Ltd and state those matters that we have agreed to state to the Board of Directors of SJMAX Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SJMAX Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SJMAX Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SJMAX Ltd. You consider that SJMAX Ltd 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 accounts of SJMAX Ltd. 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 accounts.

......................................

Flintham Mackenzie Limited
Chartered Accountants
277 - 279 Chiswick High Road
London
W4 4PU

Date:.............................

 

SJMAX Ltd

Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(663)

(1,847)

Operating loss

 

(663)

(1,847)

Loss before tax

4

(663)

(1,847)

Loss for the financial year

 

(663)

(1,847)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

SJMAX Ltd

(Registration number: 06852652)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

6

1,293

1,294

Cash at bank and in hand

 

19

-

 

1,312

1,294

Creditors: Amounts falling due within one year

7

(4,410)

(3,729)

Net liabilities

 

(3,098)

(2,435)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(3,099)

(2,436)

Shareholders' deficit

 

(3,098)

(2,435)

For the financial year ending 31 March 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 September 2023
 

.........................................
P B Bergman
Director

 

SJMAX Ltd

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

1

(2,436)

(2,435)

Loss for the year

-

(663)

(663)

At 31 March 2023

1

(3,099)

(3,098)

Share capital
£

Retained earnings
£

Total
£

At 1 April 2021

1

(589)

(588)

Loss for the year

-

(1,847)

(1,847)

At 31 March 2022

1

(2,436)

(2,435)

 

SJMAX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
277 - 279 Chiswick High Road
London
London
W4 4PU

These financial statements were authorised for issue by the director on 28 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

50% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

SJMAX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

-

119

 

SJMAX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

1,929

1,929

At 31 March 2023

1,929

1,929

Depreciation

At 1 April 2022

1,929

1,929

At 31 March 2023

1,929

1,929

Carrying amount

At 31 March 2023

-

-

6

Debtors

Current

2023
£

2022
£

Other debtors

1,293

1,294

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

-

244

Accruals and deferred income

 

720

840

Other creditors

 

3,690

2,645

 

4,410

3,729

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

-

244