Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31No description of principal activity2024-01-01false2121falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03237560 2024-01-01 2024-12-31 03237560 2023-01-01 2023-12-31 03237560 2024-12-31 03237560 2023-12-31 03237560 2023-01-01 03237560 c:Director1 2024-01-01 2024-12-31 03237560 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 03237560 d:Buildings d:LongLeaseholdAssets 2024-12-31 03237560 d:Buildings d:LongLeaseholdAssets 2023-12-31 03237560 d:PlantMachinery 2024-01-01 2024-12-31 03237560 d:PlantMachinery 2024-12-31 03237560 d:PlantMachinery 2023-12-31 03237560 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03237560 d:MotorVehicles 2024-01-01 2024-12-31 03237560 d:MotorVehicles 2024-12-31 03237560 d:MotorVehicles 2023-12-31 03237560 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03237560 d:FurnitureFittings 2024-01-01 2024-12-31 03237560 d:FurnitureFittings 2024-12-31 03237560 d:FurnitureFittings 2023-12-31 03237560 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03237560 d:ComputerEquipment 2024-01-01 2024-12-31 03237560 d:ComputerEquipment 2024-12-31 03237560 d:ComputerEquipment 2023-12-31 03237560 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03237560 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03237560 d:CurrentFinancialInstruments 2024-12-31 03237560 d:CurrentFinancialInstruments 2023-12-31 03237560 d:Non-currentFinancialInstruments 2024-12-31 03237560 d:Non-currentFinancialInstruments 2023-12-31 03237560 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03237560 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03237560 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 03237560 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03237560 d:ShareCapital 2024-12-31 03237560 d:ShareCapital 2023-12-31 03237560 d:SharePremium 2024-12-31 03237560 d:SharePremium 2023-12-31 03237560 d:CapitalRedemptionReserve 2024-12-31 03237560 d:CapitalRedemptionReserve 2023-12-31 03237560 d:RetainedEarningsAccumulatedLosses 2024-12-31 03237560 d:RetainedEarningsAccumulatedLosses 2023-12-31 03237560 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 03237560 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 03237560 c:OrdinaryShareClass1 2024-01-01 2024-12-31 03237560 c:OrdinaryShareClass1 2024-12-31 03237560 c:OrdinaryShareClass1 2023-12-31 03237560 c:OrdinaryShareClass2 2024-01-01 2024-12-31 03237560 c:OrdinaryShareClass2 2024-12-31 03237560 c:OrdinaryShareClass2 2023-12-31 03237560 c:OrdinaryShareClass3 2024-01-01 2024-12-31 03237560 c:OrdinaryShareClass3 2024-12-31 03237560 c:OrdinaryShareClass3 2023-12-31 03237560 c:FRS102 2024-01-01 2024-12-31 03237560 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03237560 c:FullAccounts 2024-01-01 2024-12-31 03237560 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03237560 d:WithinOneYear 2024-12-31 03237560 d:WithinOneYear 2023-12-31 03237560 d:BetweenOneFiveYears 2024-12-31 03237560 d:BetweenOneFiveYears 2023-12-31 03237560 5 2024-01-01 2024-12-31 03237560 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03237560










S.J.D. ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
S.J.D. ASSOCIATES LIMITED
REGISTERED NUMBER: 03237560

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
108,500
46,939

  
108,500
46,939

Current assets
  

Stocks
 5 
10,258
70,223

Debtors: amounts falling due within one year
 6 
1,037,818
713,264

Cash at bank and in hand
 7 
211,796
267,208

  
1,259,872
1,050,695

Creditors: amounts falling due within one year
 8 
(623,808)
(429,179)

Net current assets
  
 
 
636,064
 
 
621,516

Total assets less current liabilities
  
744,564
668,455

Creditors: amounts falling due after more than one year
 9 
(97,615)
(114,167)

Provisions for liabilities
  

Deferred tax
 10 
(27,125)
(11,734)

  
 
 
(27,125)
 
 
(11,734)

Net assets
  
619,824
542,554


Capital and reserves
  

Called up share capital 
 11 
222
222

Share premium account
  
19,978
19,978

Capital redemption reserve
  
100
100

Profit and loss account
  
599,524
522,254

  
619,824
542,554


Page 1

 
S.J.D. ASSOCIATES LIMITED
REGISTERED NUMBER: 03237560
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Ms Ruth Devine
Director

Date: 25 March 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

S.J.D. Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 19 Twizel Close, Stonebridge, Milton Keynes, Bucks, MK13 0DX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the life of the lease
Plant and machinery
-
20% reducing balance
Motor vehicles
-
15% reducing balance
Fixtures and fittings
-
20% reducing balance
Computer equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).

Page 7

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost


At 1 January 2024
82,374
25,006
41,823
11,264
21,951
182,418


Additions
8,020
3,067
79,590
1,097
10,953
102,727


Disposals
-
(2,621)
(26,690)
-
(2,846)
(32,157)



At 31 December 2024

90,394
25,452
94,723
12,361
30,058
252,988



Depreciation


At 1 January 2024
72,006
16,328
26,474
6,478
14,193
135,479


Charge for the year on owned assets
6,912
2,350
12,465
2,961
3,717
28,405


Disposals
-
(2,216)
(14,848)
-
(2,332)
(19,396)



At 31 December 2024

78,918
16,462
24,091
9,439
15,578
144,488



Net book value



At 31 December 2024
11,476
8,990
70,632
2,922
14,480
108,500



At 31 December 2023
10,368
8,678
15,349
4,786
7,758
46,939


5.


Stocks

2024
2023
£
£

Raw materials and consumables
10,258
8,158

Work in progress
-
62,065

10,258
70,223


Page 8

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
474,582
214,722

Amounts owed by group undertakings
284,830
261,860

Other debtors
238,879
205,957

Prepayments and accrued income
39,527
30,725

1,037,818
713,264



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
211,796
267,208



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
40,000
40,000

Trade creditors
355,182
246,036

Corporation tax
94,048
61,823

Other taxation and social security
35,149
40,407

Obligations under finance lease and hire purchase contracts
14,451
-

Other creditors
32,689
2,667

Accruals and deferred income
42,289
28,246

623,808
429,179


Page 9

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,167
14,167

Other loans
60,000
100,000

Net obligations under finance leases and hire purchase contracts
33,448
-

97,615
114,167


The following liabilities were secured:

2024
2023
£
£



Due within one year
40,000
40,000

Due after one year
60,000
100,000

100,000
140,000

Details of security provided:

Meif Esem Debt LP hold a fixed and floating charge over assets held by the company in respect of the loan received in the year. 

Page 10

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
11,734
11,399


Charged to profit or loss
15,391
335



At end of year
27,125
11,734

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
27,125
11,734


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100
100 (2023 - 100) Ordinary A shares of £1 each
100
100
22 (2023 - 22) Ordinary B shares of £1 each
22
22

222

222


Page 11

 
S.J.D. ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


12.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
37,738
78,813

Later than 1 year and not later than 5 years
13,282
25,478

51,020
104,291

In 2022, the Company entered into a rental lease agreement with an associated company, SJD Property Limited. Allica Bank Limited hold a fixed and floating charge over all freehold and leasehold properties in both companies in respect of the property owned by SJD Property Limited. 

 
Page 12