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Registered number: 08286759
S&J Enterprises(Wales) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Ton Media Cyf
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08286759
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 92,498 77,498
Tangible Assets 5 195,342 265,658
287,840 343,156
CURRENT ASSETS
Stocks 6 46,680 19,050
Debtors 7 3,442 2,567
Cash at bank and in hand 200,763 56,463
250,885 78,080
Creditors: Amounts Falling Due Within One Year 8 (442,233 ) (316,880 )
NET CURRENT ASSETS (LIABILITIES) (191,348 ) (238,800 )
TOTAL ASSETS LESS CURRENT LIABILITIES 96,492 104,356
Creditors: Amounts Falling Due After More Than One Year 9 (25,099 ) (35,119 )
NET ASSETS 71,393 69,237
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 71,392 69,236
SHAREHOLDERS' FUNDS 71,393 69,237
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Salamaan Rasul
Director
16/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S&J Enterprises(Wales) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08286759 . The registered office is Pizzahut Port Talbot, 2 Station Road, Port Talbot, SA13 1JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the benefit of the Transfer Deed.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements 5% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 76 (2022: 50)
76 50
Page 3
Page 4
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 62,498 15,000 77,498
Additions 15,000 - 15,000
As at 31 December 2023 77,498 15,000 92,498
Net Book Value
As at 31 December 2023 77,498 15,000 92,498
As at 1 January 2023 62,498 15,000 77,498
5. Tangible Assets
Land & Property
Improvements Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 87,384 10,806 592,518 690,708
Additions - 23,530 34,506 58,036
Disposals - (10,806 ) - (10,806 )
As at 31 December 2023 87,384 23,530 627,024 737,938
Depreciation
As at 1 January 2023 28,572 8,556 387,922 425,050
Provided during the period 4,369 6,445 115,850 126,664
Disposals - (9,118 ) - (9,118 )
As at 31 December 2023 32,941 5,883 503,772 542,596
Net Book Value
As at 31 December 2023 54,443 17,647 123,252 195,342
As at 1 January 2023 58,812 2,250 204,596 265,658
6. Stocks
2023 2022
£ £
Finished goods 46,680 19,050
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 3,442 2,567
3,442 2,567
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 88,466 87,692
Other taxes and social security 12,665 2,962
VAT 91,937 56,186
Pension creditor (845 ) (1,598 )
Attachment of earning creditor 403 403
Accruals and deferred income 10,114 9,683
Director's loan account 239,493 161,552
442,233 316,880
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bounceback loan 25,099 35,119
25,099 35,119
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5