REGISTERED NUMBER: 04923039 (England and Wales)

Financial Statements for the Year Ended 31st October 2024

for

SJ AGRICULTURAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S James

REGISTERED OFFICE:

Greengrass Fram

West Marsh Lane

Barrow Haven

Barrow On Humber

North Lincolnshire

DN19 7EZ

REGISTERED NUMBER:

04923039 (England and Wales)

ACCOUNTANTS:

Peter R Burton Accountants

43 Oswald Road

Scunthorpe

North Lincolnshire

DN15 7PN

FIXED ASSETS

Tangible assets

4

10,050

5,027

CURRENT ASSETS

Debtors

5

4,450

4,930

Cash at bank

613

252

5,063

5,182

CREDITORS

Amounts falling due within one year

6

4,054

2,116

NET CURRENT ASSETS

1,009

3,066

TOTAL ASSETS LESS CURRENT LIABILITIES

11,059

8,093

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

11,058

8,092

SHAREHOLDERS' FUNDS

11,059

8,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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.

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 17th April 2025 and were signed by:

S James - Director

1.	STATUTORY INFORMATION

SJ AGRICULTURAL LIMITED 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.

Freehold property

-

10% on reducing balance

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1st November 2023

10,435

27,215

2,700

40,350

Additions

-

6,660

-

6,660

At 31st October 2024

10,435

33,875

2,700

47,010

DEPRECIATION

At 1st November 2023

8,047

24,624

2,652

35,323

Charge for year

239

1,388

10

1,637

At 31st October 2024

8,286

26,012

2,662

36,960

NET BOOK VALUE

At 31st October 2024

2,149

7,863

38

10,050

At 31st October 2023

2,388

2,591

48

5,027

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

-

480

Other debtors

4,450

4,450

4,450

4,930

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

770

1,302

Other creditors

3,284

814

4,054

2,116

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1st November 2023

8,092

Profit for the year

3,966

Dividends

(1,000

)

At 31st October 2024

11,058