REGISTERED NUMBER: 06288315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

SJAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Green

Joe A Green

A J Green

M J Green

Miss J R Green

James A Green

SECRETARY:

Mrs S Green

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

06288315 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

63,868

34,513

CURRENT ASSETS

Debtors

5

2,332,070

2,351,685

Cash at bank and in hand

360,445

592,392

2,692,515

2,944,077

CREDITORS

Amounts falling due within one year

6

47,970

447,334

NET CURRENT ASSETS

2,644,545

2,496,743

TOTAL ASSETS LESS CURRENT LIABILITIES

2,708,413

2,531,256

CREDITORS

Amounts falling due after more than one year

7

890,244

777,476

NET ASSETS

1,818,169

1,753,780

CAPITAL AND RESERVES

Called up share capital

9

259,856

222,624

Capital redemption reserve

1,150,000

1,000,000

Retained earnings

408,313

531,156

SHAREHOLDERS' FUNDS

1,818,169

1,753,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 23 July 2026 and were signed on its behalf by:

A J Green - Director

1.	STATUTORY INFORMATION

SJAM 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Revenue represents finance charges derived from finance leases and instalment credit agreements, fees and commissions receivable. The finance charges are recognised on a time proportion basis that takes into account the interest rate implicit in the agreement.

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

-

25% on reducing balance and Straight line over 3 years

Motor vehicles

-

25% on reducing balance

Taxation

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

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.

Finance leases and instalment credit agreements

The net investment in finance leases and instalment credit agreements represents the future lease rentals and instalments receivable less profit and costs allocated to future periods. Income is recognised throughout the life of the deal to provide a constant rate of return on the net cash investment in each lease or instalment credit agreement. This income recognition policy has been selected due to it matching the total gross earnings to each accounting period during the term of the lease or instalment credit agreement so that earnings are matched with the associated expense.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2025

25,516

61,428

86,944

Additions

5,292

65,000

70,292

Disposals

(2,281

)

(60,979

)

(63,260

)

At 31 January 2026

28,527

65,449

93,976

DEPRECIATION

At 1 February 2025

21,759

30,672

52,431

Charge for year

1,704

8,132

9,836

Eliminated on disposal

(1,908

)

(30,251

)

(32,159

)

At 31 January 2026

21,555

8,553

30,108

NET BOOK VALUE

At 31 January 2026

6,972

56,896

63,868

At 31 January 2025

3,757

30,756

34,513

5.

DEBTORS

31.1.26

31.1.25

£

£

Amounts falling due within one year:

Trade debtors

3,280

-

Finance lease and hire

purchase receivables

1,262,523

1,175,761

Other debtors

17,580

16,128

1,283,383

1,191,889

Amounts falling due after more than one year:

Finance lease and hire

purchase receivables

1,048,687

1,159,796

1,048,687

1,159,796

Aggregate amounts

2,332,070

2,351,685

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

3,555

401,694

Taxation and social security

21,228

29,308

Other creditors

23,187

16,332

47,970

447,334

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Other creditors

890,244

777,476

8.

LOANS

Allotted, issued and fully paid

31.1.26

31.1.25

£

£

850,000 2% redeemable cumulative preference shares of £1 each

712,466

777,476

As at 31 January 2026

712,466

777,476

The 2% redeemable cumulative preference shares are classified as compound financial instruments, which have the characteristics of both debt and equity and may be redeemed any time after the first anniversary of the date of allotment or in any event on 31 January 2030 at par.

The debt element is the net present value of the liability relating to the future dividend stream and redemption and has been calculated using an equivalent rate of 6.75%, being the directors estimate of the cost of capital.

Debt

Equity

Element

Element

Total

2% redeemable cumulative preference shares

712,466

137,534

850,000

As at 31 January 2026

712,466

137,534

850,000

Allotted, issued and fully paid

31.1.26

31.1.25

£

£

300,000 4% redeemable preference shares of £1 each

177,778

-

As at 31 January 2026

177,778

-

The 4% redeemable preference shares are classified as compound financial instruments, which have the characteristics of both debt and equity and may be redeemed any time at the option of the company as there is no fixed redemption date.

The debt element is the net present value of the liability relating to the future dividend stream and redemption and has been calculated using an equivalent rate of 6.75%, being the directors estimate of the cost of capital.

Debt

Equity

Element

Element

Total

4% redeemable cumulative preference shares

177,778

122,222

300,000

As at 31 January 2026

177,778

122,222

300,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

£1

100

100

850,000

C Redeemable Preference

£1

137,534

222,524

300,000

Redeemable Preference

£1

122,222

-

259,856

222,624

The following shares were issued during the year for cash at par:

300,000 Redeemable Preference shares of £1 each.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

A J Green

Balance outstanding at start of year

-

-

Amounts advanced

4,452

5,954

Amounts repaid

(4,452

)

(5,954

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged on the overdrawn directors loan account balances in excess of £10,000 at 2.25% up to 5 April 2025 and then 3.75% thereon.