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REGISTERED NUMBER: 12963592 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

S J ELECTRICAL LONDON LTD

S J ELECTRICAL LONDON LTD (REGISTERED NUMBER: 12963592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S J ELECTRICAL LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr S J Reid





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 12963592 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

S J ELECTRICAL LONDON LTD (REGISTERED NUMBER: 12963592)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,103 11,767

CURRENT ASSETS
Inventories 3,682 3,786
Debtors 5 29,813 18,657
Cash at bank 6,947 4,478
40,442 26,921
CREDITORS
Amounts falling due within one year 6 27,431 16,780
NET CURRENT ASSETS 13,011 10,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,114

21,908

CREDITORS
Amounts falling due after more than one
year

7

18,040

10,624
NET ASSETS 4,074 11,284

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 4,073 11,283
SHAREHOLDERS' FUNDS 4,074 11,284

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S J ELECTRICAL LONDON LTD (REGISTERED NUMBER: 12963592)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr S J Reid - Director


S J ELECTRICAL LONDON LTD (REGISTERED NUMBER: 12963592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

S J Electrical London 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided.This is stated after trade discounts 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

S J ELECTRICAL LONDON LTD (REGISTERED NUMBER: 12963592)

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


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 20,920 - 20,920
Additions - 369 369
At 31 October 2023 20,920 369 21,289
DEPRECIATION
At 1 November 2022 9,153 - 9,153
Charge for year 2,941 92 3,033
At 31 October 2023 12,094 92 12,186
NET BOOK VALUE
At 31 October 2023 8,826 277 9,103
At 31 October 2022 11,767 - 11,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 18,708 14,552
Tax 10,540 4,105
VAT 565 -
29,813 18,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 3,600 10,464
Hire purchase contracts 1,035 1,035
Trade creditors 1,728 -
Tax 10,273 3,489
Net wages 1,922 -
Other creditors 8,009 -
Directors' current accounts - 208
Accrued expenses 864 1,584
27,431 16,780

S J ELECTRICAL LONDON LTD (REGISTERED NUMBER: 12963592)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 16,917 8,465
Hire purchase contracts 1,123 2,159
18,040 10,624

8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 6,864
Bank loans 3,600 3,600
3,600 10,464

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,600 3,600

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,317 4,865

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1