Company Registration No. 04944321 (England and Wales)
SJM Enterprises Limited
Unaudited accounts
for the year ended 31 October 2022
SJM Enterprises Limited
Unaudited accounts
Contents
SJM Enterprises Limited
Company Information
for the year ended 31 October 2022
Directors
SJ Mason
JL Mason
Company Number
04944321 (England and Wales)
Registered Office
51 Wilmslow Road
Cheadle
Cheshire
SK8 1HG
England
SJM Enterprises Limited
Statement of financial position
as at 31 October 2022
Cash at bank and in hand
11,559
15,418
Creditors: amounts falling due within one year
(11,571)
(12,729)
Net current assets
2,559
4,865
Total assets less current liabilities
2,972
5,462
Provisions for liabilities
Called up share capital
2,000
2,000
Profit and loss account
894
3,349
Shareholders' funds
2,894
5,349
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2022 and were signed on its behalf by
SJ Mason
Director
Company Registration No. 04944321
SJM Enterprises Limited
Notes to the Accounts
for the year ended 31 October 2022
SJM Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 04944321. The registered office and principal place of business is 51 Wilmslow Road, Cheadle, Cheshire, SK8 1HG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling which is the functional currency of the company.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
SJM Enterprises Limited
Notes to the Accounts
for the year ended 31 October 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2021
2,830
6,757
9,587
At 31 October 2022
2,830
6,929
9,759
At 1 November 2021
2,830
6,160
8,990
Charge for the year
-
356
356
At 31 October 2022
2,830
6,516
9,346
At 31 October 2022
-
413
413
At 31 October 2021
-
597
597
Amounts falling due within one year
Accrued income and prepayments
136
132
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
7,903
8,548
Loans from directors
145
1,404
Deferred income
3,523
2,777
7
Deferred taxation
2022
2021
Accelerated capital allowances
78
113
Provision at start of year
113
-
(Credited)/charged to the profit and loss account
(35)
113
Provision at end of year
78
113
SJM Enterprises Limited
Notes to the Accounts
for the year ended 31 October 2022
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
