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COMPANY REGISTRATION NUMBER: 04338235
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
UNAUDITED FINANCIAL STATEMENTS
31 December 2021
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
CONTENTS
PAGE
Officers and professional advisers
1
Director's report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
6
The following pages do not form part of the financial statements
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
12
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
Director
R A Jagger
Registered office
Equitable House
55 Pellon Lane
Halifax
West Yorkshire
HX1 5SP
Accountants
Spenser Wilson Ltd
Chartered accountants
Equitable House
55 Pellon Lane
Halifax
West Yorkshire
HX1 5SP
Bankers
National Westminster Bank Plc
PO Box 51, 7 Hustlergate
Bradford
West Yorkshire
BD1 1PP
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
DIRECTOR'S REPORT
YEAR ENDED 31 DECEMBER 2021
The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2021 .
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was specialist architectural services.
DIRECTOR
The director who served the company during the year was as follows:
R A Jagger
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 12 September 2022 and signed on behalf of the board by:
R A Jagger
Director
Registered office:
Equitable House
55 Pellon Lane
Halifax
West Yorkshire
HX1 5SP
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED 31 DECEMBER 2021
2021
2020
Note
£
£
TURNOVER
57,276
34,345
Cost of sales
19,088
7,782
---------
---------
GROSS PROFIT
38,188
26,563
Administrative expenses
36,415
31,987
Other operating income
4
3,442
17,113
---------
---------
OPERATING PROFIT
5
5,215
11,689
Interest payable and similar expenses
7
1,066
1,494
---------
---------
PROFIT BEFORE TAXATION
4,149
10,195
Tax on profit
771
2,273
-------
---------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME
3,378
7,922
-------
---------
RETAINED EARNINGS AT THE START OF THE YEAR
46,116
38,194
---------
---------
RETAINED EARNINGS AT THE END OF THE YEAR
49,494
46,116
---------
---------
All the activities of the company are from continuing operations.
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Intangible assets
8
1
1
Tangible assets
9
85,766
84,670
---------
---------
85,767
84,671
CURRENT ASSETS
Debtors
10
11,107
5,948
Cash at bank and in hand
10,390
23,757
---------
---------
21,497
29,705
CREDITORS: amounts falling due within one year
11
36,848
12,188
---------
---------
NET CURRENT (LIABILITIES)/ASSETS
( 15,351)
17,517
---------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
70,416
102,188
CREDITORS: amounts falling due after more than one year
12
18,750
54,400
PROVISIONS
Taxation including deferred tax
2,170
1,670
---------
----------
NET ASSETS
49,496
46,118
---------
----------
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2021
2021
2020
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
49,494
46,116
---------
---------
SHAREHOLDERS FUNDS
49,496
46,118
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 September 2022 , and are signed on behalf of the board by:
R A Jagger
Director
Company registration number: 04338235
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Equipment
-
33% reducing balance
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. OTHER OPERATING INCOME
2021
2020
£
£
Government grant income
3,442
17,113
-------
---------
5. OPERATING PROFIT
Operating profit or loss is stated after charging:
2021
2020
£
£
Depreciation of tangible assets
5,366
4,225
-------
-------
6. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).
7. INTEREST PAYABLE AND SIMILAR EXPENSES
2021
2020
£
£
Interest on banks loans and overdrafts
1,066
1,494
-------
-------
8. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 January 2021 and 31 December 2021
15,000
---------
Amortisation
At 1 January 2021 and 31 December 2021
14,999
---------
Carrying amount
At 31 December 2021
1
---------
At 31 December 2020
1
---------
9. TANGIBLE ASSETS
Freehold property
Equipment
Total
£
£
£
Cost
At 1 January 2021
81,875
32,671
114,546
Additions
6,462
6,462
---------
---------
----------
At 31 December 2021
81,875
39,133
121,008
---------
---------
----------
Depreciation
At 1 January 2021
5,900
23,976
29,876
Charge for the year
1,637
3,729
5,366
---------
---------
----------
At 31 December 2021
7,537
27,705
35,242
---------
---------
----------
Carrying amount
At 31 December 2021
74,338
11,428
85,766
---------
---------
----------
At 31 December 2020
75,975
8,695
84,670
---------
---------
----------
10. DEBTORS
2021
2020
£
£
Trade debtors
10,600
5,547
Other debtors
507
401
---------
-------
11,107
5,948
---------
-------
11. CREDITORS: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
5,000
4,596
Corporation tax
4,081
3,807
Social security and other taxes
1,946
1,620
Other creditors
25,821
2,165
---------
---------
36,848
12,188
---------
---------
The following liabilities disclosed under creditors falling due within one year are secured by the company:
2021
2020
£
£
Bank loan
4,596
----
-------
12. CREDITORS: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
18,750
54,400
---------
---------
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
2021
2020
£
£
Bank loan
Nil
29,400
----
---------
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2020: £8,147) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 31 DECEMBER 2021
The following pages do not form part of the financial statements.
RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
CHARTERED ACCOUNTANT'S REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RJ DESIGN (ARCHITECTURAL SERVICES) LIMITED
YEAR ENDED 31 DECEMBER 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RJ Design (Architectural Services) Limited for the year ended 31 December 2021, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of RJ Design (Architectural Services) Limited. Our work has been undertaken solely to prepare for your approval the financial statements of RJ Design (Architectural Services) Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RJ Design (Architectural Services) Limited and its director for our work or for this report.
It is your duty to ensure that RJ Design (Architectural Services) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RJ Design (Architectural Services) Limited. You consider that RJ Design (Architectural Services) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of RJ Design (Architectural Services) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Spenser Wilson Ltd Chartered accountants
Equitable House 55 Pellon Lane Halifax West Yorkshire HX1 5SP
12 September 2022