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Registration number: 14629434

SJF Electrical Installations Ltd

Unaudited Financial Statements

for the Period from 31 January 2023 to 31 January 2024

 

SJF Electrical Installations Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

SJF Electrical Installations Ltd

(Registration number: 14629434)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

9,541

Current assets

 

Debtors

5

17,582

Cash at bank and in hand

 

26,470

 

44,052

Creditors: Amounts falling due within one year

6

(35,438)

Net current assets

 

8,614

Total assets less current liabilities

 

18,155

Provisions for liabilities

(1,813)

Net assets

 

16,342

Capital and reserves

 

Called up share capital

1

Retained earnings

16,341

Shareholders' funds

 

16,342

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 October 2024
 

 

SJF Electrical Installations Ltd

(Registration number: 14629434)
Balance Sheet as at 31 January 2024

.........................................
Mr S J Flannery
Director

 

SJF Electrical Installations Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
55 Fairfield Crescent
Great Ashby
Stevenage
Hertfordshire
SG1 6GF
England and Wales

These financial statements were authorised for issue by the director on 7 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

SJF Electrical Installations Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2023 to 31 January 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Straight Line

Office Equipment

25% Straight Line

Motor Vehicles

33% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed on an annual basis and any adjustment is made accordingly through the
profit and loss account.

 

SJF Electrical Installations Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2023 to 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

SJF Electrical Installations Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2023 to 31 January 2024

4

Tangible assets

Office Equipment
£

Motor Vehicles
 £

Plant & Machinery
£

Total
£

Cost or valuation

Additions

541

13,000

478

14,019

At 31 January 2024

541

13,000

478

14,019

Depreciation

Charge for the period

69

4,290

119

4,478

At 31 January 2024

69

4,290

119

4,478

Carrying amount

At 31 January 2024

472

8,710

359

9,541

5

Debtors

Current

2024
£

Trade debtors

2,385

Other debtors

15,197

 

17,582

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

43

Taxation and social security

8,880

Accruals and deferred income

1,450

Other creditors

25,065

35,438

 

SJF Electrical Installations Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2023 to 31 January 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary Share of £1 each

1

1

     

During the period 1 ordinary share having an aggregate nominal value of £1 was allotted for an aggregate consideration of £1. This share was allotted on incorporation of the company.

 

8

Dividends

2024

£

Interim dividend of £33,270.00 per ordinary share

33,270

 

9

Related party transactions

Transactions with the director

2024

At 31 January 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Mr S J Flannery

Directors Loan Account

-

27,391

(52,455)

(25,064)

This loan is provided interest free and is repayable on demand.

10

Ultimate controlling party

The ultimate controlling party is Mr S J Flannery, by virtue of his shareholding.