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REGISTERED NUMBER: 10130532 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

SJP Mechanical Services Ltd

SJP Mechanical Services Ltd (Registered number: 10130532)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SJP Mechanical Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Sammy Primett
S J Primett





REGISTERED OFFICE: 2 Beacon End Courtyard
London Road
Stanway
Colchester
Essex
CO3 0NU





REGISTERED NUMBER: 10130532 (England and Wales)





ACCOUNTANTS: Passmore Weeks & Richardson
A Xeinadin Company
4 - 8 The Centre
Lakes Industrial Park
Braintree
Essex
CM7 3RU

SJP Mechanical Services Ltd (Registered number: 10130532)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 217,494 222,615

CURRENT ASSETS
Stocks 737,125 491,608
Debtors 5 1,627,146 1,509,524
Cash at bank 2,205,886 2,451,406
4,570,157 4,452,538
CREDITORS
Amounts falling due within one year 6 1,155,262 1,495,904
NET CURRENT ASSETS 3,414,895 2,956,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,632,389

3,179,249

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 3,632,189 3,179,049
3,632,389 3,179,249

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 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.

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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





S J Primett - Director


SJP Mechanical Services Ltd (Registered number: 10130532)

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

1. STATUTORY INFORMATION

SJP Mechanical Services Ltd 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 etc - 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 15 (2023 - 15 ) .

SJP Mechanical Services Ltd (Registered number: 10130532)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 432,848
Additions 133,206
Disposals (141,011 )
At 31 March 2024 425,043
DEPRECIATION
At 1 April 2023 210,233
Charge for year 71,148
Eliminated on disposal (73,832 )
At 31 March 2024 207,549
NET BOOK VALUE
At 31 March 2024 217,494
At 31 March 2023 222,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 766,887 655,891
Other debtors 860,259 853,633
1,627,146 1,509,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 22,500 32,500
Hire purchase contracts 3,585 12,302
Trade creditors 453,471 630,860
Taxation and social security 654,523 809,528
Other creditors 21,183 10,714
1,155,262 1,495,904