Silverfin false false 30/06/2024 01/07/2023 30/06/2024 C M Brennan 16/06/2016 J S Brennan 16/06/2016 19 September 2024 The principal activity of SJB (South East) Limited "the Company" is that of specialist carpentry. 10234805 2024-06-30 10234805 bus:Director1 2024-06-30 10234805 bus:Director2 2024-06-30 10234805 2023-06-30 10234805 core:CurrentFinancialInstruments 2024-06-30 10234805 core:CurrentFinancialInstruments 2023-06-30 10234805 core:Non-currentFinancialInstruments 2024-06-30 10234805 core:Non-currentFinancialInstruments 2023-06-30 10234805 core:ShareCapital 2024-06-30 10234805 core:ShareCapital 2023-06-30 10234805 core:RetainedEarningsAccumulatedLosses 2024-06-30 10234805 core:RetainedEarningsAccumulatedLosses 2023-06-30 10234805 core:OtherPropertyPlantEquipment 2023-06-30 10234805 core:OtherPropertyPlantEquipment 2024-06-30 10234805 core:CurrentFinancialInstruments 10 2024-06-30 10234805 core:CurrentFinancialInstruments 10 2023-06-30 10234805 2022-06-30 10234805 bus:OrdinaryShareClass1 2024-06-30 10234805 bus:OrdinaryShareClass2 2024-06-30 10234805 bus:OrdinaryShareClass3 2024-06-30 10234805 2023-07-01 2024-06-30 10234805 bus:FilletedAccounts 2023-07-01 2024-06-30 10234805 bus:SmallEntities 2023-07-01 2024-06-30 10234805 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10234805 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10234805 bus:Director1 2023-07-01 2024-06-30 10234805 bus:Director2 2023-07-01 2024-06-30 10234805 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 10234805 2022-07-01 2023-06-30 10234805 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 10234805 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10234805 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 10234805 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 10234805 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 10234805 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 10234805 bus:OrdinaryShareClass3 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10234805 (England and Wales)

SJB (SOUTH EAST) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

SJB (SOUTH EAST) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

SJB (SOUTH EAST) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
SJB (SOUTH EAST) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,149 2,866
2,149 2,866
Current assets
Debtors 4 26,600 23,095
Cash at bank and in hand 203 6,030
26,803 29,125
Creditors: amounts falling due within one year 5 ( 39,672) ( 39,544)
Net current liabilities (12,869) (10,419)
Total assets less current liabilities (10,720) (7,553)
Creditors: amounts falling due after more than one year 6 ( 19,683) ( 22,622)
Provision for liabilities 7 ( 537) ( 717)
Net liabilities ( 30,940) ( 30,892)
Capital and reserves
Called-up share capital 8 300 300
Profit and loss account ( 31,240 ) ( 31,192 )
Total shareholders' deficit ( 30,940) ( 30,892)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of SJB (South East) Limited (registered number: 10234805) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J S Brennan
Director

19 September 2024

SJB (SOUTH EAST) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SJB (SOUTH EAST) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SJB (South East) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

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

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 21,476 21,476
At 30 June 2024 21,476 21,476
Accumulated depreciation
At 01 July 2023 18,610 18,610
Charge for the financial year 717 717
At 30 June 2024 19,327 19,327
Net book value
At 30 June 2024 2,149 2,149
At 30 June 2023 2,866 2,866

4. Debtors

2024 2023
£ £
Other taxation and social security 0 495
Other debtors 26,600 22,600
26,600 23,095

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 2,938 2,826
Other taxation and social security 256 242
Other creditors 36,478 36,476
39,672 39,544

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 19,683 22,622

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 717) ( 1,274)
Credited to the Statement of Income and Retained Earnings 180 557
At the end of financial year ( 537) ( 717)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
300 300