Accounts



















	S & J ELECTRICAL LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 DECEMBER 2024

	S & J ELECTRICAL LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024


	DIRECTORS

	S Harding
	J Harding


	SECRETARY

	J Harding

	REGISTERED OFFICE

	25 Park Street West Luton Beds LU1 3BE


	COMPANY REGISTERED NUMBER

	05654704


	BANKERS

	Barclays Bank Plc


	ACCOUNTANTS

	Haartwells Ltd
	Chartered Certified Accountants
	25 Park Street West Luton Bedfordshire LU1 3BE

	page 1

	S & J ELECTRICAL LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024




	CONTENTS

	Pages


	3	Statement of Financial Position


	4-6	Notes to the Financial Statements

	page 2

S & J ELECTRICAL LTD
Company registered number: 05654704
STATEMENT OF FINANCIAL POSITION AT 31 December 2024

	Note	2024		2023
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		59,606	52,361
CURRENT ASSETS
Inventories		8,942		8,128
Debtors	4	163,249		139,283
Cash at bank and in hand		106,139		113,236
		278,330		260,647
CREDITORS: Amounts falling due within one year	5	129,387		125,989
NET CURRENT ASSETS			148,943	134,658
NET ASSETS			£208,549	£187,019

CAPITAL AND RESERVES
Called up share capital			2	2
Retained earnings			208,547	187,017
SHAREHOLDERS' FUNDS			£208,549	£187,019



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 19 August 2025

	Signed on behalf of the board of directors



	S Harding, Director

	The notes on pages 4-6 form part of these financial statements

	page 3



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	S & J Electrical Ltd is a Private Limited company incorporated in England and Wales..

	The company's registered number and registered office address can be found on the Company Information page.

	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 January 2024.

	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

	Basis of accounting


	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.


1e.	Taxation


	Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


1f.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Plant and machinery	Reducing balance 25%
	Vehicles	Reducing balance 25%
	Fixtures and fittings	Reducing balance 25%
	Equipment	Reducing balance 25%

	The notes on pages 4-6 form part of these financial statements

	page 4



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1g.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.


1h.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1i.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


1j.	Interest bearing borrowings

	All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2024	2023

	Management and administration	3	3
	Production and sales	3	4
		6	7

	The notes on pages 4-6 form part of these financial statements

	page 5


3.	PROPERTY, PLANT AND EQUIPMENT
		Plant &	Fixtures &
		Machinery	Equipment	Total
		£	£	£
	Cost

	At 1 January 2024	121,294	82,786	204,080
	Additions other than through business combinations	25,560	1,554	27,114

	At 31 December 2024	146,854	84,340	231,194

	Depreciation

	At 1 January 2024	77,983	73,736	151,719
	For the year	17,218	2,651	19,869
	At 31 December 2024	95,201	76,387	171,588

	Net Book Amounts

	At 31 December 2024	51,653	7,953	59,606
	At 31 December 2023	43,311	9,050	52,361



4.	DEBTORS	2024	2023
		£	£
	Trade debtors	162,214	103,424
	Social security and other taxes	1,035	35,859
		£163,249	£139,283



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£
	Trade creditors	35,833	16,780
	Corporation tax	22,607	19,622
	Other taxes and social security	9,636	9,248
	Other creditors	59,811	79,089
	Accruals and deferred income	1,500	1,250
		£129,387	£125,989

	The notes on pages 4-6 form part of these financial statements

	page 6