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Company Registration No. 09970829 (England and Wales)
SJM Wills & Associated Services Limited Unaudited accounts for the year ended 31 October 2024
SJM Wills & Associated Services Limited Unaudited accounts Contents
Page
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SJM Wills & Associated Services Limited Company Information for the year ended 31 October 2024
Director
S J Mason
Company Number
09970829 (England and Wales)
Registered Office
203 West Street Fareham England PO16 0EN
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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SJM Wills & Associated Services Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,938 
877 
Current assets
Debtors
1,706 
4,211 
Cash at bank and in hand
15,750 
12,160 
17,456 
16,371 
Creditors: amounts falling due within one year
(23,048)
(17,119)
Net current liabilities
(5,592)
(748)
Net assets
46,346 
129 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46,345 
128 
Shareholders' funds
46,346 
129 
For the year ending 31 October 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 her 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 10 December 2024 and were signed on its behalf by
S J Mason Director Company Registration No. 09970829
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SJM Wills & Associated Services Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
SJM Wills & Associated Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09970829. The registered office is 203 West Street, Fareham, England, PO16 0EN.
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:
Land & buildings
No Depriciation
Computer equipment
25% reducing balance
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.
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
- 
2,282 
2,282 
Additions
50,000 
1,482 
51,482 
At 31 October 2024
50,000 
3,764 
53,764 
Depreciation
At 1 November 2023
- 
1,405 
1,405 
Charge for the year
- 
421 
421 
At 31 October 2024
- 
1,826 
1,826 
Net book value
At 31 October 2024
50,000 
1,938 
51,938 
At 31 October 2023
- 
877 
877 
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SJM Wills & Associated Services Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,706 
- 
Other debtors
- 
4,211 
1,706 
4,211 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
2,653 
Taxes and social security
19,790 
12,108 
Loans from directors
332 
- 
Accruals
2,926 
2,358 
23,048 
17,119 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S J Mason
Director Loan Account
4,211 
(17,902)
(13,359)
(332)
4,211 
(17,902)
(13,359)
(332)
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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