Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-03-01falseNo description of principal activity3true3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01690826 2022-03-01 2023-02-28 01690826 2021-03-01 2022-02-28 01690826 2023-02-28 01690826 2022-02-28 01690826 c:CompanySecretary1 2022-03-01 2023-02-28 01690826 c:Director1 2022-03-01 2023-02-28 01690826 c:Director2 2022-03-01 2023-02-28 01690826 c:RegisteredOffice 2022-03-01 2023-02-28 01690826 d:PlantMachinery 2022-03-01 2023-02-28 01690826 d:MotorVehicles 2022-03-01 2023-02-28 01690826 d:MotorVehicles 2023-02-28 01690826 d:MotorVehicles 2022-02-28 01690826 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01690826 d:FurnitureFittings 2023-02-28 01690826 d:FurnitureFittings 2022-02-28 01690826 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01690826 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 01690826 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 01690826 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 01690826 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 01690826 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 01690826 d:ShareCapital 2023-02-28 01690826 d:ShareCapital 2022-02-28 01690826 d:RetainedEarningsAccumulatedLosses 2023-02-28 01690826 d:RetainedEarningsAccumulatedLosses 2022-02-28 01690826 c:OrdinaryShareClass1 2022-03-01 2023-02-28 01690826 c:OrdinaryShareClass1 2023-02-28 01690826 c:OrdinaryShareClass1 2022-02-28 01690826 c:FRS102 2022-03-01 2023-02-28 01690826 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 01690826 c:FullAccounts 2022-03-01 2023-02-28 01690826 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01690826










S.J. BUSINESS MICRO SYSTEMS LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 28 February 2023

 
S.J. BUSINESS MICRO SYSTEMS LIMITED
 

Company Information


Directors
A Wycherley 
S J Lacey 




Company secretary
A Wycherley



Registered number
01690826



Registered office
Unit 3 Mews Works
Station Road

Rotherham

S60 1JH





 
S.J. BUSINESS MICRO SYSTEMS LIMITED
Registered number: 01690826

Balance sheet
As at 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
594
783

  
594
783

Current assets
  

Stocks
  
3,000
3,000

Debtors
  
130,384
140,149

Cash at bank and in hand
  
-
8,683

  
133,384
151,832

Creditors: amounts falling due within one year
  
(116,399)
(126,568)

Net current assets
  
 
 
16,985
 
 
25,264

Total assets less current liabilities
  
17,579
26,047

Creditors: amounts falling due after more than one year
  
(37,588)
(43,191)

Net liabilities
  
(20,009)
(17,144)


Capital and reserves
  

Called up share capital 
 5 
2
2

Profit and loss account
  
(20,011)
(17,146)

  
(20,009)
(17,144)


The directors consider 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 directors acknowledge their 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 income and retained earnings 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 on 27 November 2023.




A Wycherley
S J Lacey
Director
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
S.J. BUSINESS MICRO SYSTEMS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

1.


General information

SJ Business Micosystems Limited is a private company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

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:

 
2.2

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
S.J. BUSINESS MICRO SYSTEMS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

2.Accounting policies (continued)

 
2.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
15%
Motor vehicles
-
25%

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where
Page 3

 
S.J. BUSINESS MICRO SYSTEMS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 -3).

Page 4

 
S.J. BUSINESS MICRO SYSTEMS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2023

4.


Tangible fixed assets





Motor vehicles
Furniture, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 March 2022
10,495
754
11,249



At 28 February 2023

10,495
754
11,249



Depreciation


At 1 March 2022
9,789
677
10,466


Charge for the year on owned assets
177
12
189



At 28 February 2023

9,966
689
10,655



Net book value



At 28 February 2023
529
65
594



At 28 February 2022
706
77
783


5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 -2) Ordinary shares of £1.00 each
2
2



6.


Transactions with directors

The directors operate current accounts with the company which are interest free and repayable on demand.
The balance owed to the company at the yearend included in other debtors is as follows:-
S J Lacey £32,090 
(2022 - £30,188), A Wycherley £38,383 (2022 - £35,353)


Page 5