2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,582 1,547 8 1,555 27 35 xbrli:pure xbrli:shares iso4217:GBP 05735790 2022-07-01 2023-06-30 05735790 2023-06-30 05735790 2022-06-30 05735790 2021-07-01 2022-06-30 05735790 2022-06-30 05735790 2021-06-30 05735790 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-01 2023-06-30 05735790 core:FurnitureFittings 2022-07-01 2023-06-30 05735790 bus:Director1 2022-07-01 2023-06-30 05735790 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-06-30 05735790 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 05735790 core:FurnitureFittings 2022-06-30 05735790 core:FurnitureFittings 2023-06-30 05735790 core:WithinOneYear 2023-06-30 05735790 core:WithinOneYear 2022-06-30 05735790 core:ShareCapital 2023-06-30 05735790 core:ShareCapital 2022-06-30 05735790 core:RetainedEarningsAccumulatedLosses 2023-06-30 05735790 core:RetainedEarningsAccumulatedLosses 2022-06-30 05735790 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-06-30 05735790 core:FurnitureFittings 2022-06-30 05735790 bus:SmallEntities 2022-07-01 2023-06-30 05735790 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05735790 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05735790 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05735790 bus:FullAccounts 2022-07-01 2023-06-30 05735790 core:OfficeEquipment 2022-07-01 2023-06-30 05735790 core:OfficeEquipment 2023-06-30 05735790 core:OfficeEquipment 2022-06-30
COMPANY REGISTRATION NUMBER: 05735790
SJS TAX LIMITED
Filleted Unaudited Financial Statements
30 June 2023
SJS TAX LIMITED
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
27
35
Tangible assets
6
769
1,024
----
-------
796
1,059
Current assets
Debtors
7
3,865
Cash at bank and in hand
1,263
5,423
-------
-------
1,263
9,288
Creditors: amounts falling due within one year
8
89,969
77,028
--------
--------
Net current liabilities
88,706
67,740
--------
--------
Total assets less current liabilities
( 87,910)
( 66,681)
--------
--------
Net liabilities
( 87,910)
( 66,681)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 88,010)
( 66,781)
--------
--------
Shareholders deficit
( 87,910)
( 66,681)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SJS TAX LIMITED
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 11 March 2024 , and are signed on behalf of the board by:
Mr S J Saady
Director
Company registration number: 05735790
SJS TAX LIMITED
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 2 Aston Court, 44 Edgwarebury Lane, London, HA8 8LW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably .
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website costs
-
25% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Intangible assets
Website cost
£
Cost
At 1 July 2022 and 30 June 2023
1,582
-------
Amortisation
At 1 July 2022
1,547
Charge for the year
8
-------
At 30 June 2023
1,555
-------
Carrying amount
At 30 June 2023
27
-------
At 30 June 2022
35
-------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
3,587
6,926
10,513
-------
-------
--------
Depreciation
At 1 July 2022
3,544
5,945
9,489
Charge for the year
10
245
255
-------
-------
--------
At 30 June 2023
3,554
6,190
9,744
-------
-------
--------
Carrying amount
At 30 June 2023
33
736
769
-------
-------
--------
At 30 June 2022
43
981
1,024
-------
-------
--------
7. Debtors
2023
2022
£
£
Trade debtors
3,865
----
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
1,765
1,477
Other creditors
88,204
75,551
--------
--------
89,969
77,028
--------
--------
9. Related party transactions
The company was under the control of Mr S Saady throughout the current and previous year. Mr S Saady is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities (effective April 2008).