S J Industries Limited |
Registered number: |
05189730 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
|
|
|
2,872,600 |
|
|
2,872,600 |
|
|
|
|
2,872,600 |
|
|
2,872,600 |
|
Current assets |
Cash at bank and in hand |
|
|
36,366 |
|
|
308,284 |
|
|
|
36,366 |
|
|
308,284 |
|
Creditors: amounts falling due within one year |
4 |
|
(50,086) |
|
|
(60,226) |
|
Net current (liabilities)/assets |
|
|
|
(13,720) |
|
|
248,058 |
|
Total assets less current liabilities |
|
|
|
2,858,880 |
|
|
3,120,658 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(1,976,199) |
|
|
(2,251,952) |
|
Provisions for liabilities |
|
|
|
- |
|
|
- |
|
|
Net assets |
|
|
|
882,681 |
|
|
868,706 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Share premium |
|
|
|
- |
|
|
- |
Revaluation reserve |
7 |
|
|
978,307 |
|
|
978,307 |
Profit and loss account |
|
|
|
(95,627) |
|
|
(109,602) |
|
Shareholders' funds |
|
|
|
882,681 |
|
|
868,706 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Steven Jones |
Director |
Approved by the board on 20 September 2024 |
|
S J Industries Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
|
|
|
Investment property |
|
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognisd in profit or loss. |
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Investment Property |
|
|
Properties |
Total |
£ |
£ |
|
Cost |
|
At 1 January 2023 |
2,872,600 |
2,872,600 |
|
Additions |
- |
- |
|
Surplus on revaluation |
- |
- |
|
Disposals |
- |
- |
|
At 31 December 2023 |
2,872,600 |
2,872,600 |
|
|
|
|
|
Depreciation |
|
At 1 January 2023 |
- |
- |
|
Charge for the year |
- |
- |
|
Surplus on revaluation |
- |
- |
|
On disposals |
- |
- |
|
At 31 December 2023 |
- |
- |
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
2,872,600 |
2,872,600 |
|
At 31 December 2022 |
2,872,600 |
2,872,600 |
|
|
|
|
|
|
Cost or valuation at 31 December 2022 is represented by: |
|
Valuation in 2006 |
260,217 |
|
Valuation in 2011 |
60,000 |
|
Cost |
1,894,293 |
|
Valuation in 2022 |
658,090 |
|
|
|
|
|
2,872,600 |
|
If the Investment properties had not been revalued they would have been included at the following historical cost: |
|
|
|
2023 |
|
2022 |
|
Cost |
1,894,293 |
|
1,894,293 |
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Taxation and social security costs |
11,913 |
|
13,887 |
|
Other creditors |
38,173 |
|
46,339 |
|
|
|
|
|
|
50,086 |
|
60,226 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years repayable otherwise than by installments |
- |
|
|
1,976,199 |
|
2,251,638 |
|
|
|
|
|
|
1,976,199 |
|
2,251,638 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
- |
|
314 |
|
Instalments falling due for payment after more than five years |
- |
|
- |
|
|
|
|
|
|
- |
|
314 |
|
|
|
|
|
|
|
|
|
|
|
|
7 |
Revaluation reserve |
2023 |
|
2022 |
£ |
£ |
|
|
At 1 January 2023 |
978,307 |
|
320,217 |
|
Gain on revaluation of land and buildings |
- |
|
658,090 |
|
|
At 31 December 2023 |
978,307 |
|
978,307 |
|
|
|
|
|
|
|
|
|
|
|
8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
Steven Jones |
(36,626) |
|
(14,983) |
|
21,776 |
|
(29,833) |
|
|
(36,626) |
|
(14,983) |
|
21,776 |
|
(29,833) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 |
Controlling party |
|
Steven Jones |
|
|
|
10 |
Other information |
|
|
S J Industries Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
76 Dale Road |
|
Spondon |
|
Derby |
|
DE21 7DF |