REGISTERED NUMBER: 13115825 (England and Wales)

S J INSULATIONS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Johnson

B Simpson

REGISTERED OFFICE:

Lacken

The Green

Dunham-On-Trent

Newark

NG22 0TU

REGISTERED NUMBER:

13115825 (England and Wales)

ACCOUNTANTS:

W H Prior

Chartered Certified Accountants

Railway Court

Off Ten Pound Walk

Doncaster

South Yorkshire

DN4 5FB

FIXED ASSETS

Tangible assets

4

115,989

91,164

Investments

5

50

640,000

116,039

731,164

CURRENT ASSETS

Stocks

21,760

50,000

Debtors

6

1,022,431

330,731

Investments

7

176,000

-

Cash at bank

69,026

249,112

1,289,217

629,843

CREDITORS

Amounts falling due within one year

8

278,051

382,267

NET CURRENT ASSETS

1,011,166

247,576

TOTAL ASSETS LESS CURRENT LIABILITIES

1,127,205

978,740

CREDITORS

Amounts falling due after more than one year

9

(19,609

)

(29,770

)

PROVISIONS FOR LIABILITIES

(29,622

)

(22,791

)

NET ASSETS

1,077,974

926,179

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,077,972

926,177

1,077,974

926,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th October 2025 and were signed on its behalf by:

B J Johnson - Director

B Simpson - Director

1.	STATUTORY INFORMATION

S J Insulations Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about S J Insulations Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2024

126,928

Additions

54,301

At 31st January 2025

181,229

DEPRECIATION

At 1st February 2024

35,764

Charge for year

29,476

At 31st January 2025

65,240

NET BOOK VALUE

At 31st January 2025

115,989

At 31st January 2024

91,164

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st February 2024

and 31st January 2025

53,464

DEPRECIATION

At 1st February 2024

19,247

Charge for year

6,843

At 31st January 2025

26,090

NET BOOK VALUE

At 31st January 2025

27,374

At 31st January 2024

34,217

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st February 2024

640,000

Reclassification/transfer

(639,950

)

At 31st January 2025

50

NET BOOK VALUE

At 31st January 2025

50

At 31st January 2024

640,000

The company owns a 50% shareholding in Excel Trucks Holdings Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

87,637

25,467

Other debtors

934,794

305,264

1,022,431

330,731

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

176,000

-

During the year the company made an investment of £176,000 in digital currency.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

10,610

9,372

Trade creditors

36,231

89,163

Taxation and social security

99,003

223,765

Other creditors

132,207

59,967

278,051

382,267

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

19,609

29,770

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

10,610

9,372

Between one and five years

19,609

29,770

30,219

39,142

Non-cancellable

operating leases

2025

2024

£

£

Within one year

23,740

23,740

Between one and five years

33,631

57,371

57,371

81,111

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

30,219

39,142

12.	RELATED PARTY DISCLOSURES

During the year monies were lent to a subsidiary company Excel Trucks Holdings Ltd, the balance owing at 31st January 2025 is £809,950 (2024: £80,000) The loan is free of interest and is repayable on demand.