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Company Registration No. 12371369 (England and Wales)
SPJ Contracting Ltd Unaudited accounts for the year ended 31 December 2024
SPJ Contracting Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SPJ Contracting Ltd Company Information for the year ended 31 December 2024
Director
John Patrick Scully
Company Number
12371369 (England and Wales)
Registered Office
490 WEST WYCOMBE ROAD HIGH WYCOMBE HP12 4AH ENGLAND
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SPJ Contracting Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
91,719
89,391
Current assets
Debtors
5
1,451,827
723,330
Cash at bank and in hand
761,113
838,510
2,212,940
1,561,840
Creditors: amounts falling due within one year
6
(922,175)
(1,073,640)
Net current assets
1,290,765
488,200
Net assets
1,382,484
577,591
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,382,483
577,590
Shareholders' funds
1,382,484
577,591
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2025 and were signed on its behalf by
John Patrick Scully Director Company Registration No. 12371369
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SPJ Contracting Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SPJ Contracting Ltd is a private company, limited by shares, registered in England and Wales, registration number 12371369. The registered office is 490 WEST WYCOMBE ROAD, HIGH WYCOMBE, HP12 4AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
10%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SPJ Contracting Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
98,514
80,470
178,984
Additions
-
30,178
30,178
At 31 December 2024
98,514
110,648
209,162
Depreciation
At 1 January 2024
68,808
20,785
89,593
Charge for the year
19,702
8,148
27,850
At 31 December 2024
88,510
28,933
117,443
Net book value
At 31 December 2024
10,004
81,715
91,719
At 31 December 2023
29,706
59,685
89,391
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
80,449
153,920
Trade debtors
525,716
140,064
Accrued income and prepayments
43,488
43,488
Other debtors
802,174
385,858
1,451,827
723,330
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
25,680
19,793
Obligations under finance leases and hire purchase contracts
5,812
-
Trade creditors
383,204
771,372
Taxes and social security
398,361
201,240
Other creditors
55,118
-
Accruals
54,000
81,235
922,175
1,073,640
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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