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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
Page
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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
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SJC&M Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
169 
- 
Current assets
Debtors
4,598 
1 
Cash at bank and in hand
8,280 
- 
12,878 
1 
Creditors: amounts falling due within one year
(25,798)
- 
Net current (liabilities)/assets
(12,920)
1 
Net (liabilities)/assets
(12,751)
1 
Capital and reserves
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
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SJC&M Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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.
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
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 taxation
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.
Going concern
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.
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SJC&M Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
171 
At 29 February 2024
171 
Depreciation
Charge for the year
2 
At 29 February 2024
2 
Net book value
At 29 February 2024
169 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17 
- 
Trade debtors
142 
- 
Deferred tax asset
2,958 
Accrued income and prepayments
249 
- 
Other debtors
1,232 
1 
4,598 
1 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
25,098 
- 
Accruals
700 
- 
25,798 
- 
7
Share capital
2024 
2023 
£ 
£ 
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).
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