SJB Floodlighting Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06764573

SJB Floodlighting Limited

Filleted Unaudited Financial Statements

31 December 2024

SJB Floodlighting Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	6		16,521		5,366

Current assets

Stocks		12,350	10,425
Debtors	7	30,674	51,058
Cash at bank and in hand		52	108,755
		--------	---------
		43,076	170,238

Creditors: amounts falling due within one year	8	119,589		130,720
		---------		---------
Net current (liabilities)/assets			( 76,513)		39,518
			--------		--------
Total assets less current liabilities			( 59,992)		44,884

Creditors: amounts falling due after more than one year	9	1,367	14,467
		--------	--------
Net (liabilities)/assets		( 61,359)	30,417
		--------	--------

Capital and reserves

Called up share capital	10	3	3
Profit and loss account		( 61,362)	30,414
		--------	--------
Shareholders (deficit)/funds		( 61,359)	30,417
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SJB Floodlighting Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mrs C L Blunden

Director

Company registration number: 06764573

SJB Floodlighting Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).

5. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2024	2023
	£	£
	40,000	61,126
	--------	--------

During the year the company paid dividends in excess of its distributable profit in contravention of section 830 of the Companies Act 2006. The directors were not aware that this had occurred at the time the dividend was paid. The error occurred owing to a miscalculation of the profits. The shareholder is aware of their responsibilities

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2024	21,074	19,099	40,173
Additions	12,497	–	12,497
	--------	--------	--------
At 31 December 2024	33,571	19,099	52,670
	--------	--------	--------
Depreciation
At 1 January 2024	17,175	17,632	34,807
Charge for the year	975	367	1,342
	--------	--------	--------
At 31 December 2024	18,150	17,999	36,149
	--------	--------	--------
Carrying amount
At 31 December 2024	15,421	1,100	16,521
	--------	--------	--------
At 31 December 2023	3,899	1,467	5,366
	--------	--------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	25,985	50,410
Corporation tax repayable	4,041	–
Other debtors	648	648
	--------	--------
	30,674	51,058
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	13,798	10,000
Trade creditors	25,566	61,316
Accruals and deferred income	14,317	2,225
Corporation tax	–	28,074
Social security and other taxes	26,658	26,137
Director loan accounts	557	2,968
Other creditors	38,693	–
	---------	---------
	119,589	130,720
	---------	---------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,367	14,467
	-------	--------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
A Ordinary shares of £ 1 each	1	1	1	1
B Ordinary shares of £ 1 each	1	1	1	1
C Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----
	3	3	3	3
	----	----	----	----

11. Related party transactions

At the year end, the company owed the directors £1,023 (2023: £2,968). This loan is interest free and included within creditors.