SJS Lee Limited - Filleted accounts

Registered number

08734255

SJS Lee Limited

Filleted Accounts

31 January 2026

SJS Lee Limited
Registered number:		08734255
Balance Sheet
as at 31 January 2026
Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		35,405			39,375
Tangible assets	4		202,355			204,109
			237,760			243,484

Current assets
Stocks		2,129			3,139
Debtors	5	3,454			1,881
Cash at bank and in hand		113,395			104,386
		118,978			109,406

Creditors: amounts falling due within one year	6	(204,314)			(170,440)

Net current liabilities			(85,336)			(61,034)

Total assets less current liabilities			152,424			182,450

Creditors: amounts falling due after more than one year	7		(85,164)			(91,306)

Provisions for liabilities			(1,839)			(8,024)


Net assets			65,421			83,120

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		18,202			18,202
Profit and loss account			47,119			64,818

Shareholders' funds			65,421			83,120

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


S J E N Lee
Director
Approved by the board on 5 October 2026

SJS Lee Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	33.3% straight line
	Fixtures, fittings, tools and equipment	25% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			12		12


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					175,000
	At 31 January 2026					175,000

	Amortisation
	At 1 February 2025					135,625
	Provided during the year					3,970
	At 31 January 2026					139,595

	Net book value
	At 31 January 2026					35,405
	At 31 January 2025					39,375

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 February 2025	195,000		143,371		338,371
	Additions	-		528		528
	At 31 January 2026	195,000		143,899		338,899

	Depreciation
	At 1 February 2025	-		134,262		134,262
	Charge for the year	-		2,282		2,282
	At 31 January 2026	-		136,544		136,544

	Net book value
	At 31 January 2026	195,000		7,355		202,355
	At 31 January 2025	195,000		9,109		204,109


5	Debtors			2026		2025
£					£

	Trade debtors			3,454		1,881


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			20,418		36,947
	Amounts owed to connected parties			10,044		-
	Taxation and social security costs			31,806		31,632
	Other creditors			142,046		101,861
				204,314		170,440


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			85,164		91,306


8	Revaluation reserve			2026		2025
£					£

	At 1 February 2025			18,202		18,202

	At 31 January 2026			18,202		18,202


9	Other information

	SJS Lee Limited is a private company limited by shares and incorporated in England. Its registered office is:
	52 Sandy Lane
	Fair Oak
	Hampshire
	SO50 8GB