Company Registration No. 12443456 (England and Wales)
SJC&M Ltd
Unaudited accounts
for the year ended 29 February 2024
SJC&M Ltd
Unaudited accounts
Contents
SJC&M Ltd
Company Information
for the year ended 29 February 2024
Director
Samantha Chandler
Company Number
12443456 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
SJC&M Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
8,280
-
Creditors: amounts falling due within one year
(25,798)
-
Net current (liabilities)/assets
(12,920)
1
Net (liabilities)/assets
(12,751)
1
Called up share capital
1
1
Profit and loss account
(12,752)
-
Shareholders' funds
(12,751)
1
For the year ending 29 February 2024 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 27 November 2024 and were signed on its behalf by
Samantha Chandler
Director
Company Registration No. 12443456
SJC&M Ltd
Notes to the Accounts
for the year ended 29 February 2024
SJC&M Ltd is a private company, limited by shares, registered in England and Wales, registration number 12443456. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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. Thus the directors continue to adopt the going concern
basis of accounting in preparing the financial statements.
SJC&M Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Deferred tax asset
2,958
-
Accrued income and prepayments
249
-
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
25,098
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).