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REGISTERED NUMBER: 03205792 (England and Wales)















S J Root & Co Limited

Unaudited Financial Statements

For The Year Ended 30th September 2023






S J Root & Co Limited (Registered number: 03205792)

Contents of the Financial Statements
For The Year Ended 30th September 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


S J Root & Co Limited

Company Information
For The Year Ended 30th September 2023







DIRECTORS: S J Root
S P Snowling
D Root





SECRETARY: S J Root





REGISTERED OFFICE: Sunnyfields Business Centre
Sunnyfields Road
High Garrett
Essex
CM7 5PG





REGISTERED NUMBER: 03205792 (England and Wales)





ACCOUNTANTS: John Phillips & Co Limited
Accountants
Unit 81 Centaur Court
Claydon Business Park
Gt. Blakenham
Ipswich
Suffolk
IP6 0NL

S J Root & Co Limited (Registered number: 03205792)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 430,894 330,061

CURRENT ASSETS
Stocks 5 960,000 960,000
Debtors 6 1,977,002 1,894,405
Cash at bank 941,540 1,007,990
3,878,542 3,862,395
CREDITORS
Amounts falling due within one year 7 1,120,046 873,423
NET CURRENT ASSETS 2,758,496 2,988,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,189,390

3,319,033

CREDITORS
Amounts falling due after more than one
year

8

16,585

54,171
NET ASSETS 3,172,805 3,264,862

CAPITAL AND RESERVES
Called up share capital 9 55 54
Retained earnings 10 3,172,750 3,264,808
SHAREHOLDERS' FUNDS 3,172,805 3,264,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

S J Root & Co Limited (Registered number: 03205792)

Balance Sheet - continued
30th September 2023


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 23rd February 2024 and were signed on its behalf by:





S P Snowling - Director


S J Root & Co Limited (Registered number: 03205792)

Notes to the Financial Statements
For The Year Ended 30th September 2023


1. STATUTORY INFORMATION

S J Root & Co 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


S J Root & Co Limited (Registered number: 03205792)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 43 (2022 - 10 ) .

S J Root & Co Limited (Registered number: 03205792)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st October 2022 625,122 39,900 177,347 842,369
Additions 333,333 841 - 334,174
Disposals (281,000 ) - - (281,000 )
At 30th September 2023 677,455 40,741 177,347 895,543
DEPRECIATION
At 1st October 2022 357,665 33,395 121,248 512,308
Charge for year 128,571 1,836 14,025 144,432
Eliminated on disposal (192,091 ) - - (192,091 )
At 30th September 2023 294,145 35,231 135,273 464,649
NET BOOK VALUE
At 30th September 2023 383,310 5,510 42,074 430,894
At 30th September 2022 267,457 6,505 56,099 330,061

5. STOCKS
2023 2022
£    £   
Work-in-progress 960,000 960,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 634,914 784,312
Amounts recoverable on contract 429,547 468,521
Other Loans 838,856 586,928
Directors' loan accounts 9,695 -
Tax 12,926 -
Deferred Tax Asset 2,000 2,000
VAT 49,059 52,640
Called up share capital not paid 5 4
1,977,002 1,894,405

S J Root & Co Limited (Registered number: 03205792)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 65,785 65,785
Trade creditors 591,796 607,699
Tax - 81,989
Social security and other taxes 91,156 101,489
Directors' loan accounts 351,928 -
Accrued expenses 19,381 16,461
1,120,046 873,423

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 16,585 54,171

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £1 20 20
5 Ordinary "B" Non-Voting £1 20 20
5 Ordinary "C" Non-Voting £1 5 5
5 Ordinary "D" Non-Voting £1 5 5
2 Ordinary "E" Non-voting £1 2 2
2 Ordinary "F" Non-voting £1 2 2
1 Ordinary "G" Non-voting £1 1 -
55 54

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1 Share capital 7 £1 1 -

The following shares were issued during the year for cash at par :

1 Ordinary "G" Non-voting share of £1

S J Root & Co Limited (Registered number: 03205792)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023


10. RESERVES
Retained
earnings
£   

At 1st October 2022 3,264,808
Profit for the year 135,444
Dividends (227,502 )
At 30th September 2023 3,172,750