REGISTERED NUMBER: 03126300 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th November 2025

for

SFJ Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S F Jonik

Mr N S Jonik

SECRETARY:

Mrs J A N Jonik

REGISTERED OFFICE:

Andil House

Court Street

Trowbridge

Wiltshire

BA14 8BR

REGISTERED NUMBER:

03126300 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

1,022

325

Investments

5

13,976

14,549

14,998

14,874

CURRENT ASSETS

Stocks

6

15,995

15,994

Debtors

7

1,778

7,551

Cash at bank

38,503

35,697

56,276

59,242

CREDITORS

Amounts falling due within one year

8

23,165

32,888

NET CURRENT ASSETS

33,111

26,354

TOTAL ASSETS LESS CURRENT LIABILITIES

48,109

41,228

PROVISIONS FOR LIABILITIES

1,900

1,876

NET ASSETS

46,209

39,352

CAPITAL AND RESERVES

Called up share capital

10

100

100

Non-distributable reserve

11

7,271

7,735

Retained earnings

11

38,838

31,517

SHAREHOLDERS' FUNDS

46,209

39,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th April 2026 and were signed on its behalf by:

Mr S F Jonik - Director

1.	STATUTORY INFORMATION

SFJ Systems Limited 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 as modified by the revaluation of certain assets.

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.

Plant and machinery

-

40% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors, other debtors, cash and bank balances are initially measured at transaction price. They are subsequently measured at amortised cost, using the effective interest method, except where amounts fall due within one year, in which case they remain at the transaction price as discounting is not required for short term balances

Where payment terms extend beyond normal business terms, or the arrangement includes a financing element, the financial asset is measured at the present value of future cash flows, discounted at a market rate of interest.

Trade creditors, loans and accruals are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction, in which case liabilities are measured at the present value of future payments discounted at a market rate of interest.

Financial assets measured at cost or amortised cost are assessed for impairment at the reporting date. Any impairment loss is recognised in the profit and loss account. Reversals of impairment are recognised immediately when the estimated recoverable amount increases, provided the revised carrying value does not exceed the original carrying amount had no impairment occurred.

Financial assets and financial liabilities are only offset when the company has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Research and development

Expenditure on research and development is charged to the profit and loss account as incurred.

Functional and presentation currency

The financial statements are presented in £ sterling, which is the company's functional and presentation currency.

Cash & cash equivalents

Cash and cash equivalents consist solely of the balance held in the company's bank current account. Cash is defined as cash on hand and demand deposits, while cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company does not hold any short term investments and does not operate an overdraft facility.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st December 2024

63,223

345

4,356

67,924

Additions

-

-

984

984

At 30th November 2025

63,223

345

5,340

68,908

DEPRECIATION

At 1st December 2024

62,975

268

4,356

67,599

Charge for year

100

19

168

287

At 30th November 2025

63,075

287

4,524

67,886

NET BOOK VALUE

At 30th November 2025

148

58

816

1,022

At 30th November 2024

248

77

-

325

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st December 2024

14,549

Revaluations

(573

)

At 30th November 2025

13,976

NET BOOK VALUE

At 30th November 2025

13,976

At 30th November 2024

14,549

Cost or valuation at 30th November 2025 is represented by:

Other

investments

£

Valuation in 2018

5,383

Valuation in 2019

567

Valuation in 2020

453

Valuation in 2021

2,402

Valuation in 2022

(33

)

Valuation in 2023

249

Valuation in 2024

528

Valuation in 2025

(573

)

Cost

5,000

13,976

6.

STOCKS

30.11.25

30.11.24

£

£

Work-in-progress

15,995

15,994

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

-

6,000

Prepayments

1,778

1,551

1,778

7,551

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Tax

6,014

7,300

Social security and other taxes

2,825

3,773

Pensions

451

467

VAT

10,116

11,126

Directors' current accounts

5

5,276

Deferred income

1,694

2,744

Accrued expenses

2,060

2,202

23,165

32,888

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.25

30.11.24

£

£

Within one year

9,651

5,735

Between one and five years

6,831

6,690

16,482

12,425

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

60

Ordinary A

£1

60

60

40

Ordinary B

£1

40

40

100

100

11.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

£

£

At 1st December 2024

31,517

7,735

39,252

Profit for the year

32,707

32,707

Dividends

(25,850

)

(25,850

)

Assets revalued in period

464

(464

)

-

At 30th November 2025

38,838

7,271

46,109

12.	CONTINGENT LIABILITIES

The company had no contingent liabilities.

13.	POST BALANCE SHEET EVENTS

There were no post balance sheet events.