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REGISTERED NUMBER: 08623380 (England and Wales)















SJC PROJECTS & SERVICES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






SJC PROJECTS & SERVICES LTD (REGISTERED NUMBER: 08623380)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJC PROJECTS & SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: S N Jones
S L Jones





REGISTERED OFFICE: Culmhead
St. Lukes Road
Pontnewynydd
Pontypool
Torfaen
NP4 6SY





REGISTERED NUMBER: 08623380 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

SJC PROJECTS & SERVICES LTD (REGISTERED NUMBER: 08623380)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,851 7,314

CURRENT ASSETS
Debtors 5 466 1,305
Cash at bank 1,586 6,718
2,052 8,023
CREDITORS
Amounts falling due within one year 6 13,404 10,370
NET CURRENT LIABILITIES (11,352 ) (2,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,501

)

4,967

PROVISIONS FOR LIABILITIES 1,522 1,522
NET (LIABILITIES)/ASSETS (7,023 ) 3,445

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (7,123 ) 3,345
SHAREHOLDERS' FUNDS (7,023 ) 3,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

SJC PROJECTS & SERVICES LTD (REGISTERED NUMBER: 08623380)

BALANCE SHEET - continued
31ST JULY 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th April 2024 and were signed on its behalf by:





S N Jones - Director


SJC PROJECTS & SERVICES LTD (REGISTERED NUMBER: 08623380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

SJC Projects & Services Ltd 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

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.

SJC PROJECTS & SERVICES LTD (REGISTERED NUMBER: 08623380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 8,238 16,570 24,808
DEPRECIATION
At 1st August 2022 6,810 10,684 17,494
Charge for year 286 1,177 1,463
At 31st July 2023 7,096 11,861 18,957
NET BOOK VALUE
At 31st July 2023 1,142 4,709 5,851
At 31st July 2022 1,428 5,886 7,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 466 1,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,093 -
Corporation Tax - (287 )
Other creditors 3,340 4,582
Directors' current accounts 6,332 1,681
Accruals and deferred income 2,639 4,394
13,404 10,370

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

SJC PROJECTS & SERVICES LTD (REGISTERED NUMBER: 08623380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

8. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to S N Jones of £6,332 (2022- £1,681).

9. GOING CONCERN

After reviewing the company's forecast and projection, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.