S & J Quality Services Limited

Debtors

180,877 

138,276 

Cash at bank and in hand

15 

704 

(180,641)

(138,712)

Capital contribution reserve

2 

2 

Profit and loss account

249 

266 

For the year ending 30 April 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 financial statements were approved by the Board of Directors and authorised for issue on 7 December 2022 and were signed on its behalf by

Miss J Wood Director Company Registration No. 10140764

S & J Quality Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10140764. The registered office is 42 Tyndall Court, Commerce Road, Lynch Wood, Peterborough, PE2 6LR.

Government grants included within other operating income are reported under the accrual model as a 'revenue based' grant. They are recognised in the period in which it becomes receivable.

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 lat 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.

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.

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.

Trade debtors

16,052 

9,703 

Other debtors

164,825 

128,573 

Trade creditors

70 

3,236 

Taxes and social security

177,783 

133,736 

Accruals

2,788 

1,740 

During the year the average number of employees was 2 (2021: 2).