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REGISTERED NUMBER: 07148005 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

S J Electrical (South) Limited

S J Electrical (South) Limited (Registered number: 07148005)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S J Electrical (South) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S L Igglesden





REGISTERED OFFICE: The Moorings
7 Passage Lane
Warsash
Southampton
Hampshire
SO31 9FW





REGISTERED NUMBER: 07148005 (England and Wales)





ACCOUNTANTS: Add-Vanced Bookkeeping Services Ltd
9 Cross Lee Road
Todmorden
West Yorkshire
OL14 8EH

S J Electrical (South) Limited (Registered number: 07148005)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,751 2,436

CURRENT ASSETS
Stocks 2,000 20,000
Debtors 5 64,029 17,215
Cash at bank 123,332 8,545
189,361 45,760
CREDITORS
Amounts falling due within one year 6 109,767 13,337
NET CURRENT ASSETS 79,594 32,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,345

34,859

CREDITORS
Amounts falling due after more than one
year

7

26,613

36,459
NET ASSETS/(LIABILITIES) 58,732 (1,600 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 58,731 (1,601 )
SHAREHOLDERS' FUNDS 58,732 (1,600 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Electrical (South) Limited (Registered number: 07148005)

Balance Sheet - continued
31 March 2024


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 2 September 2024 and were signed by:





S L Igglesden - Director


S J Electrical (South) Limited (Registered number: 07148005)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

S J Electrical (South) 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.
Plant and machinery - 25% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

S J Electrical (South) Limited (Registered number: 07148005)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 10,156 5,884 8,757 40,443 65,240
Additions - 491 4,304 - 4,795
At 31 March 2024 10,156 6,375 13,061 40,443 70,035
DEPRECIATION
At 1 April 2023 10,156 4,009 8,196 40,443 62,804
Charge for year - 123 1,357 - 1,480
At 31 March 2024 10,156 4,132 9,553 40,443 64,284
NET BOOK VALUE
At 31 March 2024 - 2,243 3,508 - 5,751
At 31 March 2023 - 1,875 561 - 2,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 43,539 13,774
VAT 19,221 1,989
Prepayments and accrued income 1,269 1,452
64,029 17,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,369 1,286
Trade creditors 75,045 1,899
Tax 29,873 9,150
CIS Tax Due 2,580 202
Accrued expenses 900 800
109,767 13,337

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 26,613 36,459

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,613 36,459

S J Electrical (South) Limited (Registered number: 07148005)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is S L Igglesden.