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REGISTERED NUMBER: 12350215 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

SJP Commerce Ltd

SJP Commerce Ltd (Registered number: 12350215)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJP Commerce Ltd

Company Information
for the Year Ended 31 December 2023







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 2023

2023 2022
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 42,794 48,297

CURRENT ASSETS
Stocks 546,052 570,503
Debtors 5 92,369 109,186
Cash at bank and in hand 230,794 120,344
869,215 800,033
CREDITORS
Amounts falling due within one year 6 511,829 524,718
NET CURRENT ASSETS 357,386 275,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,180

323,612

CREDITORS
Amounts falling due after more than one
year

7

55,956

70,957
NET ASSETS 344,224 252,655

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 344,124 252,555
344,224 252,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 2023


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 6 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 2023


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

SJP Commerce Ltd (Registered number: 12350215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 76,042
Additions 2,049
At 31 December 2023 78,091
DEPRECIATION
At 1 January 2023 27,745
Charge for year 7,552
At 31 December 2023 35,297
NET BOOK VALUE
At 31 December 2023 42,794
At 31 December 2022 48,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 17,000
Other debtors 92,369 92,186
92,369 109,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 253,188 252,453
Taxation and social security 142,214 114,802
Other creditors 116,427 157,463
511,829 524,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,367 34,340
Hire purchase contracts 31,589 36,617
55,956 70,957

SJP Commerce Ltd (Registered number: 12350215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 31,589 36,617