SJB Electrical SW Ltd 09170429 true 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is property and building maintenance Digita Accounts Production Advanced 6.30.9574.0 true Mr Stephen Barber Mrs Joanna Barber 09170429 2023-09-01 2024-08-31 09170429 2024-08-31 09170429 bus:Director2 1 2024-08-31 09170429 bus:OrdinaryShareClass1 2024-08-31 09170429 core:RetainedEarningsAccumulatedLosses 2024-08-31 09170429 core:ShareCapital 2024-08-31 09170429 core:FinanceLeases core:CurrentFinancialInstruments 2024-08-31 09170429 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 09170429 core:FurnitureFittingsToolsEquipment 2024-08-31 09170429 core:MotorVehicles 2024-08-31 09170429 bus:FRS102 2023-09-01 2024-08-31 09170429 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09170429 bus:FullAccounts 2023-09-01 2024-08-31 09170429 bus:RegisteredOffice 2023-09-01 2024-08-31 09170429 bus:CompanySecretary1 2023-09-01 2024-08-31 09170429 bus:Director2 2023-09-01 2024-08-31 09170429 bus:Director2 1 2023-09-01 2024-08-31 09170429 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09170429 bus:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 09170429 bus:Consolidated 2023-09-01 2024-08-31 09170429 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09170429 core:MotorVehicles 2023-09-01 2024-08-31 09170429 countries:EnglandWales 2023-09-01 2024-08-31 09170429 2023-08-31 09170429 bus:Director2 1 2023-08-31 09170429 core:FurnitureFittingsToolsEquipment 2023-08-31 09170429 core:MotorVehicles 2023-08-31 09170429 2023-08-31 09170429 bus:Director2 1 2023-08-31 09170429 bus:OrdinaryShareClass1 2023-08-31 09170429 core:RetainedEarningsAccumulatedLosses 2023-08-31 09170429 core:ShareCapital 2023-08-31 09170429 core:FinanceLeases core:CurrentFinancialInstruments 2023-08-31 09170429 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09170429 core:FurnitureFittingsToolsEquipment 2023-08-31 09170429 core:MotorVehicles 2023-08-31 09170429 bus:Director2 1 2022-09-01 2023-08-31 09170429 bus:Director2 1 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09170429

SJB Electrical SW Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

SJB Electrical SW Ltd

Profit and Loss Account for the Year Ended 31 August 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

SJB Electrical SW Ltd

(Registration number: 09170429)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

6,037

6,037

Current assets

 

Cash at bank and in hand

 

267

267

Creditors: Amounts falling due within one year

5

(10,585)

(10,585)

Net current liabilities

 

(10,318)

(10,318)

Net liabilities

 

(4,281)

(4,281)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(4,283)

(4,283)

Shareholders' deficit

 

(4,281)

(4,281)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

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

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 28 April 2025
 

.........................................
Mr Stephen Barber
Director

 

SJB Electrical SW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
19 Chiltern Close
Livermead
Torquay
TQ2 6UD

These financial statements were authorised for issue by the director on 28 April 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.

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:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing balance

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.

 

SJB Electrical SW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

 

SJB Electrical SW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

474

13,995

14,469

At 31 August 2024

474

13,995

14,469

Depreciation

At 1 September 2023

341

8,091

8,432

At 31 August 2024

341

8,091

8,432

Carrying amount

At 31 August 2024

133

5,904

6,037

At 31 August 2023

133

5,904

6,037

4

Cash and cash equivalents

2024
£

2023
£

Cash on hand

152

152

Cash at bank

115

115

267

267

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

9,092

9,092

Trade creditors

 

2,200

2,200

Amounts due to related parties

8

13,315

13,315

Social security and other taxes

 

(27,257)

(27,257)

Other payables

 

286

286

Accruals

 

6,531

6,531

Income tax liability

6,418

6,418

 

10,585

10,585

6

Share capital

Allotted, called up and fully paid shares

 

SJB Electrical SW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Finance lease liabilities

9,092

9,092

8

Related party transactions

 

SJB Electrical SW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Transactions with the director

2024

At 1 September 2023
£

At 31 August 2024
£

Mr Stephen Barber

Mr Stephen Barber

(13,315)

(13,315)

2023

At 1 September 2022
£

Repayments by director
£

At 31 August 2023
£

Mr Stephen Barber

Mr Stephen Barber

(1,865)

(11,450)

(13,315)

 

SJB Electrical SW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Dividends paid to the director

2024
£

2023
£

Mr Stephen Barber

Mr Stephen Barber

-

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