2 2 SSJ Construction Ltd 11484007 false 2023-08-01 2024-03-31 2024-03-31 The principal activity of the company is Building and rental Digita Accounts Production Advanced 6.30.9574.0 true 11484007 2023-08-01 2024-03-31 11484007 2024-03-31 11484007 bus:OrdinaryShareClass1 2024-03-31 11484007 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11484007 core:Non-currentFinancialInstruments 2024-03-31 11484007 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11484007 core:FurnitureFittingsToolsEquipment 2024-03-31 11484007 bus:SmallEntities 2023-08-01 2024-03-31 11484007 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-03-31 11484007 bus:FilletedAccounts 2023-08-01 2024-03-31 11484007 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-03-31 11484007 bus:RegisteredOffice 2023-08-01 2024-03-31 11484007 bus:Director1 2023-08-01 2024-03-31 11484007 bus:Director2 2023-08-01 2024-03-31 11484007 bus:OrdinaryShareClass1 2023-08-01 2024-03-31 11484007 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-03-31 11484007 bus:Agent1 2023-08-01 2024-03-31 11484007 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-03-31 11484007 countries:England 2023-08-01 2024-03-31 11484007 2023-07-31 11484007 2022-08-01 2023-07-31 11484007 2023-07-31 11484007 bus:OrdinaryShareClass1 2023-07-31 11484007 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 11484007 core:Non-currentFinancialInstruments 2023-07-31 11484007 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11484007

SSJ Construction Ltd

Unaudited Filleted Financial Statements

for the Period from 1 August 2023 to 31 March 2024

 

SSJ Construction Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

SSJ Construction Ltd

Company Information

Directors

Mrs Lucinda G Scott-James

Mr Shannan Scott-James

Registered office

38 Crown Street
Banham
Norwich
NR16 2EX

Accountants

Headspace Accountancy Ltd
Chartered AccountantsDeep Well House
2 Yarmouth Road
Hales
Norfolk
NR14 6SP

 

SSJ Construction Ltd

(Registration number: 11484007)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,029

-

Investment property

5

1,529,422

1,258,459

 

1,532,451

1,258,459

Current assets

 

Cash at bank and in hand

 

7,464

15,258

Creditors: Amounts falling due within one year

6

(168,805)

(252,999)

Net current liabilities

 

(161,341)

(237,741)

Total assets less current liabilities

 

1,371,110

1,020,718

Creditors: Amounts falling due after more than one year

6

(985,000)

(733,280)

Provisions for liabilities

(103,960)

(51,454)

Net assets

 

282,150

235,984

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

282,148

235,982

Shareholders' funds

 

282,150

235,984

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr Shannan Scott-James
Director

 

SSJ Construction Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
38 Crown Street
Banham
Norwich
NR16 2EX

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SSJ Construction Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

SSJ Construction Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,029

3,029

At 31 March 2024

3,029

3,029

Depreciation

Carrying amount

At 31 March 2024

3,029

3,029

5

Investment properties

2024
£

At 1 August

1,258,459

Additions

130,963

Fair value adjustments

140,000

At 31 March

1,529,422

There has been no valuation of investment property by an independent valuer.

 

SSJ Construction Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

500

500

Taxation and social security

789

787

Accruals and deferred income

2,473

750

Other creditors

165,043

250,962

168,805

252,999

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

985,000

733,280

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

985,000

733,280