S J POLISHING LTD - Filleted accounts

Registered number

06466846

S J POLISHING LTD

Filleted Accounts

31 March 2026

S J POLISHING LTD
Registered number:		06466846
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		35,319			40,362
Tangible assets	4		23,518			27,468
			58,837			67,830

Current assets
Debtors	5	34,589			32,816
Cash at bank and in hand		17,133			19,649
		51,722			52,465

Creditors: amounts falling due within one year	6	(9,480)			(9,555)

Net current assets			42,242			42,910

Total assets less current liabilities			101,079			110,740

Creditors: amounts falling due after more than one year	7		(3,194)			(15,721)


Net assets			97,885			95,019

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			96,885			94,019

Shareholders' funds			97,885			95,019

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.




Marc Butler
Director
Approved by the board on 22 June 2026

S J POLISHING LTD
Notes to the Accounts
for the year ended 31 March 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:


	Plant and machinery	15% Reducing Balance



	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.



2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		4		4



3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2025				126,096
	Additions				-
	At 31 March 2026				126,096

	Amortisation
	At 1 April 2025				85,734
	Provided during the year				5,043
	At 31 March 2026				90,777

	Net book value
	At 31 March 2026				35,319
	At 31 March 2025				40,362

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


4	Tangible fixed assets
			Plant and machinery etc		Total
£				£
	Cost
	At 1 April 2025		56,992		56,992
	Additions		200		200
	At 31 March 2026		57,192		57,192

	Depreciation
	At 1 April 2025		29,524		29,524
	Charge for the year		4,150		4,150
	At 31 March 2026		33,674		33,674

	Net book value
	At 31 March 2026		23,518		23,518
	At 31 March 2025		27,468		27,468



5	Debtors		2026		2025
£				£

	Trade debtors		25,100		22,848
	Other debtors		9,489		9,968
			34,589		32,816


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

	Trade creditors		-		540
	Taxation and social security costs		6,267		6,204
	Other creditors		3,213		2,811
			9,480		9,555


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

	Bank loans		3,194		15,721
			3,194		15,721


8	Other information

	S J POLISHING LTD is a private company limited by shares and incorporated in England. Its registered office is:
	H Plaskow & Co
	Chartered Certified Accountants
	208 Green Lanes
	Palmers Green
	London

	N13 5UE