IRIS Accounts Production v24.1.4.33 10175339 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101753392023-05-31101753392024-05-31101753392023-06-012024-05-31101753392022-05-31101753392022-06-012023-05-31101753392023-05-3110175339ns15:EnglandWales2023-06-012024-05-3110175339ns14:PoundSterling2023-06-012024-05-3110175339ns10:Director12023-06-012024-05-3110175339ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110175339ns10:SmallEntities2023-06-012024-05-3110175339ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3110175339ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110175339ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110175339ns10:FullAccounts2023-06-012024-05-3110175339ns10:Director22023-06-012024-05-3110175339ns10:RegisteredOffice2023-06-012024-05-3110175339ns5:CurrentFinancialInstruments2024-05-3110175339ns5:CurrentFinancialInstruments2023-05-3110175339ns5:ShareCapital2024-05-3110175339ns5:ShareCapital2023-05-3110175339ns5:RetainedEarningsAccumulatedLosses2024-05-3110175339ns5:RetainedEarningsAccumulatedLosses2023-05-3110175339ns5:ComputerEquipment2023-06-012024-05-3110175339ns5:ComputerEquipment2023-05-3110175339ns5:ComputerEquipment2024-05-3110175339ns5:ComputerEquipment2023-05-3110175339ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3110175339ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31101753391ns10:Director12023-05-31101753391ns10:Director12022-05-31101753391ns10:Director12023-06-012024-05-31101753391ns10:Director12022-06-012023-05-31101753391ns10:Director12024-05-31101753391ns10:Director12023-05-31
REGISTERED NUMBER: 10175339 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

SJP IFA LIMITED

SJP IFA LIMITED (Registered number: 10175339)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 5

SJP IFA LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S J Phillips
Mrs A L Phillips





REGISTERED OFFICE: Reservoir House
Upper Wood Lane
Kingswear
Dartmouth
Devon
TQ6 0DF





REGISTERED NUMBER: 10175339 (England and Wales)





ACCOUNTANTS: A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT

SJP IFA LIMITED (Registered number: 10175339)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,585 1,836

CURRENT ASSETS
Debtors 5 3,694 4,545
Cash at bank 199,041 131,814
202,735 136,359
CREDITORS
Amounts falling due within one year 6 31,156 20,003
NET CURRENT ASSETS 171,579 116,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,164

118,192

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 173,064 118,092
173,164 118,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





S J Phillips - Director


SJP IFA LIMITED (Registered number: 10175339)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

SJP IFA LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 June 2023 3,189
Additions 278
At 31 May 2024 3,467
DEPRECIATION
At 1 June 2023 1,353
Charge for year 529
At 31 May 2024 1,882
NET BOOK VALUE
At 31 May 2024 1,585
At 31 May 2023 1,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 3,694 4,545

SJP IFA LIMITED (Registered number: 10175339)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 29,611 17,943
Other creditors 1,545 2,060
31,156 20,003

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
S J Phillips
Balance outstanding at start of year (567 ) (474 )
Amounts advanced 39,536 101,907
Amounts repaid (39,200 ) (102,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (231 ) (567 )

SJP IFA LIMITED

Report of the Accountants to the Directors of
SJP IFA LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT


Date: .............................................