SJC Partners Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 09153595 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020

FOR

SJC PARTNERS LTD

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S Crossley

SECRETARY:

G J A Dolan

REGISTERED OFFICE:

Chancery Place 50 Brown Street

Manchester

M2 2JG

REGISTERED NUMBER:

09153595 (England and Wales)

ACCOUNTANTS:

GWAS Limited

Suite 2, Unit 14, First Floor

Platts Eyot

Lower Sunbury Road

Hampton

Middlesex

TW12 2HF

The director presents his report with the financial statements of the company for the year ended 30 June 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of contract, permanent and

temporary staff and related services.

DIRECTOR

S Crossley held office during the whole of the period from 1 July 2019 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S J Crossley - Director

7 October 2020

TURNOVER

947,001

889,321

Cost of sales

147,413

43,880

GROSS PROFIT

799,588

845,441

Administrative expenses

515,767

774,172

283,821

71,269

Other operating income

35,579

-

OPERATING PROFIT

4

319,400

71,269

Interest payable and similar expenses

-

3

PROFIT BEFORE TAXATION

319,400

71,266

Tax on profit

65,152

1,450

PROFIT FOR THE FINANCIAL YEAR

254,248

69,816

FIXED ASSETS

Intangible assets

5

3,112

4,778

Tangible assets

6

-

-

3,112

4,778

CURRENT ASSETS

Debtors

7

351,507

76,870

Cash at bank

8,667

14,260

360,174

91,130

CREDITORS

Amounts falling due within one year

8

207,768

114,638

NET CURRENT ASSETS/(LIABILITIES)

152,406

(23,508

)

TOTAL ASSETS LESS CURRENT LIABILITIES

155,518

(18,730

)

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

155,508

(18,740

)

SHAREHOLDERS' FUNDS

155,518

(18,730

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 7 October 2020 and were signed by:

S J Crossley - Director

1.	STATUTORY INFORMATION

SJC Partners Ltd 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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of six years.

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 etc

-

25% on cost

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 8 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.1.18

Year Ended

to

30.6.20

30.6.19

£

£

Depreciation - owned assets

-

1,322

Computer software amortisation

1,666

2,512

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2019

and 30 June 2020

10,297

AMORTISATION

At 1 July 2019

5,519

Charge for year

1,666

At 30 June 2020

7,185

NET BOOK VALUE

At 30 June 2020

3,112

At 30 June 2019

4,778

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

and 30 June 2020

1,553

DEPRECIATION

At 1 July 2019

and 30 June 2020

1,553

NET BOOK VALUE

At 30 June 2020

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade debtors

109,864

59,069

Other debtors

241,643

17,801

351,507

76,870

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade creditors

24,738

6,433

Taxation and social security

181,832

15,181

Other creditors

1,198

93,024

207,768

114,638

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.20

30.6.19

value:

£

£

10,000

Ordinary

£0.00

1

10

10