DJ & SJ Renewables Ltd |
Registered number: |
08468127 |
Balance Sheet |
as at 30 April 2024 |
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Notes |
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2024 |
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2023 |
£ |
£ |
Current assets |
Stocks |
4 |
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241,051 |
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226,093 |
Debtors |
5 |
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2,042,337 |
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1,651,878 |
Investments held as current assets |
6 |
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9,333 |
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4,667 |
Cash at bank and in hand |
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52,395 |
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355,615 |
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2,345,116 |
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2,238,253 |
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Creditors: amounts falling due within one year |
7 |
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(2,105,606) |
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(2,003,099) |
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Net current assets |
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239,510 |
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235,154 |
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Net assets |
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239,510 |
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235,154 |
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Capital and reserves |
Called up share capital |
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300 |
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300 |
Profit and loss account |
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239,210 |
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234,854 |
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Shareholders' funds |
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239,510 |
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235,154 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
SJ Enderby |
Director |
Approved by the board on 11 December 2024 |
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DJ & SJ Renewables Ltd |
Notes to the Accounts |
for the year ended 30 April 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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This disclosure represents the number of the directors engaged by the company. |
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3 |
Taxation |
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The company has no unused tax losses to carry forward against future profits of the company. |
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4 |
Stocks |
2024 |
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2023 |
£ |
£ |
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Biological assets: |
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Growing crops |
142,544 |
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226,093 |
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Other stock |
98,507 |
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- |
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241,051 |
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226,093 |
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Reconciliation of the carrying amounts of growing crops: |
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2024 |
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2023 |
£ |
£ |
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Balance brought forward |
226,093 |
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246,811 |
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Costs during the period |
1,136,399 |
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1,243,121 |
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Decreases due to sales and harvest |
(1,219,948) |
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(1,263,839) |
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Balance carried forward |
142,544 |
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226,093 |
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5 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
167,337 |
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26,878 |
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Other debtors |
1,875,000 |
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1,625,000 |
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2,042,337 |
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1,651,878 |
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Other debtors represent loans made to other companies which are connected to the directors. Of the amount disclosed £1,375,000 is repayable on demand, recorded at transactional value and is provided interest free. A facility of £500,000 was granted on 1st April 2023 for a period of two years on which interest would payable at the rate of 8% from the date of grant. As at 30th April 2024 a sum of £500,000 had been drawn down which is recorded at transactional value. |
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6 |
Investments held as current assets |
2024 |
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2023 |
£ |
£ |
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Fair value |
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Unlisted investments |
9,333 |
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4,667 |
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7 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
96,957 |
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64,691 |
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Taxation and social security costs |
1,022 |
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10,782 |
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Other creditors |
2,007,627 |
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1,927,626 |
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2,105,606 |
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2,003,099 |
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8 |
Related party transactions |
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Loans received from directors amounting to £2,007,627 (2023: £1,927,626) are included in creditors falling due within one year. These loans are repayable on demand, recorded at transactional value and are provided interest free. |
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9 |
Other information |
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DJ & SJ Renewables Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Codlaw Hill |
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Wall |
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Hexham |
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Northumberland |
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NE46 4HF |