Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3112022-04-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09802357 2022-04-01 2023-03-31 09802357 2021-04-01 2022-03-31 09802357 2023-03-31 09802357 2022-03-31 09802357 c:Director1 2022-04-01 2023-03-31 09802357 d:FurnitureFittings 2022-04-01 2023-03-31 09802357 d:FurnitureFittings 2023-03-31 09802357 d:FurnitureFittings 2022-03-31 09802357 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09802357 d:OfficeEquipment 2022-04-01 2023-03-31 09802357 d:OfficeEquipment 2023-03-31 09802357 d:OfficeEquipment 2022-03-31 09802357 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09802357 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09802357 d:CurrentFinancialInstruments 2023-03-31 09802357 d:CurrentFinancialInstruments 2022-03-31 09802357 d:Non-currentFinancialInstruments 2023-03-31 09802357 d:Non-currentFinancialInstruments 2022-03-31 09802357 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09802357 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09802357 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09802357 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09802357 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 09802357 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 09802357 d:ShareCapital 2023-03-31 09802357 d:ShareCapital 2022-03-31 09802357 d:RetainedEarningsAccumulatedLosses 2023-03-31 09802357 d:RetainedEarningsAccumulatedLosses 2022-03-31 09802357 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09802357 c:OrdinaryShareClass1 2023-03-31 09802357 c:OrdinaryShareClass1 2022-03-31 09802357 c:FRS102 2022-04-01 2023-03-31 09802357 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09802357 c:FullAccounts 2022-04-01 2023-03-31 09802357 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09802357 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09802357









SJC GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SJC GROUP LTD
REGISTERED NUMBER: 09802357

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,859
1,605

  
1,859
1,605

Current assets
  

Debtors: amounts falling due within one year
 6 
405,462
377,715

Cash at bank and in hand
 7 
223,375
550,041

  
628,837
927,756

Creditors: amounts falling due within one year
 8 
(280,722)
(514,380)

Net current assets
  
 
 
348,115
 
 
413,376

Total assets less current liabilities
  
349,974
414,981

Creditors: amounts falling due after more than one year
 9 
(158,213)
-

  

Net assets
  
191,761
414,981


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
191,661
414,881

  
191,761
414,981


Page 1

 
SJC GROUP LTD
REGISTERED NUMBER: 09802357
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
David Montgomery-Honeyman
Director
Date: 9 November 2023

Page 2

 
SJC GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SJC GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.Accounting policies (continued)


1.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
per annum
Office equipment
-
25%
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


3.


Director's remuneration

2023
2022
£
£

Director's emoluments
11,702
8,844

11,702
8,844


Page 4

 
SJC GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Dividends

2023
2022
£
£


Dividends analysis
70,341
73,351

70,341
73,351


5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
682
1,775
2,457


Additions
-
1,157
1,157



At 31 March 2023

682
2,932
3,614



Depreciation


At 1 April 2022
170
682
852


Charge for the year on owned assets
170
733
903



At 31 March 2023

340
1,415
1,755



Net book value



At 31 March 2023
342
1,517
1,859



At 31 March 2022
512
1,093
1,605


6.


Debtors

2023
2022
£
£


Trade debtors
185,462
377,715

Director's loan account
220,000
-

405,462
377,715


Page 5

 
SJC GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
223,375
550,041

223,375
550,041



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
60,063
-

Trade creditors
110,790
280,981

Corporation tax
22,632
55,543

Other taxation and social security
83,737
165,512

Accruals and deferred income
3,500
12,344

280,722
514,380


2023
2022
£
£

Other taxation and social security

PAYE/NI control
383
3,107

VAT control
83,354
162,405

83,737
165,512



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
158,213
-

158,213
-


Page 6

 
SJC GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
60,063
-


60,063
-



Amounts falling due after more than 5 years

Bank loans
158,213
-

158,213
-

218,276
-



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary Shares shares of £1.00 each
100
100


 
Page 7