Company registration number 09579697 (England and Wales)
SJA RENTALS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SJA RENTALS LIMITED
COMPANY INFORMATION
Directors
Mrs C E Jones
Mr S R M Jones
Company number
09579697
Registered office
The Old Post Office
Dorking Road
TADWORTH
Surrey
KT20 5SA
Accountants
ECIT Accountants Limited
Palmerston House
814 Brighton Road
Purley
Surrey
CR8 2BR
SJA RENTALS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
SJA RENTALS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
1,082,550
531,851
Investments
4
250,700
250,700
1,333,250
782,551
Current assets
Trade and other receivables
5
28,784
38,463
Cash and cash equivalents
83,053
257,353
111,837
295,816
Current liabilities
6
(763,771)
(487,428)
Net current liabilities
(651,934)
(191,612)
Total assets less current liabilities
681,316
590,939
Provisions for liabilities
(1,507)
(3,915)
Net assets
679,809
587,024
Equity
Called up share capital
100
100
Retained earnings
679,709
586,924
Total equity
679,809
587,024

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 16 September 2024 and are signed on its behalf by:
Mr S R M Jones
Director
Company registration number 09579697 (England and Wales)
SJA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

SJA Rentals Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Post Office, Dorking Road, TADWORTH, Surrey, KT20 5SA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Land and buildings Leasehold
nil
Plant and machinery
33% straight line
Motor vehicles
33% straight line
1.4
Non-current investments

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Impairment of non-current assets

Where a reasonable and consistent basis of allocation can be identified, assets are allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

SJA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation
Current tax

The tax expense represents the sum of the tax currently payable and deferred tax.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
SJA RENTALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
3
Property, plant and equipment
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
516,192
29,443
545,635
Additions
560,329
-
0
560,329
At 31 December 2023
1,076,521
29,443
1,105,964
Depreciation and impairment
At 1 January 2023
-
0
13,784
13,784
Depreciation charged in the year
-
0
9,630
9,630
At 31 December 2023
-
0
23,414
23,414
Carrying amount
At 31 December 2023
1,076,521
6,029
1,082,550
At 31 December 2022
516,192
15,659
531,851
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
700
700
Loans
250,000
250,000
250,700
250,700
5
Trade and other receivables
2023
2022
Amounts falling due within one year:
£
£
Other receivables
28,784
38,463
6
Current liabilities
2023
2022
£
£
Corporation tax
1,153
-
0
Other payables
762,618
487,428
763,771
487,428
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