1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,235 2,195 260 2,455 780 1,040 xbrli:pure xbrli:shares iso4217:GBP 10796543 2023-06-01 2024-05-31 10796543 2024-05-31 10796543 2023-05-31 10796543 2022-06-01 2023-05-31 10796543 2023-05-31 10796543 2022-05-31 10796543 bus:Director1 2023-06-01 2024-05-31 10796543 core:WithinOneYear 2024-05-31 10796543 core:WithinOneYear 2023-05-31 10796543 core:ShareCapital 2024-05-31 10796543 core:ShareCapital 2023-05-31 10796543 core:RetainedEarningsAccumulatedLosses 2024-05-31 10796543 core:RetainedEarningsAccumulatedLosses 2023-05-31 10796543 bus:SmallEntities 2023-06-01 2024-05-31 10796543 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10796543 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10796543 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10796543 bus:FullAccounts 2023-06-01 2024-05-31 10796543 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 10796543 core:FurnitureFittingsToolsEquipment 2024-05-31 10796543 core:FurnitureFittingsToolsEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 10796543
SJB Mortgage Solutions Limited
Filleted Unaudited Financial Statements
31 May 2024
SJB Mortgage Solutions Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
780
1,040
Current assets
Debtors
6
10,826
616
Cash at bank and in hand
19,289
39,382
--------
--------
30,115
39,998
Creditors: amounts falling due within one year
7
30,233
10,496
--------
--------
Net current (liabilities)/assets
( 118)
29,502
----
--------
Total assets less current liabilities
662
30,542
Provisions
Taxation including deferred tax
207
276
----
--------
Net assets
455
30,266
----
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
355
30,166
----
--------
Shareholders funds
455
30,266
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SJB Mortgage Solutions Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 6 January 2025 , and are signed on behalf of the board by:
Mr S J Bolton
Director
Company registration number: 10796543
SJB Mortgage Solutions Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Whitegates, Church Hill, Ravensden, Bedford, MK44 2RL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Deferred taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 June 2023 and 31 May 2024
3,235
3,235
-------
-------
Depreciation
At 1 June 2023
2,195
2,195
Charge for the year
260
260
-------
-------
At 31 May 2024
2,455
2,455
-------
-------
Carrying amount
At 31 May 2024
780
780
-------
-------
At 31 May 2023
1,040
1,040
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
10,826
616
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
14,269
Corporation tax
13,311
7,340
Other creditors
2,653
3,156
--------
--------
30,233
10,496
--------
--------
8. Other financial commitments
As at the balance sheet date the company had other financial commitments amounting to £11,881 (2023: £21,386).
9. Director's advances, credits and guarantees
The Director was advanced £7,773 in the year (2023: £nil) which remained outstanding at the year end. The advance was interest free, unsecured and repayable on demand.