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REGISTERED NUMBER: 12445358 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SJE ENGINEERING (COVENTRY) LTD

SJE ENGINEERING (COVENTRY) LTD (REGISTERED NUMBER: 12445358)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJE ENGINEERING (COVENTRY) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs T J Edmunds
S J Edmunds





REGISTERED OFFICE: Unit 18 Redland Close
Aldermans Green Industrial Estate
Coventry
West Midlands
CV2 2NP





REGISTERED NUMBER: 12445358 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

SJE ENGINEERING (COVENTRY) LTD (REGISTERED NUMBER: 12445358)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,890 61,987

CURRENT ASSETS
Debtors 5 84,389 40,092
Cash at bank 12,861 45,608
97,250 85,700
CREDITORS
Amounts falling due within one year 6 94,467 66,580
NET CURRENT ASSETS 2,783 19,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,673

81,107

CREDITORS
Amounts falling due after more than one
year

7

(24,913

)

(33,889

)

PROVISIONS FOR LIABILITIES 9 (8,695 ) (11,778 )
NET ASSETS 16,065 35,440

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,965 35,340
16,065 35,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

SJE ENGINEERING (COVENTRY) LTD (REGISTERED NUMBER: 12445358)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by:





S J Edmunds - Director


SJE ENGINEERING (COVENTRY) LTD (REGISTERED NUMBER: 12445358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Sje Engineering (Coventry) Ltd 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

SJE ENGINEERING (COVENTRY) LTD (REGISTERED NUMBER: 12445358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 71,369 421 35,521 3,733 111,044
Additions 441 - - 183 624
At 29 February 2024 71,810 421 35,521 3,916 111,668
DEPRECIATION
At 1 March 2023 32,115 279 15,540 1,123 49,057
Charge for year 9,923 105 4,995 698 15,721
At 29 February 2024 42,038 384 20,535 1,821 64,778
NET BOOK VALUE
At 29 February 2024 29,772 37 14,986 2,095 46,890
At 28 February 2023 39,254 142 19,981 2,610 61,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,361 36,292
Other debtors 2,025 2,025
VAT 433 1,205
Prepayments 570 570
84,389 40,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,400 3,400
Hire purchase contracts (see note 8) 5,289 5,289
Trade creditors 53,981 42,555
Corporation tax 19,397 10,005
Social security and other taxes 747 -
Other creditors 118 -
Directors' current accounts 11,535 5,331
94,467 66,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,400 3,400
Bank loans - 2-5 years 3,400 7,087
Hire purchase contracts (see note 8) 18,113 23,402
24,913 33,889

SJE ENGINEERING (COVENTRY) LTD (REGISTERED NUMBER: 12445358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,289 5,289
Between one and five years 18,113 23,402
23,402 28,691

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,695 11,778

Deferred
tax
£   
Balance at 1 March 2023 11,778
Accelerated capital allowances (3,083 )
Balance at 29 February 2024 8,695