RJ Financial Services Limited 07705817 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Financial intermediation not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 07705817 2022-04-01 2023-03-31 07705817 2023-03-31 07705817 core:CurrentFinancialInstruments 2023-03-31 07705817 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07705817 core:FurnitureFittingsToolsEquipment 2023-03-31 07705817 bus:SmallEntities 2022-04-01 2023-03-31 07705817 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07705817 bus:FullAccounts 2022-04-01 2023-03-31 07705817 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07705817 bus:RegisteredOffice 2022-04-01 2023-03-31 07705817 bus:CompanySecretary1 2022-04-01 2023-03-31 07705817 bus:Director1 2022-04-01 2023-03-31 07705817 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07705817 core:ComputerEquipment 2022-04-01 2023-03-31 07705817 core:FurnitureFittings 2022-04-01 2023-03-31 07705817 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 07705817 countries:AllCountries 2022-04-01 2023-03-31 07705817 2022-03-31 07705817 core:FurnitureFittingsToolsEquipment 2022-03-31 07705817 2021-04-01 2022-03-31 07705817 2022-03-31 07705817 core:CurrentFinancialInstruments 2022-03-31 07705817 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07705817 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07705817

RJ Financial Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

RJ Financial Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

RJ Financial Services Limited

Company Information

Director

Mr R Jones

Company secretary

Mrs L Jones

Registered office

c/o Regulatory Accounting Limited
Vicarage Court
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

RJ Financial Services Limited

(Registration number: 07705817)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

267

534

Current assets

 

Debtors

5

1,205

1,708

Cash at bank and in hand

 

25,842

32,560

 

27,047

34,268

Creditors: Amounts falling due within one year

6

(16,790)

(22,139)

Net current assets

 

10,257

12,129

Total assets less current liabilities

 

10,524

12,663

Provisions for liabilities

(50)

(101)

Net assets

 

10,474

12,562

Capital and reserves

 

Called up share capital

100

100

Retained earnings

10,374

12,462

Shareholders' funds

 

10,474

12,562

 

RJ Financial Services Limited

(Registration number: 07705817)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 November 2023
 

.........................................
Mr R Jones
Director

 

RJ Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

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

The presentation currency of the financial statements is the Pound Sterling (£).

The address of its registered office is:
c/o Regulatory Accounting Limited
Vicarage Court
Swindon
Wiltshire
SN3 4NE

The principal place of business is:
34 Blenheim Road
Kidlington
Oxon
OX5 2HP
England

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 directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified.

 

RJ Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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.

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

Fixtures and fittings

25% Straight line

Office Equipment

33% Straight line

 

RJ Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that payment will be required in settlement that can be estimated reliably. Where
material, provisions are calculated on a discounted basis.

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 the director) during the year, was 3 (2022 - 2).

 

RJ Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

4,711

4,711

At 31 March 2023

4,711

4,711

Depreciation

At 1 April 2022

4,177

4,177

Charge for the year

267

267

At 31 March 2023

4,444

4,444

Carrying amount

At 31 March 2023

267

267

At 31 March 2022

534

534

5

Debtors

Current

2023
£

2022
£

Prepayments

1,205

708

Other debtors

-

1,000

 

RJ Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,142

2,363

Accruals and deferred income

1,638

1,742

Other creditors

14,010

18,034

16,790

22,139