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REGISTERED NUMBER: 07795819 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

SJC Fabrication Limited

SJC Fabrication Limited (Registered number: 07795819)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


SJC Fabrication Limited (Registered number: 07795819)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,410 76,814

CURRENT ASSETS
Stocks 2,965 3,250
Debtors 5 22,658 28,694
Cash at bank 8,641 5,837
34,264 37,781
CREDITORS
Amounts falling due within one year 6 34,267 25,449
NET CURRENT (LIABILITIES)/ASSETS (3 ) 12,332
TOTAL ASSETS LESS CURRENT LIABILITIES 76,407 89,146

CREDITORS
Amounts falling due after more than one year 7 (19,589 ) (17,084 )

PROVISIONS FOR LIABILITIES (14,518 ) (14,595 )
NET ASSETS 42,300 57,467

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 42,298 57,465
SHAREHOLDERS' FUNDS 42,300 57,467

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





Mr S J Cuthill - Director


SJC Fabrication Limited (Registered number: 07795819)

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

1. STATUTORY INFORMATION

SJC Fabrication Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07795819

Registered office: 7 Kenilworth Road
Macclesfield
Cheshire
SK11 8PE

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

SJC Fabrication Limited (Registered number: 07795819)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 68,445 62,309 4,674 135,428
Additions - 34,345 691 35,036
Disposals - (25,755 ) - (25,755 )
At 31 October 2024 68,445 70,899 5,365 144,709
DEPRECIATION
At 1 November 2023 33,072 22,051 3,491 58,614
Charge for year 5,306 15,029 618 20,953
Eliminated on disposal - (11,268 ) - (11,268 )
At 31 October 2024 38,378 25,812 4,109 68,299
NET BOOK VALUE
At 31 October 2024 30,067 45,087 1,256 76,410
At 31 October 2023 35,373 40,258 1,183 76,814

SJC Fabrication Limited (Registered number: 07795819)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 31,579
Additions 34,345
At 31 October 2024 65,924
DEPRECIATION
At 1 November 2023 7,895
Charge for year 14,507
At 31 October 2024 22,402
NET BOOK VALUE
At 31 October 2024 43,522
At 31 October 2023 23,684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,366 16,767
Other debtors 16,292 11,927
22,658 28,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,400 4,400
Hire purchase contracts 10,823 7,306
Trade creditors 15,797 9,652
Taxation and social security 1,679 2,264
Other creditors 1,568 1,827
34,267 25,449

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,015 7,333
Hire purchase contracts 16,574 9,751
19,589 17,084

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 27,397 17,057