Company registration number 06765647 (England and Wales)
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
Ground Floor
Wessex House
Pixash Lane
Keynsham
Bristol
BS31 1TP
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr R J Ault
Mrs V R Ault
Mr C Ault
Mr R Ault
Company number
06765647
Registered office
Whitegates Highridge Road
Dundry
Bristol
United Kingdom
BS41 8JU
Accountants
TC Group
Ground Floor
Wessex House
Pixash Lane
Keynsham
Bristol
BS31 1TP
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
60,960
20,926
Current assets
Stocks
-
560
Debtors
4
78,035
30,284
Cash at bank and in hand
481,303
362,330
559,338
393,174
Creditors: amounts falling due within one year
5
(111,644)
(51,877)
Net current assets
447,694
341,297
Total assets less current liabilities
508,654
362,223
Creditors: amounts falling due after more than one year
6
(15,092)
(393)
Provisions for liabilities
(14,339)
(3,977)
Net assets
479,223
357,853
Capital and reserves
Called up share capital
102
102
Profit and loss reserves
479,121
357,751
Total equity
479,223
357,853
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 4 April 2024 and are signed on its behalf by:
Mr R J Ault
Director
Company Registration No. 06765647
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

RJ Ault Industrial Roofing South West Limited is a private company limited by shares incorporated in England and Wales. The registered office is Whitegates Highridge Road, Dundry, Bristol, United Kingdom, BS41 8JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 20% on cost
Computers
- 33% on cost
Motor vehicles
- 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Motor vehicles (leased)
Total
£
£
£
£
£
Cost
At 1 January 2023
17,844
2,922
88,047
26,700
135,513
Additions
-
0
832
29,521
39,306
69,659
Disposals
(14,844)
-
0
(16,500)
-
0
(31,344)
At 31 December 2023
3,000
3,754
101,068
66,006
173,828
Depreciation and impairment
At 1 January 2023
17,844
2,910
77,813
16,020
114,587
Depreciation charged in the year
-
0
286
9,538
13,201
23,025
Eliminated in respect of disposals
(14,844)
-
0
(9,900)
-
0
(24,744)
At 31 December 2023
3,000
3,196
77,451
29,221
112,868
Carrying amount
At 31 December 2023
-
0
558
23,617
36,785
60,960
At 31 December 2022
-
0
12
10,234
10,680
20,926
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
78,035
29,687
Other debtors
-
0
597
78,035
30,284
RJ AULT INDUSTRIAL ROOFING SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
164
924
Corporation tax
69,399
29,077
Other taxation and social security
29,672
12,690
Other creditors
12,409
9,186
111,644
51,877
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
15,092
393
2023-12-312023-01-01false04 April 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr R J AultMrs V R AultMr C AultMr R Aultfalse067656472023-01-012023-12-3106765647bus:Director12023-01-012023-12-3106765647bus:Director22023-01-012023-12-3106765647bus:Director32023-01-012023-12-3106765647bus:Director42023-01-012023-12-3106765647bus:RegisteredOffice2023-01-012023-12-31067656472023-12-31067656472022-12-3106765647core:PlantMachinery2023-12-3106765647core:ComputerEquipment2023-12-3106765647core:MotorVehicles2023-12-3106765647core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-12-3106765647core:PlantMachinery2022-12-3106765647core:ComputerEquipment2022-12-3106765647core:MotorVehicles2022-12-3106765647core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-12-3106765647core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3106765647core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3106765647core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3106765647core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3106765647core:CurrentFinancialInstruments2023-12-3106765647core:CurrentFinancialInstruments2022-12-3106765647core:ShareCapital2023-12-3106765647core:ShareCapital2022-12-3106765647core:RetainedEarningsAccumulatedLosses2023-12-3106765647core:RetainedEarningsAccumulatedLosses2022-12-31067656472022-01-012022-12-3106765647core:PlantMachinery2022-12-3106765647core:ComputerEquipment2022-12-3106765647core:MotorVehicles2022-12-3106765647core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-12-31067656472022-12-3106765647core:PlantMachinery2023-01-012023-12-3106765647core:ComputerEquipment2023-01-012023-12-3106765647core:MotorVehicles2023-01-012023-12-3106765647core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-01-012023-12-3106765647core:WithinOneYear2023-12-3106765647core:WithinOneYear2022-12-3106765647core:Non-currentFinancialInstruments2023-12-3106765647core:Non-currentFinancialInstruments2022-12-3106765647bus:PrivateLimitedCompanyLtd2023-01-012023-12-3106765647bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106765647bus:FRS1022023-01-012023-12-3106765647bus:AuditExemptWithAccountantsReport2023-01-012023-12-3106765647bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP