S.J.D. Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03237560 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

S.J.D. ASSOCIATES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

11

DIRECTORS:

R H Devine

D P Hurley

SECRETARY:

R H Devine

REGISTERED OFFICE:

Unit 19 Twizel Close

Stonebridge

Milton Keynes

Buckinghamshire

MK13 0DX

REGISTERED NUMBER:

03237560 (England and Wales)

ACCOUNTANTS:

S R Lynn & Co

Chartered Certified Accountants

6 Partridge Lane

Bromham

Bedford

Bedfordshire

MK43 8PQ

FIXED ASSETS

Tangible assets

4

107,357

108,500

CURRENT ASSETS

Stocks

7,572

10,258

Debtors

5

713,609

1,037,818

Cash and cash equivalents

6

93,905

211,796

815,086

1,259,872

CREDITORS

Amounts falling due within one year

374,011

623,808

NET CURRENT ASSETS

441,075

636,064

TOTAL ASSETS LESS CURRENT
LIABILITIES

548,432

744,564

CREDITORS

Amounts falling due after more than one
year

(53,800

)

(97,615

)

PROVISIONS FOR LIABILITIES

9

(26,839

)

(27,125

)

NET ASSETS

467,793

619,824

CAPITAL AND RESERVES

Called up share capital

10

222

Share premium

19,978

Capital redemption reserve

100

Retained earnings

447,493

599,524

SHAREHOLDERS' FUNDS

467,793

619,824

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 September 2026 and were signed on its behalf by:

R H Devine - Director

1.	STATUTORY INFORMATION

S.J.D. Associates 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

The financial statements have been prepared under the historical cost convention unless otherwise

specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting

Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies

Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than Where

additional disclosure is required to show a true and fair view.

Going concern

The financial statements have been prepared on the going concern basis, based on the continued support of the directors and shareholders.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

Company and the revenue can be reliably measured. Revenue is measured as the fair value of the

consideration received or receivable, excluding discounts, rebates, value added tax and other sales

taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

• the Company has transferred the significant risks and rewards of ownership to the buyer;

• the Company retains neither continuing managerial involvement lo the degree usually associated

with ownership nor effective control over the goods sold;

• the amount of revenue can be measured reliably;

• it is probable that the Company will receive the consideration due under the transaction; and

• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or

valuation, net of depreciation and any impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their

estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Long-term leasehold property - Over the life of the lease

Plant and machinery - 20% reducing balance

Motor vehicles - 15% reducing balance

Fixtures and fittings - 20% reducing balance

Computer equipment -20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted

prospectively if appropriate, or if there is an indication of a significant change since the last

reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and

are recognised in profit or loss.

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the

date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated

impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying

amount does not differ materially from that which would be determined using fair value at the

balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally

qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the

previously recognised gains or reflect a clear consumption of economic benefits, in which case the

excess losses are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price

less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.

Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying

amount is reduced to its selling price less costs to complete and sell. The impairment loss is

recognised immediately in profit or loss.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or

loss except that a charge attributable to an item of income and expense recognised as other

comprehensive income or to an item recognised directly in equity is also recognised in other

comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been

enacted or substantively enacted by the balance sheet date in the countries where the Company

operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but

not reversed by the balance sheet date, except that:

• The recognition of deferred tax assets is limited to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

and

• Any deferred tax balances are reversed if and when all conditions for retaining associated tax

allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of

business combinations, when deferred tax is recognised on the differences between the fair values

of assets acquired and the future tax deductions available for them and the differences between the

fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is

determined using tax rates and laws that have been enacted or substantively enacted by the balance

sheet date.

Foreign currencies

Foreign currency transactions are translated into the functional currency using the spot exchange

rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate.

Non-monetary items measured at historical cost are translated using the exchange rate at the date

of the transaction and non-monetary items measured at fair value are measured using the exchange

rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the

translation at period-end exchange rates of monetary assets and liabilities denominated in foreign

currencies are recognised in profit or loss except when deferred in other comprehensive income as

qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are

presented in the Statement of income and retained earnings within 'finance income or costs'. All

other foreign exchange gains and losses are presented in profit or loss within 'other operating

income'.

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the

lease term.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest

method so that the amount charged is at a constant rate on the carrying amount. Issue costs are

initially recognised as a reduction in the proceeds of the associated capital instrument.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price

less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.

Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying

amount is reduced to its selling price less costs to complete and sell. The impairment loss is

recognised immediately in profit or loss.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without

penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that

mature in no more than three months from the date of acquisition and that are readily convertible

to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including

bank loans, are measured initially at fair value, net of transaction costs, and are measured

subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive

obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation,

taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

252,988

Additions

19,472

Disposals

(550

)

At 31 December 2025

271,910

DEPRECIATION

At 1 January 2025

144,488

Charge for year

20,615

Eliminated on disposal

(550

)

At 31 December 2025

164,553

NET BOOK VALUE

At 31 December 2025

107,357

At 31 December 2024

108,500

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

Totals

£

COST

At 1 January 2025

and 31 December 2025

79,590

DEPRECIATION

At 1 January 2025

11,939

Charge for year

10,147

At 31 December 2025

22,086

NET BOOK VALUE

At 31 December 2025

57,504

At 31 December 2024

67,651

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Trade debtors

34,683

-

6.	CASH AND CASH EQUIVALENTS

31.12.25

31.12.24

£

Cash at bank

93,905

211,796

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

Net obligations repayable:

Within one year

15,484

14,451

Between one and five years

17,884

33,448

33,368

47,899

Non-cancellable

operating leases

31.12.25

31.12.24

£

Within one year

128,904

37,738

Between one and five years

234,326

13,282

363,230

51,020

In 2022, the Company entered into a rental lease agreement with an associated company, SJD

Property Limited. Allica Bank Limited hold a fixed and floating charge over all freehold and leasehold

properties in both companies in respect of the property owned by SJD Property Limited.

The leases were renewed in June 2025, for 5 years, at a commercial rate.

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Other loans

60,000

100,000

Hire purchase contracts

33,368

47,899

93,368

147,899

Details of security provided:

Meif Esem Debt LP hold a fixed and floating charge over assets held by the company in respect of

the loan received in the year.

Hire purchase liabilities are secured over the assets they relate to.

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

Deferred tax

Accelerated capital allowances

26,839

27,125

Deferred

tax

£

Balance at 1 January 2025

27,125

Accelerated capital allowances

(286

)

Balance at 31 December 2025

26,839

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

100

Ordinary

£1

100

Ordinary A

£1

100

22

Ordinary B

£1

22

222

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

R H Devine

Balance outstanding at start of year

-

Amounts advanced

49,758

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

49,758

-

The loan outstanding at the year end was repaid 1 September 2026.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S.J.D. Associates Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of S.J.D. Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S.J.D. Associates Limited and state those matters that we have agreed to state to the Board of Directors of S.J.D. Associates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S.J.D. Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of S.J.D. Associates Limited. You consider that S.J.D. Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S.J.D. Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

S R Lynn & Co

Chartered Certified Accountants

6 Partridge Lane

Bromham

Bedford

Bedfordshire

MK43 8PQ

1 September 2026