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COMPANY REGISTRATION NUMBER: 10247423
SJN PROJECT SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2023
SJN PROJECT SERVICES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
SJN PROJECT SERVICES LIMITED
BALANCE SHEET
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1
1
Current assets
Debtors
6
47,906
35,392
Cash at bank and in hand
641
6,924
------------
------------
48,547
42,316
Creditors: amounts falling due within one year
7
( 39,225)
( 29,476)
------------
------------
Net current assets
9,322
12,840
------------
------------
Total assets less current liabilities
9,323
12,841
Creditors: amounts falling due after more than one year
8
( 8,434)
( 12,833)
------------
------------
Net assets
889
8
------------
------------
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
888
7
------------
------------
Shareholders funds
889
8
------------
------------
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 profit and loss account 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 .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
Mr S J Needler
Director
Company registration number: 10247423
SJN PROJECT SERVICES 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 30 Middlehowe Green, Walkington, Beverley, East Yorkshire, HU17 8TE.
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. 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Computer equipment
£
Cost
At 1 July 2022 and 30 June 2023
2,463
------------
Depreciation
At 1 July 2022 and 30 June 2023
2,462
------------
Carrying amount
At 30 June 2023
1
------------
At 30 June 2022
1
------------
6. Debtors
2023
2022
£
£
Trade debtors
9,861
11,721
Director's loan account
28,744
17,775
Other debtors
9,301
5,896
------------
------------
47,906
35,392
------------
------------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
9,301
5,896
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,400
4,400
Corporation tax
28,401
18,543
Social security and other taxes
6,424
6,533
------------
------------
39,225
29,476
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,434
12,833
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
------------
------------
------------
------------
10. Director's advances, credits and guarantees
Included in debtors is a loan to the director, amounting to : £ Amount outstanding at end of the year 27,863 Amount outstanding at beginning of the year 17,775 Maximum outstanding during the year 27,863 Interest of £515 (2022: £419) is charged on this loan at H M Revenue and Customs official rate of interest of 2.25%.
11. Related party transactions
The company is controlled by the directors.