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Company Registration No. 12371369 (England and Wales)
SPJ Contracting Ltd Unaudited accounts for the year ended 31 December 2023
SPJ Contracting Ltd Unaudited accounts Contents
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SPJ Contracting Ltd Company Information for the year ended 31 December 2023
Director
John Patrick Scully
Company Number
12371369 (England and Wales)
Registered Office
490 WEST WYCOMBE ROAD HIGH WYCOMBE HP12 4AH ENGLAND
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SPJ Contracting Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,391 
88,696 
Current assets
Debtors
723,330 
369,009 
Cash at bank and in hand
838,510 
377,648 
1,561,840 
746,657 
Creditors: amounts falling due within one year
(1,073,640)
(398,079)
Net current assets
488,200 
348,578 
Net assets
577,591 
437,274 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
577,590 
437,273 
Shareholders' funds
577,591 
437,274 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
John Patrick Scully Director Company Registration No. 12371369
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SPJ Contracting Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SPJ Contracting Ltd is a private company, limited by shares, registered in England and Wales, registration number 12371369. The registered office is 490 WEST WYCOMBE ROAD, HIGH WYCOMBE, HP12 4AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
10%
Fixtures & fittings
10%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SPJ Contracting Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
98,514 
49,110 
147,624 
Additions
- 
31,360 
31,360 
At 31 December 2023
98,514 
80,470 
178,984 
Depreciation
At 1 January 2023
49,106 
9,822 
58,928 
Charge for the year
19,702 
10,963 
30,665 
At 31 December 2023
68,808 
20,785 
89,593 
Net book value
At 31 December 2023
29,706 
59,685 
89,391 
At 31 December 2022
49,408 
39,288 
88,696 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
153,920 
35,112 
Trade debtors
140,064 
158,773 
Accrued income and prepayments
43,488 
13,000 
Other debtors
385,858 
162,124 
723,330 
369,009 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,793 
33,181 
Obligations under finance leases and hire purchase contracts
- 
8,366 
Trade creditors
771,372 
246,543 
Taxes and social security
201,240 
103,862 
Other creditors
- 
6,127 
Accruals
81,235 
- 
1,073,640 
398,079 
7
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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