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REGISTERED NUMBER: 07312468














SJC Trailers Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






SJC Trailers Limited (Registered number: 07312468)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


SJC Trailers Limited

Company Information
for the Year Ended 31 July 2024







Directors: S J Collins
K A Collins
E Osler





Registered office: Monica House
St Augustines Road
Wisbech
Cambs
PE13 3AD





Business address: 65 London Road
Downham Market
Norfolk
PE38 9AT





Registered number: 07312468





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SJC Trailers Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SJC Trailers Limited for the year ended 31 July 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SJC Trailers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SJC Trailers Limited and state those matters that we have agreed to state to the Board of Directors of SJC Trailers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SJC Trailers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SJC Trailers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SJC Trailers Limited. You consider that SJC Trailers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SJC Trailers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


8 January 2025

SJC Trailers Limited (Registered number: 07312468)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 242 996
Tangible assets 6 349,562 342,141
349,804 343,137

Current assets
Stocks 265,341 320,255
Debtors 7 122,965 118,489
Cash at bank 164,364 157,946
552,670 596,690
Creditors
Amounts falling due within one year 8 89,212 142,716
Net current assets 463,458 453,974
Total assets less current liabilities 813,262 797,111

Creditors
Amounts falling due after more than one
year

9

(8,773

)

(19,062

)

Provisions for liabilities (20,582 ) (17,965 )
Net assets 783,907 760,084

Capital and reserves
Called up share capital 1 1
Retained earnings 783,906 760,083
783,907 760,084

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SJC Trailers Limited (Registered number: 07312468)

Statement of Financial Position - continued
31 July 2024


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





S J Collins - Director


SJC Trailers Limited (Registered number: 07312468)

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


1. Statutory information

SJC Trailers Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated / 50 years straight line
Plant and machinery - 33% on a straight line basis and 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


SJC Trailers Limited (Registered number: 07312468)

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


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

5. Intangible fixed assets
Website
£   
Cost
At 1 August 2023
and 31 July 2024 9,029
Amortisation
At 1 August 2023 8,033
Amortisation for year 754
At 31 July 2024 8,787
Net book value
At 31 July 2024 242
At 31 July 2023 996

SJC Trailers Limited (Registered number: 07312468)

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


6. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 August 2023 296,526 121,455 56,856 474,837
Additions - 5,153 24,200 29,353
Disposals - (6,436 ) (14,518 ) (20,954 )
At 31 July 2024 296,526 120,172 66,538 483,236
Depreciation
At 1 August 2023 18,157 85,585 28,954 132,696
Charge for year 3,545 7,804 7,207 18,556
Eliminated on disposal - (5,009 ) (12,569 ) (17,578 )
At 31 July 2024 21,702 88,380 23,592 133,674
Net book value
At 31 July 2024 274,824 31,792 42,946 349,562
At 31 July 2023 278,369 35,870 27,902 342,141

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 87,105 117,781
Directors' loan accounts 34,896 -
Prepayments and accrued income 964 708
122,965 118,489

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,289 10,035
Trade creditors 26,070 25,469
Corporation Tax 15,728 32,789
Social security and other taxes 209 226
VAT 21,284 45,137
Other creditors 77 -
Directors' loan accounts - 13,226
Accruals and deferred income 15,555 15,834
89,212 142,716

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 8,773 10,289
Bank loans - 2-5 years - 8,773
8,773 19,062

SJC Trailers Limited (Registered number: 07312468)

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


10. Related party disclosures

During the year a director made a loan to the company of £104 (2023: £13,226). the loan is unsecured, interest free and repayable on demand.