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REGISTERED NUMBER: 06867935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SJM 360 GROUP (UK) LIMITED

SJM 360 GROUP (UK) LIMITED (REGISTERED NUMBER: 06867935)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SJM 360 GROUP (UK) LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T W Davis
L J R Sparkes





SECRETARY:





REGISTERED OFFICE: Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ





REGISTERED NUMBER: 06867935 (England and Wales)





ACCOUNTANTS: Hockley Wright & Co. Ltd.
Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ

SJM 360 GROUP (UK) LIMITED (REGISTERED NUMBER: 06867935)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 136,530 74,105

CURRENT ASSETS
Stocks 6 - 56,905
Debtors 7 853,573 730,349
Cash at bank 5 17
853,578 787,271
CREDITORS
Amounts falling due within one year 8 346,394 407,989
NET CURRENT ASSETS 507,184 379,282
TOTAL ASSETS LESS CURRENT LIABILITIES 643,714 453,387

CREDITORS
Amounts falling due after more than one
year

9

254,491

236,905
NET ASSETS 389,223 216,482

CAPITAL AND RESERVES
Called up share capital 10 800 800
Share premium 199,800 199,800
Retained earnings 188,623 15,882
SHAREHOLDERS' FUNDS 389,223 216,482

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





T W Davis - Director


SJM 360 GROUP (UK) LIMITED (REGISTERED NUMBER: 06867935)

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

1. STATUTORY INFORMATION

SJM 360 Group (UK) 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. STATEMENT OF COMPLIANCE

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. There have been no material departures from FRS102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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, if material, 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.

SJM 360 GROUP (UK) LIMITED (REGISTERED NUMBER: 06867935)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 48,912 4,949 68,760 3,951 126,572
Additions 119,261 - - - 119,261
Disposals (20,532 ) - - - (20,532 )
At 31 March 2024 147,641 4,949 68,760 3,951 225,301
DEPRECIATION
At 1 April 2023 21,339 4,949 22,733 3,446 52,467
Charge for year 31,575 - 4,603 126 36,304
At 31 March 2024 52,914 4,949 27,336 3,572 88,771
NET BOOK VALUE
At 31 March 2024 94,727 - 41,424 379 136,530
At 31 March 2023 27,573 - 46,027 505 74,105

Included within the net book value of Plant and Machinery above is £94,268 (2022/23 £26,963), relating to assets held under hire purchase contracts.

Included within the net book value of Motor Vehicles above is £41,425 (2022/23 £46,026), relating to assets held under hire purchase contracts.

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress - 56,905

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,132 960
Amounts owed by participating interests 195,704 133,671
Other debtors 640,737 595,718
853,573 730,349

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 83,015 56,307
Hire purchase contracts 33,729 19,705
Taxation and social security 214,413 326,499
Other creditors 15,237 5,478
346,394 407,989

SJM 360 GROUP (UK) LIMITED (REGISTERED NUMBER: 06867935)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 134,761 176,154
Hire purchase contracts 119,730 60,751
254,491 236,905

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary £1 200 200
200 Ordinary 'A' £1 200 200
200 Ordinary 'B' £1 200 200
200 Ordinary 'C' £1 200 200
800 800

11. RELATED PARTY DISCLOSURES

Included within debtors in note 9 above, is £195,704 (2022/23 £117,919) owed by SJM 360 Holdings Ltd, a company who T W Davis has a controlling interest in. Interest is being charged at 3.0%, calculated annually on the outstanding loan.

12. ULTIMATE CONTROLLING PARTY

In the opinion of the directors', SJM 360 Group (UK) Limited is the Ultimate Controlling Party. The Company is controlled by its directors' T W Davis and L J R Sparkes, by virtue of the fact that they between them, own 70% of the Company's ordinary issued share capital.