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REGISTERED NUMBER: 12350215 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2022

for

SJP Commerce Ltd

SJP Commerce Ltd (Registered number: 12350215)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJP Commerce Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr S J Parkin





REGISTERED OFFICE: The Old Bakery
James Street
Brigg
DN20 8LS





REGISTERED NUMBER: 12350215 (England and Wales)

SJP Commerce Ltd (Registered number: 12350215)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 48,297 57,227

CURRENT ASSETS
Stocks 570,503 474,496
Debtors 5 109,186 34,280
Cash at bank and in hand 120,344 137,291
800,033 646,067
CREDITORS
Amounts falling due within one year 6 524,718 437,557
NET CURRENT ASSETS 275,315 208,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,612

265,737

CREDITORS
Amounts falling due after more than one
year

7

70,957

86,032
NET ASSETS 252,655 179,705

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 252,555 179,605
252,655 179,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

SJP Commerce Ltd (Registered number: 12350215)

Balance Sheet - continued
31 December 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 May 2025 and were signed by:





Mr S J Parkin - Director


SJP Commerce Ltd (Registered number: 12350215)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

SJP Commerce Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

SJP Commerce Ltd (Registered number: 12350215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 75,042
Additions 1,000
At 31 December 2022 76,042
DEPRECIATION
At 1 January 2022 17,815
Charge for year 9,930
At 31 December 2022 27,745
NET BOOK VALUE
At 31 December 2022 48,297
At 31 December 2021 57,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 17,000 34,280
Other debtors 92,186 -
109,186 34,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 252,453 196,412
Taxation and social security 114,802 86,766
Other creditors 157,463 154,379
524,718 437,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 34,340 44,388
Hire purchase contracts 36,617 41,644
70,957 86,032

SJP Commerce Ltd (Registered number: 12350215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 36,617 41,644