Registered number
07717970
SJK Builders Limited
Unaudited Filleted Accounts
30 September 2024
SJK Builders Limited
Registered number: 07717970
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 67,514 36,152
Current assets
Stocks 1,500 4,500
Debtors 4 3,460 55,005
Cash at bank and in hand 95,828 33,902
100,788 93,407
Creditors: amounts falling due within one year 5 (52,429) (43,295)
Net current assets 48,359 50,112
Total assets less current liabilities 115,873 86,264
Creditors: amounts falling due after more than one year 6 (12,667) (22,167)
Provisions for liabilities (12,828) (6,869)
Net assets 90,378 57,228
Capital and reserves
Called up share capital 3 3
Profit and loss account 90,375 57,225
Shareholders' funds 90,378 57,228
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.
Mr S J Knight
Director
Approved by the board on 25 March 2025
SJK Builders Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Computer equipment 20% on cost
Stocks
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.
Debtors
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 initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in "other operating income" within profit and loss in the same period as the related expenditure.
Taxation
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 11,555 109,847 121,402
Additions - 48,892 48,892
At 30 September 2024 11,555 158,739 170,294
Depreciation
At 1 October 2023 7,753 77,497 85,250
Charge for the year 1,283 16,247 17,530
At 30 September 2024 9,036 93,744 102,780
Net book value
At 30 September 2024 2,519 64,995 67,514
At 30 September 2023 3,802 32,350 36,152
4 Debtors 2024 2023
£ £
Trade debtors 633 22,374
Other debtors 2,827 32,631
3,460 55,005
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,500 9,500
Corporation Tax 13,804 19,273
Trade creditors 9,786 7,595
Directors current account 604 242
Taxation and social security costs 17,735 5,685
Accruals 1,000 1,000
52,429 43,295
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,667 22,167
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 4,050 810
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr SJ Knight
Loan repayable by 30 June 2024 30,000 - (30,000) -
30,000 - (30,000) -
9 Related party transactions
During the year total dividends of £38,500 (2023: £47,000) were paid to the directors.
10 Controlling party
The ultimate controlling party is Mr S J Knight.
11 Other information
SJK Builders Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street
London
England
EC2A 4DJ
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