Registered number
12524309
SJS Maintenance and Repairs Limited
Filleted Accounts
31 March 2024
SJS Maintenance and Repairs Limited
Registered number: 12524309
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,000 7,000
Tangible assets 4 15,535 17,256
21,535 24,256
Current assets
Stocks - 350
Debtors 5 1,292 972
Cash at bank and in hand 3,320 1,507
4,612 2,829
Creditors: amounts falling due within one year 6 (29,676) (30,571)
Net current liabilities (25,064) (27,742)
Total assets less current liabilities (3,529) (3,486)
Provisions for liabilities (2,490) (2,184)
Net liabilities (6,019) (5,670)
Capital and reserves
Called up share capital 10 10
Profit and loss account (6,029) (5,680)
Shareholders' funds (6,019) (5,670)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies' regime. The statement of income and retained earnings has not been delivered to the Registrar of Companies.
……………………………………
J Lawrence
Director
Approved by the board on 15 July 2024
SJS Maintenance and Repairs Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
The principal accounting policies adopted in the preparation of the accounts are set out below; they have remained unchanged from the previous period and have been consistently applied:
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland, Section 1A (small entities). There have been no material departures from that standard.
Fundamental accounting concept
The financial statements have been prepared under the going concern concept because the directors have agreed to provide adequate funds to ensure the company is able to meet its liabilities.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulated amortisation and impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on reducing balance
Motor vehicles 10% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the 'first in first out' method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3.00 3.00
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 3,000
Provided during the year 1,000
At 31 March 2024 4,000
Net book value
At 31 March 2024 6,000
At 31 March 2023 7,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2023 9,198 12,600 21,798
At 31 March 2024 9,198 12,600 21,798
Depreciation
At 1 April 2023 2,061 2,481 4,542
Charge for the year 709 1,012 1,721
At 31 March 2024 2,770 3,493 6,263
Net book value
At 31 March 2024 6,428 9,107 15,535
At 31 March 2023 7,137 10,119 17,256
5 Debtors 2024 2023
£ £
Trade debtors 412 -
Other debtors 880 972
1,292 972
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 122 1,177
Taxation and social security costs (17) (17)
Other creditors 29,571 29,411
29,676 30,571
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 21,908
8 Other information
SJS Maintenance and Repairs Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Ralls House, Parklands Business Park, Forest Road, Denmead, Waterlooville, Hants, PO7 6XP.
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