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REGISTERED NUMBER: 04472451 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

S J Engineering Limited

S J Engineering Limited (Registered number: 04472451)






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


S J Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S J Burrows





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 04472451 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

S J Engineering Limited (Registered number: 04472451)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,912 3,554

CURRENT ASSETS
Stocks 1,100 1,679
Debtors 5 83,893 85,866
Cash at bank 43,244 45,058
128,237 132,603
CREDITORS
Amounts falling due within one year 6 39,965 56,679
NET CURRENT ASSETS 88,272 75,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,184

79,478

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,084 79,378
SHAREHOLDERS' FUNDS 93,184 79,478

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 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 Engineering Limited (Registered number: 04472451)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





S J Burrows - Director


S J Engineering Limited (Registered number: 04472451)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

S J Engineering Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Equipment - 25% Reducing Balance.
Motor Vehicle - 25% Reducing Balance.

Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

S J Engineering Limited (Registered number: 04472451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 16,921 - 16,921
Additions - 2,995 2,995
At 31 December 2023 16,921 2,995 19,916
DEPRECIATION
At 1 January 2023 13,367 - 13,367
Charge for year 888 749 1,637
At 31 December 2023 14,255 749 15,004
NET BOOK VALUE
At 31 December 2023 2,666 2,246 4,912
At 31 December 2022 3,554 - 3,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 18,960 5,651
Other debtors 28,305 43,657
Loan to Silverstream Eng Ltd 36,628 36,558
83,893 85,866

S J Engineering Limited (Registered number: 04472451)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,088 10,725
Tax 11,985 15,898
Social security and other taxes - 15
Other creditors 18,892 30,041
39,965 56,679

7. TRANSACTIONS WITH THE DIRECTOR

S J Burrows is also a director of Silverstream Engineering Limited which has been loaned £36,628 (2022 : £36,558). The loan is interest free and repayable on demand.

At 31st December 2023 the director was owed £16,697 (2022 : £28,643).