Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-09-01falsefalseNo description of principal activity65falsetrue 08652662 2022-09-01 2023-08-31 08652662 2021-09-01 2022-08-31 08652662 2023-08-31 08652662 2022-08-31 08652662 c:Director1 2022-09-01 2023-08-31 08652662 d:FurnitureFittings 2023-08-31 08652662 d:FurnitureFittings 2022-08-31 08652662 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08652662 d:OfficeEquipment 2022-09-01 2023-08-31 08652662 d:CurrentFinancialInstruments 2023-08-31 08652662 d:CurrentFinancialInstruments 2022-08-31 08652662 d:Non-currentFinancialInstruments 2023-08-31 08652662 d:Non-currentFinancialInstruments 2022-08-31 08652662 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08652662 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08652662 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08652662 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 08652662 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08652662 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 08652662 d:ShareCapital 2023-08-31 08652662 d:ShareCapital 2022-08-31 08652662 d:SharePremium 2023-08-31 08652662 d:SharePremium 2022-08-31 08652662 d:RetainedEarningsAccumulatedLosses 2023-08-31 08652662 d:RetainedEarningsAccumulatedLosses 2022-08-31 08652662 c:FRS102 2022-09-01 2023-08-31 08652662 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08652662 c:FullAccounts 2022-09-01 2023-08-31 08652662 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08652662 2 2022-09-01 2023-08-31 08652662 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 08652662









SJ WOMENSWEAR LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
SJ WOMENSWEAR LIMITED
REGISTERED NUMBER: 08652662

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
169
337

  
169
337

Current assets
  

Stocks
  
35,000
35,000

Debtors: amounts falling due within one year
 5 
7,279
7,279

Cash at bank and in hand
 6 
214,182
155,124

  
256,461
197,403

Creditors: amounts falling due within one year
 7 
(81,258)
(69,548)

Net current assets
  
 
 
175,203
 
 
127,855

Total assets less current liabilities
  
175,372
128,192

Creditors: amounts falling due after more than one year
 8 
(37,964)
(42,152)

  

Net assets
  
137,408
86,040


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
29,980
29,980

Profit and loss account
  
107,328
55,960

  
137,408
86,040


Page 1

 
SJ WOMENSWEAR LIMITED
REGISTERED NUMBER: 08652662
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

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 her 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 Worboys
Director

Date: 29 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SJ WOMENSWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

SJ Womenswear Limited is a private company limited by shares. The company is registered in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The company registration number is 08652662.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SJ WOMENSWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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 balance sheet 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
on a reducing balance basis

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
SJ WOMENSWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 5).

Page 5

 
SJ WOMENSWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2022
18,808



At 31 August 2023

18,808



Depreciation


At 1 September 2022
18,471


Charge for the year on owned assets
168



At 31 August 2023

18,639



Net book value



At 31 August 2023
169



At 31 August 2022
337


5.


Debtors

2023
2022
£
£


Other debtors
7,279
7,279

7,279
7,279



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
214,182
155,124

214,182
155,124


Page 6

 
SJ WOMENSWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,888
7,044

Corporation tax
51,077
38,047

Other taxation and social security
6,545
12,766

Other creditors
5,998
7,941

Accruals and deferred income
3,750
3,750

81,258
69,548



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
37,964
42,152

37,964
42,152



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due after more than one year

Bank loans
37,963
42,151


37,963
42,151



37,963
42,151



10.


Pension commitments

The company operated a defined contributitions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £463 (2022:480)

Page 7

 
SJ WOMENSWEAR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

11.


Related party transactions

Included in other debtors is £7,279 (2022: £7,279) owed to SJ Womenswear Events Ltd, a Company under common control. This loan is interest free and repayable on demand. 

 
Page 8