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Registration number: 12264809

SMJD LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

SMJD LIMITED

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

SMJD LIMITED

(Registration number: 12264809)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

404,043

412,330

Current assets

 

Debtors

6

1,293

36,660

Cash at bank and in hand

 

37,866

10,590

 

39,159

47,250

Creditors: Amounts falling due within one year

7

(3,419)

(2,054)

Net current assets

 

35,740

45,196

Total assets less current liabilities

 

439,783

457,526

Creditors: Amounts falling due after more than one year

7

(248,675)

(248,675)

Provisions for liabilities

(6)

(1,580)

Net assets

 

191,102

207,271

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

191,100

207,269

Shareholders' funds

 

191,102

207,271

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 March 2024
 

 

SMJD LIMITED

(Registration number: 12264809)
Balance Sheet as at 30 June 2023

.........................................
Mr J A Dempster
Director

 

SMJD LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 28 March 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

SMJD LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment property

No depreciation

Fixtures & Fittings

Straight line 33.33%

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

SMJD LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

8,286

9,631

 

SMJD LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

404,012

28,895

432,907

At 30 June 2023

404,012

28,895

432,907

Depreciation

At 1 July 2022

-

20,577

20,577

Charge for the year

-

8,287

8,287

At 30 June 2023

-

28,864

28,864

Carrying amount

At 30 June 2023

404,012

31

404,043

At 30 June 2022

404,012

8,318

412,330

6

Debtors

Current

2023
£

2022
£

Prepayments

1,293

1,482

Other debtors

-

35,178

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Directors Loans

9

1,014

-

trade creditors

 

84

453

Other creditors

 

2,321

1,601

 

3,419

2,054

 

SMJD LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

248,675

248,675

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £0.01 each

100

1

100

1

Ordinary A Shares of £0.01 each

50

1

50

1

Ordinary B Shares of £0.01 each

50

1

50

1

 

200

2

200

2

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

248,675

248,675

2023
£

2022
£

Current loans and borrowings

Other borrowings

1,014

-