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Registration number: 09807269

SJS Electrical Contractors Limited

Unaudited Filleted Financial Statements

for the Period from 28 October 2023 to 26 October 2024

 

SJS Electrical Contractors Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

SJS Electrical Contractors Limited

Company Information

Director

Mr S Sproston

Registered office

3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

Accountants

G W Kelly & Company
Chartered Certified Accountants3 Stadium Court
Plantation Road
Bromborough
Merseyside
CH62 3QG

 

SJS Electrical Contractors Limited

(Registration number: 09807269)
Balance Sheet as at 26 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,001

18,676

Current assets

 

Debtors

5

299,338

505,409

Cash at bank and in hand

 

19,586

1,937

 

318,924

507,346

Creditors: Amounts falling due within one year

6

(259,876)

(496,289)

Net current assets

 

59,048

11,057

Total assets less current liabilities

 

73,049

29,733

Creditors: Amounts falling due after more than one year

6

-

(15,855)

Provisions for liabilities

(2,660)

(3,548)

Net assets

 

70,389

10,330

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

70,388

10,329

Shareholders' funds

 

70,389

10,330

For the financial period ending 26 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 August 2025
 

 

SJS Electrical Contractors Limited

(Registration number: 09807269)
Balance Sheet as at 26 October 2024

.........................................
Mr S Sproston
Director

 

SJS Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2023 to 26 October 2024

1

General information

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

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

The principal place of business is:
3 The Courtyard
Old Court House Road
Bromborough
Wirral
CH62 4UE

These financial statements were authorised for issue by the director on 1 August 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 were prepared in accordance with Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

SJS Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2023 to 26 October 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Office Equipment

33% 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

SJS Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2023 to 26 October 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

SJS Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2023 to 26 October 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 15 (2023 - 20).

 

SJS Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2023 to 26 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 28 October 2023

878

71,334

72,212

At 26 October 2024

878

71,334

72,212

Depreciation

At 28 October 2023

799

52,737

53,536

Charge for the period

26

4,649

4,675

At 26 October 2024

825

57,386

58,211

Carrying amount

At 26 October 2024

53

13,948

14,001

At 27 October 2023

79

18,597

18,676

5

Debtors

Current

2024
£

2023
£

Trade debtors

93,718

192,423

Other debtors

205,620

312,986

 

299,338

505,409

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

40,883

49,274

Trade creditors

 

72,236

309,001

Taxation and social security

 

140,940

133,128

Other creditors

 

5,817

4,886

 

259,876

496,289

 

SJS Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2023 to 26 October 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

15,855

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

15,855

9

Related party transactions

Transactions with the director

2024

At 28 October 2023
£

Repayments by director
£

At 26 October 2024
£

Mr S Sproston

Loan

101,768

(101,768)

-

2023

At 30 October 2022
£

Advances to director
£

Repayments by director
£

At 27 October 2023
£

Mr S Sproston

Loan

45,000

101,768

(45,000)

101,768

 

SJS Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Period from 28 October 2023 to 26 October 2024

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

2023
£

Remuneration

12,237

12,570