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REGISTERED NUMBER: 01646933 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SJT ELECTRICAL SUPPLIES LIMITED

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJT ELECTRICAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Tappin
Mr C J Hall
Mr C J Walton





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 01646933 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,429 2,089

CURRENT ASSETS
Stocks 5 865,987 962,355
Debtors 6 3,174,689 2,354,171
Cash at bank 348,884 346,346
4,389,560 3,662,872
CREDITORS
Amounts falling due within one year 7 1,139,169 923,990
NET CURRENT ASSETS 3,250,391 2,738,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,251,820

2,740,971

PROVISIONS FOR LIABILITIES 8 272 397
NET ASSETS 3,251,548 2,740,574

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 3,251,438 2,740,464
SHAREHOLDERS' FUNDS 3,251,548 2,740,574

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

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

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

BALANCE SHEET - continued
31 DECEMBER 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




Mr C J Hall - Director



Mr C J Walton - Director


SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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


1. STATUTORY INFORMATION

SJT Electrical Supplies Limited 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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 Profit & Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 6,271 4,425 10,696
DEPRECIATION
At 1 January 2023 4,903 3,704 8,607
Charge for year 205 455 660
At 31 December 2023 5,108 4,159 9,267
NET BOOK VALUE
At 31 December 2023 1,163 266 1,429
At 31 December 2022 1,368 721 2,089

5. STOCKS
2023 2022
£ £
Stocks 865,987 962,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 733,788 738,472
Directors' current accounts 1,829,766 1,212,792
S455 tax recoverable 608,235 400,007
Prepayments 2,900 2,900
3,174,689 2,354,171

Interest has been charged on the overdrawn director's loan account at the market rate.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 250,440 334,153
Tax 778,913 522,016
VAT 35,767 13,678
Directors' current accounts 71,895 48,139
Accruals and deferred income 2,154 6,004
1,139,169 923,990

SJT ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 01646933)

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


8. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 272 397

Deferred tax
£
Balance at 1 January 2023 397
Provided during year (125 )
Balance at 31 December 2023 272

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100
10 Ordinary A £1 10 10
110 110

10. RELATED PARTY DISCLOSURES

During the year, the company sold goods totalling £236,649 to CC Electrical Supplies Limited, a company under common control of the directors. The company purchased goods totalling £162,024 from CC Electrical Supplies Limited. These transactions have been undertaken at the market rate.

At the balance sheet date, the company was owed £37,384 from CC Electrical Supplies Limited, which is included within trade debtors.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. Mr C Hall and Mr C Walton between them hold the shares in equal proportions.