Silverfin false 31/05/2023 01/06/2022 31/05/2023 Mr M J Sheppard 18/05/2012 02 February 2024 The principal activity of the Company during the financial year was that of hydrographic surveying. 08075060 2023-05-31 08075060 bus:Director1 2023-05-31 08075060 2022-05-31 08075060 core:CurrentFinancialInstruments 2023-05-31 08075060 core:CurrentFinancialInstruments 2022-05-31 08075060 core:Non-currentFinancialInstruments 2023-05-31 08075060 core:Non-currentFinancialInstruments 2022-05-31 08075060 core:ShareCapital 2023-05-31 08075060 core:ShareCapital 2022-05-31 08075060 core:RetainedEarningsAccumulatedLosses 2023-05-31 08075060 core:RetainedEarningsAccumulatedLosses 2022-05-31 08075060 core:Vehicles 2022-05-31 08075060 core:OfficeEquipment 2022-05-31 08075060 core:Vehicles 2023-05-31 08075060 core:OfficeEquipment 2023-05-31 08075060 bus:OrdinaryShareClass1 2023-05-31 08075060 2022-06-01 2023-05-31 08075060 bus:FullAccounts 2022-06-01 2023-05-31 08075060 bus:SmallEntities 2022-06-01 2023-05-31 08075060 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08075060 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08075060 bus:Director1 2022-06-01 2023-05-31 08075060 core:Vehicles 2022-06-01 2023-05-31 08075060 core:OfficeEquipment 2022-06-01 2023-05-31 08075060 2021-06-01 2022-05-31 08075060 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 08075060 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08075060 (England and Wales)

SRJD ENTERPRISES LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

SRJD ENTERPRISES LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

SRJD ENTERPRISES LIMITED

BALANCE SHEET

As at 31 May 2023
SRJD ENTERPRISES LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 46,837 40,594
46,837 40,594
Current assets
Debtors 4 18,354 23,538
Cash at bank and in hand 12,422 32,418
30,776 55,956
Creditors: amounts falling due within one year 5 ( 19,458) ( 28,588)
Net current assets 11,318 27,368
Total assets less current liabilities 58,155 67,962
Creditors: amounts falling due after more than one year 6 0 ( 5,607)
Provision for liabilities ( 11,709) ( 7,713)
Net assets 46,446 54,642
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 46,445 54,641
Total shareholder's funds 46,446 54,642

For the financial year ending 31 May 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 financial statements of SRJD Enterprises Limited (registered number: 08075060) were approved and authorised for issue by the Director on 02 February 2024. They were signed on its behalf by:

Mr M J Sheppard
Director
SRJD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
SRJD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SRJD Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is 6 Hiscot Court, Swindon, Wiltshire, SN25 2ER.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 2

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 June 2022 38,155 55,023 93,178
Additions 0 19,148 19,148
At 31 May 2023 38,155 74,171 112,326
Accumulated depreciation
At 01 June 2022 23,735 28,849 52,584
Charge for the financial year 3,605 9,300 12,905
At 31 May 2023 27,340 38,149 65,489
Net book value
At 31 May 2023 10,815 36,022 46,837
At 31 May 2022 14,420 26,174 40,594

4. Debtors

2023 2022
£ £
Trade debtors 9,324 9,990
Other debtors 9,030 13,548
18,354 23,538

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 11,223 18,774
Obligations under finance leases and hire purchase contracts 5,607 8,111
Other creditors 2,628 1,703
19,458 28,588

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 0 5,607

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1