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Registration number: 06035907

RJH Memorials Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

RJH Memorials Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

RJH Memorials Limited

Company Information

Directors

Mrs G Benns

Mr S Benns

Company secretary

Mrs G Benns

Registered office

245D Barlow Moor Road
Manchester
Lancashire
M21 7QL

Accountants

EKWilliams Accountants Limited
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ

 

RJH Memorials Limited

(Registration number: 06035907)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

4,215

Tangible assets

5

196,144

201,994

 

196,144

206,209

Current assets

 

Stocks

6

24,100

24,100

Debtors

7

207,648

72,351

Cash at bank and in hand

 

138,763

163,233

 

370,511

259,684

Creditors: Amounts falling due within one year

8

(354,755)

(426,887)

Net current assets/(liabilities)

 

15,756

(167,203)

Total assets less current liabilities

 

211,900

39,006

Creditors: Amounts falling due after more than one year

8

(7,836)

(37,561)

Provisions for liabilities

(1,260)

(1,129)

Net assets

 

202,804

316

Capital and reserves

 

Called up share capital

100

100

Retained earnings

202,704

216

Shareholders' funds

 

202,804

316

 

RJH Memorials Limited

(Registration number: 06035907)
Balance Sheet as at 31 January 2023

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2023 and signed on its behalf by:
 

.........................................
Mrs G Benns
Director

 

RJH Memorials Limited

Notes to the Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
245D Barlow Moor Road
Manchester
Lancashire
M21 7QL
United Kingdom

These financial statements were authorised for issue by the Board on 23 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

RJH Memorials Limited

Notes to the Financial Statements for the Year Ended 31 January 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and building

2% on cost

Motor vehicles

25% on cost

Furniture, fittings and equipments

40% on cost and 15% on cost

Plant and machinery

25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

RJH Memorials Limited

Notes to the Financial Statements for the Year Ended 31 January 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2022 - 15).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2022

84,300

84,300

At 31 January 2023

84,300

84,300

Amortisation

At 1 February 2022

80,085

80,085

Amortisation charge

4,215

4,215

At 31 January 2023

84,300

84,300

Carrying amount

At 31 January 2023

-

-

At 31 January 2022

4,215

4,215

 

RJH Memorials Limited

Notes to the Financial Statements for the Year Ended 31 January 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Cost or valuation

At 1 February 2022

247,213

23,581

19,112

42,434

Additions

-

2,405

-

-

At 31 January 2023

247,213

25,986

19,112

42,434

Depreciation

At 1 February 2022

51,164

23,277

19,112

36,793

Charge for the year

4,944

304

-

3,007

At 31 January 2023

56,108

23,581

19,112

39,800

Carrying amount

At 31 January 2023

191,105

2,405

-

2,634

At 31 January 2022

196,049

304

-

5,641

Total
£

Cost or valuation

At 1 February 2022

332,340

Additions

2,405

At 31 January 2023

334,745

Depreciation

At 1 February 2022

130,346

Charge for the year

8,255

At 31 January 2023

138,601

Carrying amount

At 31 January 2023

196,144

At 31 January 2022

201,994

Included within the net book value of land and buildings above is £191,105 (2022 - £196,049) in respect of freehold land and buildings.
 

6

Stocks

2023
£

2022
£

Finished goods and goods for resale

24,100

24,100

 

RJH Memorials Limited

Notes to the Financial Statements for the Year Ended 31 January 2023

7

Debtors

Current

2023
£

2022
£

Trade debtors

-

10,528

Prepayments

1,901

19,912

Other debtors

205,747

41,911

 

207,648

72,351

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

4,561

16,589

Trade creditors

 

25,944

36,546

Taxation and social security

 

106,206

46,529

Accruals and deferred income

 

4,015

4,015

Other creditors

 

214,029

323,208

 

354,755

426,887

Included in creditors is a loan from bank of £4,561 (2022: £51,150) secured against the properties of the company.

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7,836

37,561

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £7,836 (2022 - £37,561).

9

Related party transactions

Transactions with directors

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr S Benns

Balance owed to/(from) directors

32,401

186,851

(16,670)

202,582

         
       

 

 

RJH Memorials Limited

Notes to the Financial Statements for the Year Ended 31 January 2023

2022

At 1 February 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2022
£

Mr S Benns

Balance owed to/(from) directors

(1,766)

135,528

(101,361)

32,401