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Company Registration No. 03367598 (England and Wales)
R. H. Jeffs & Rowe Limited Unaudited accounts for the year ended 31 December 2023
R. H. Jeffs & Rowe Limited Unaudited accounts Contents
Page
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R. H. Jeffs & Rowe Limited Company Information for the year ended 31 December 2023
Director
R E Thomas, BSc, FCA, ACIB
Secretary
M Thomas
Company Number
03367598 (England and Wales)
Registered Office
27/28 Gelliwastad Road Pontypridd CF37 2BW
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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R. H. Jeffs & Rowe Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
18,342 
24,455 
Tangible assets
12,950 
15,310 
31,292 
39,765 
Current assets
Inventories
6,150 
5,751 
Debtors
57,837 
69,819 
Cash at bank and in hand
93,210 
93,832 
157,197 
169,402 
Creditors: amounts falling due within one year
(73,003)
(75,436)
Net current assets
84,194 
93,966 
Total assets less current liabilities
115,486 
133,731 
Creditors: amounts falling due after more than one year
(36,920)
(42,732)
Net assets
78,566 
90,999 
Capital and reserves
Called up share capital
25,005 
25,005 
Capital redemption reserve
25,000 
25,000 
Profit and loss account
28,561 
40,994 
Shareholders' funds
78,566 
90,999 
For the year ending 31 December 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 April 2024 and were signed on its behalf by
R E Thomas, BSc, FCA, ACIB Director Company Registration No. 03367598
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R. H. Jeffs & Rowe Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
R. H. Jeffs & Rowe Limited is a private company, limited by shares, registered in England and Wales, registration number 03367598. The registered office is 27/28 Gelliwastad Road, Pontypridd, CF37 2BW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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R. H. Jeffs & Rowe Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
77,150 
At 31 December 2023
77,150 
Amortisation
At 1 January 2023
52,695 
Charge for the year
6,113 
At 31 December 2023
58,808 
Net book value
At 31 December 2023
18,342 
At 31 December 2022
24,455 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
45,048 
Additions
1,777 
At 31 December 2023
46,825 
Depreciation
At 1 January 2023
29,738 
Charge for the year
4,137 
At 31 December 2023
33,875 
Net book value
At 31 December 2023
12,950 
At 31 December 2022
15,310 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,005 
50,711 
Amounts due from group undertakings etc.
13,000 
16,365 
Accrued income and prepayments
4,832 
2,743 
57,837 
69,819 
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R. H. Jeffs & Rowe Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,706 
5,430 
VAT
26,856 
29,389 
Taxes and social security
36,877 
37,041 
Other creditors
1,533 
1,941 
Accruals
2,031 
1,635 
73,003 
75,436 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,920 
42,732 
9
Transactions with related parties
The following transactions are undertaken with related companies: * the company rents its business premises from Gelliwastad Holdings Ltd * a service charge is levied on Effective Payroll Solutions Ltd for the use of shared facilities.
10
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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