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REGISTERED NUMBER: 03126300 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 November 2024

for

SFJ Systems Limited

SFJ Systems Limited (Registered number: 03126300)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SFJ Systems Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr S F Jonik
Mr N S Jonik





SECRETARY: Mrs J A N Jonik





REGISTERED OFFICE: Andil House
Court Street
Trowbridge
Wiltshire
BA14 8BR





REGISTERED NUMBER: 03126300 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

SFJ Systems Limited (Registered number: 03126300)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325 1,399
Investments 5 14,549 10,021
14,874 11,420

CURRENT ASSETS
Stocks 6 15,994 15,495
Debtors 7 7,551 23,920
Cash at bank 35,697 12,188
59,242 51,603
CREDITORS
Amounts falling due within one year 8 32,888 27,256
NET CURRENT ASSETS 26,354 24,347
TOTAL ASSETS LESS CURRENT LIABILITIES 41,228 35,767

PROVISIONS FOR LIABILITIES 1,876 1,980
NET ASSETS 39,352 33,787

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non-distributable reserve 11 7,735 7,307
Retained earnings 11 31,517 26,380
SHAREHOLDERS' FUNDS 39,352 33,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SFJ Systems Limited (Registered number: 03126300)

Balance Sheet - continued
30 November 2024


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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mr S F Jonik - Director


SFJ Systems Limited (Registered number: 03126300)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

SFJ Systems 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 as modified by the revaluation of certain assets.

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 - 40% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Research and development
Expenditure on research and development is charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SFJ Systems Limited (Registered number: 03126300)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 63,223 345 4,356 67,924
DEPRECIATION
At 1 December 2023 62,809 243 3,473 66,525
Charge for year 166 25 883 1,074
At 30 November 2024 62,975 268 4,356 67,599
NET BOOK VALUE
At 30 November 2024 248 77 - 325
At 30 November 2023 414 102 883 1,399

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 10,021
Additions 4,000
Disposals (1,885 )
Revaluations 2,413
At 30 November 2024 14,549
NET BOOK VALUE
At 30 November 2024 14,549
At 30 November 2023 10,021

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2018 5,383
Valuation in 2019 567
Valuation in 2020 453
Valuation in 2021 2,402
Valuation in 2022 (33 )
Valuation in 2023 249
Valuation in 2024 528
Cost 5,000
14,549

SFJ Systems Limited (Registered number: 03126300)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. STOCKS
30.11.24 30.11.23
£    £   
Work-in-progress 15,994 15,495

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 6,000 22,114
Prepayments 1,551 1,806
7,551 23,920

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 2,880
Tax 7,300 6,588
Social security and other taxes 3,773 3,047
Pensions 467 446
VAT 11,126 10,250
Directors' current accounts 5,276 -
Deferred income 2,744 -
Accrued expenses 2,202 4,045
32,888 27,256

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.24 30.11.23
£    £   
Within one year 5,735 -
Between one and five years 6,690 -
12,425 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

SFJ Systems Limited (Registered number: 03126300)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

11. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 December 2023 26,380 7,307 33,687
Profit for the year 30,107 30,107
Dividends (24,543 ) (24,543 )
Assets revalued in period (427 ) 428 1
At 30 November 2024 31,517 7,735 39,252