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Company registration number: 07193647







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


SJ BEALING LIMITED






































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SJ BEALING LIMITED
 


 
COMPANY INFORMATION


Director
S. J. Bealing 




Registered number
07193647



Registered office
Chancery House
41a Hanger Hill

Weybridge

Surrey

KT13 9XZ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP




Bankers
Barclays Bank Plc
34-36 Victoria Road

Farnborough

Hants

GU14 7YJ





 


SJ BEALING LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 


SJ BEALING LIMITED
REGISTERED NUMBER:07193647



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
74,183
72,693

Cash at bank and in hand
  
21
1,438

  
74,204
74,131

Creditors: amounts falling due within one year
 6 
(57,100)
(74,703)

Net current assets/(liabilities)
  
 
 
17,104
 
 
(572)

Total assets less current liabilities
  
17,104
(572)

Creditors: amounts falling due after more than one year
 7 
(14,785)
(17,753)

  

Net assets/(liabilities)
  
2,319
(18,325)


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
(2,681)
(23,325)

  
2,319
(18,325)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

S. J. Bealing
Director
Date: 19 August 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


SJ BEALING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

S J Bealing Limited  is a private company limited by shares incorporated in England and Wales. The address of the principal place of business and the registered office is given on the company information page.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 30 April 2024, the company shows a net asset total of £2,319 (2023: £18,325 net liabilities). With the ongoing support from the director, the company will be in a position to meet its liabilities in full as and when they fall due.

  
2.3

Turnover

The turnover shown in the profit and loss account represents amounts receivable from the provision of consultancy services and income generated from commercial financing. 

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 2

 


SJ BEALING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all
of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 


SJ BEALING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
6,519



At 30 April 2024

6,519



Depreciation


At 1 May 2023
6,519



At 30 April 2024

6,519



Net book value



At 30 April 2024
-



At 30 April 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
55,504
54,080

Prepayments and accrued income
654
530

Tax recoverable
18,025
18,083

74,183
72,693


Page 4

 


SJ BEALING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
28,825
36,876

Corporation tax
17,335
25,643

Other taxation and social security
-
184

Bank loan
8,200
9,400

Accruals and deferred income
2,740
2,600

57,100
74,703


The loan amount of £8,200, included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS)
by the UK Government.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
14,785
17,753

14,785
17,753


The loan amount of £14,785, included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS)
by the UK Government.


8.


Related party transactions

Included within current assets are the following advances and credits which subsisted during the year ended 30 April 2023 and 30 April 2022.

2024
2023
£
£
Balance outstanding at the start of year

54,081

63,195
 
Amounts advanced

29,451

75,194
 
Amounts repaid

(28,028)

(84,308)
 
55,504

54,081
 

 
Page 5