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REGISTERED NUMBER: 03933947 (England and Wales)










RJS FABRICATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 494,508 89,155
Investment property 6 4,022,306 4,022,306
4,516,814 4,111,461

CURRENT ASSETS
Stocks 12,075 11,370
Debtors 7 296,419 84,409
Cash at bank 508,014 697,322
816,508 793,101
CREDITORS
Amounts falling due within one year 8 262,293 307,019
NET CURRENT ASSETS 554,215 486,082
TOTAL ASSETS LESS CURRENT LIABILITIES 5,071,029 4,597,543

CREDITORS
Amounts falling due after more than one year 9 (881,000 ) (881,000 )

PROVISIONS FOR LIABILITIES (331,875 ) (205,112 )
NET ASSETS 3,858,154 3,511,431

CAPITAL AND RESERVES
Called up share capital 11 2 2
Non-distributable reserves 1,549,422 1,336,748
Retained earnings 2,308,730 2,174,681
SHAREHOLDERS' FUNDS 3,858,154 3,511,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

BALANCE SHEET - continued
28TH FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th September 2023 and were signed on its behalf by:





R J Smith - Director


RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

RJS Fabrications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03933947

Registered office: St Marys Works
Middleton Road
Morley
Leeds
LS27 8AP

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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 10% to 33% on cost

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 20,000
AMORTISATION
At 1st March 2022
and 28th February 2023 20,000
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1st March 2022 108,135 246,122 1,660 74,880 430,797
Additions 6,745 38,381 750 52,900 98,776
Disposals - - - (22,950 ) (22,950 )
Revaluations 285,120 - - - 285,120
At 28th February 2023 400,000 284,503 2,410 104,830 791,743
DEPRECIATION
At 1st March 2022 47,072 235,111 1,107 58,352 341,642
Charge for year 2,163 4,863 493 8,546 16,065
Eliminated on disposal - - - (11,237 ) (11,237 )
Revaluation adjustments (49,235 ) - - - (49,235 )
At 28th February 2023 - 239,974 1,600 55,661 297,235
NET BOOK VALUE
At 28th February 2023 400,000 44,529 810 49,169 494,508
At 28th February 2022 61,063 11,011 553 16,528 89,155

During the year ended 28th February 2023 freehold property was restated at fair value based on assessment by the directors. If freehold property was still carried under the cost model its carrying amount would be £65,645 at 28th February 2023.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022
and 28th February 2023 4,022,306
NET BOOK VALUE
At 28th February 2023 4,022,306
At 28th February 2022 4,022,306

The directors consider the value of investment properties included in the accounts to fairly represent the open market value at the balance sheet date.

The historic cost equivalent of investment properties included at fair value is £2,472,306 (2022: £2,472,306).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 169,255 83,673
Other debtors 127,164 736
296,419 84,409

RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 46,987 74,657
Taxation and social security 89,765 45,682
Other creditors 125,541 186,680
262,293 307,019

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 881,000 881,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 881,000 881,000

The bank loan is secured by a debenture and a legal charge over the company's investment property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary Shares £1 2 2