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REGISTERED NUMBER: 07764439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

SHJC Holdings Limited

SHJC Holdings Limited (Registered number: 07764439)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHJC Holdings Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J C Chancellor
S J Hall
W M Morgan





SECRETARIES: Mrs B J Chancellor
Mrs K M Hall





REGISTERED OFFICE: 141 Englishcombe Lane
Bath
BA2 2EL





REGISTERED NUMBER: 07764439 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

SHJC Holdings Limited (Registered number: 07764439)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,601 171,118
148,601 171,118

CURRENT ASSETS
Debtors 5 265,323 349,555
Investments 6 550 550
Cash at bank 209,600 90,742
475,473 440,847
CREDITORS
Amounts falling due within one year 7 194,714 204,606
NET CURRENT ASSETS 280,759 236,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,360

407,359

CREDITORS
Amounts falling due after more than one year 8 - (9,022 )

PROVISIONS FOR LIABILITIES (31,979 ) (32,512 )
NET ASSETS 397,381 365,825

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 397,231 365,675
SHAREHOLDERS' FUNDS 397,381 365,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

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 17 November 2023 and were signed on its behalf by:





W M Morgan - Director


SHJC Holdings Limited (Registered number: 07764439)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

SHJC Holdings 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.

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 - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

SHJC Holdings Limited (Registered number: 07764439)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 499,614
Additions 28,587
Disposals (13,526 )
At 31 August 2023 514,675
DEPRECIATION
At 1 September 2022 328,496
Charge for year 48,445
Eliminated on disposal (10,867 )
At 31 August 2023 366,074
NET BOOK VALUE
At 31 August 2023 148,601
At 31 August 2022 171,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings 239,996 349,405
Other debtors 25,327 150
265,323 349,555

6. CURRENT ASSET INVESTMENTS
31.8.23 31.8.22
£    £   
Shares in group undertakings 550 550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 9,022 16,650
Trade creditors 9,415 8,796
Amounts owed to group undertakings 32,044 25,200
Taxation and social security 135,447 145,269
Other creditors 8,786 8,691
194,714 204,606

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts - 9,022

SHJC Holdings Limited (Registered number: 07764439)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
S J Hall
Balance outstanding at start of year (452 ) (556 )
Amounts advanced 103,147 80,804
Amounts repaid (102,696 ) (80,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) (452 )

J C Chancellor
Balance outstanding at start of year (675 ) (217 )
Amounts advanced 130,675 138,742
Amounts repaid (130,000 ) (139,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (675 )

W M Morgan
Balance outstanding at start of year (1,065 ) (314 )
Amounts advanced 141,617 63,649
Amounts repaid (115,375 ) (64,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,177 (1,065 )

Interest has been charged on balances outstanding.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £348,072 were paid to the directors.

Phoenix Enhancement Services Limited is a 100% owned subsidiary of SHJC Holdings Limited. During the year the company received management charges from Phoenix Enhancement Services Limited totalling £714,000 (2022 £580,000).

Phoenix Alloys Limited is a 100% owned subsidiary of SHJC Holdings Limited. During the year the company received management charges from Phoenix Alloys Limited totalling £27,500 (2022 £69,000).

Phoenix Alignment & Calibration Limited is a 100% owned subsidiary of SHJC Holdings Limited. During the year the company received management charges from Phoenix Alignment & Calibration Limited totalling £9,000 (2022 £12,000).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Hall, Mr J Chancellor and Mr WMorgan.