Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 06118997 Ms Y Jones Mr C Padgett Mr C Padgett and Ms Y Jones true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06118997 2023-06-30 06118997 2024-06-30 06118997 2023-07-01 2024-06-30 06118997 frs-core:CurrentFinancialInstruments 2024-06-30 06118997 frs-core:Non-currentFinancialInstruments 2024-06-30 06118997 frs-core:ComputerEquipment 2024-06-30 06118997 frs-core:ComputerEquipment 2023-07-01 2024-06-30 06118997 frs-core:ComputerEquipment 2023-06-30 06118997 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 06118997 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 06118997 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 06118997 frs-core:FurnitureFittings 2024-06-30 06118997 frs-core:FurnitureFittings 2023-07-01 2024-06-30 06118997 frs-core:FurnitureFittings 2023-06-30 06118997 frs-core:PlantMachinery 2024-06-30 06118997 frs-core:PlantMachinery 2023-07-01 2024-06-30 06118997 frs-core:PlantMachinery 2023-06-30 06118997 frs-core:ShareCapital 2024-06-30 06118997 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06118997 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 06118997 frs-bus:SmallEntities 2023-07-01 2024-06-30 06118997 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06118997 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06118997 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 06118997 frs-bus:OrdinaryShareClass1 2024-06-30 06118997 1 2023-07-01 2024-06-30 06118997 frs-core:DeferredTaxation 2023-07-01 2024-06-30 06118997 frs-core:DeferredTaxation 2023-06-30 06118997 frs-core:DeferredTaxation 2024-06-30 06118997 frs-bus:Director1 2023-07-01 2024-06-30 06118997 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 06118997 frs-countries:EnglandWales 2023-07-01 2024-06-30 06118997 2022-06-30 06118997 2023-06-30 06118997 2022-07-01 2023-06-30 06118997 frs-core:CurrentFinancialInstruments 2023-06-30 06118997 frs-core:Non-currentFinancialInstruments 2023-06-30 06118997 frs-core:ShareCapital 2023-06-30 06118997 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 06118997
SJ&C Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06118997
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,393 14,509
Tangible Assets 5 4,810 8,962
23,203 23,471
CURRENT ASSETS
Debtors 6 403 196
Cash at bank and in hand 591 1,864
994 2,060
Creditors: Amounts Falling Due Within One Year 7 (20,468 ) (19,176 )
NET CURRENT ASSETS (LIABILITIES) (19,474 ) (17,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,729 6,355
Creditors: Amounts Falling Due After More Than One Year 8 (2,767 ) (4,612 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (912 ) (1,693 )
NET ASSETS 50 50
CAPITAL AND RESERVES
Called up share capital 10 50 50
SHAREHOLDERS' FUNDS 50 50
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Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Y Jones
Director
2 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
SJ&C Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06118997 . The registered office is 83 Ducie Street, Manchester, M1 2JQ.
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. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future 
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recognised at cost. They are revalued at the year end based on the market value.
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:
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.6. Financial Instruments
The Company only enters into basic financial instrument 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, and loans to related parties.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Crypto Currencies
£
Cost or Valuation
As at 1 July 2023 14,509
Additions 43,093
Revaluations 14,831
Disposals (54,040)
As at 30 June 2024 18,393
Net Book Value
As at 30 June 2024 18,393
As at 1 July 2023 14,509
Intangible assets have been revalued at the year end at market rate.
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 1,617 631 30,964 33,212
Additions - - 1,147 1,147
As at 30 June 2024 1,617 631 32,111 34,359
Depreciation
As at 1 July 2023 1,503 199 22,548 24,250
Provided during the period 62 127 5,110 5,299
As at 30 June 2024 1,565 326 27,658 29,549
Net Book Value
As at 30 June 2024 52 305 4,453 4,810
As at 1 July 2023 114 432 8,416 8,962
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 168 -
VAT 235 196
403 196
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22 -
Bank loans and overdrafts 1,384 1,537
Accruals and deferred income 524 502
Director's loan account 18,538 17,137
20,468 19,176
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,767 4,612
2,767 4,612
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9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 1,693 1,693
Utilised (781 ) (781)
Balance at 30 June 2024 912 912
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50 Ordinary Shares of £ 1.00 each 50 50
11. Ultimate Controlling Party
The company's ultimate controlling parties are Mr C Padgett and Ms Y Jones by virtue of their ownership of the majority of the issued share capital in the company.
12. Working capital deficit
Current liabilities exceed current assets however, the company is able to meet any liabilities that may fall due.
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