Registered number
08402249
RJT ACCOUNTANCY LIMITED
Financial Statements
For the year ended
29 February 2024
RJT ACCOUNTANCY LIMITED
Company Information
Director
R.J.Thorne
Accountants
RJT Accountancy Limited
4 Woodridge Avenue
Allesley Green
Coventry
CV5 7PN
Bankers
Lloyds Bank plc
30 High Street
Coventry
CV1 5RA
Registered office
4 Woodridge Avenue
Allesley Green
Coventry
CV5 7PN
Registered number
08402249
RJT ACCOUNTANCY LIMITED
Registered number: 08402249
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 204 419
Current assets
Debtors 5 3,115 3,265
Cash at bank and in hand 7,423 8,111
10,538 11,376
Creditors: amounts falling due within one year 6 (10,207) (11,169)
Net current assets 331 207
Total assets less current liabilities 535 626
Creditors: amounts falling due after more than one year 7 (377) -
Net assets 158 626
Capital and reserves
Called up share capital 1 1
Profit and loss account 157 625
Shareholder's funds 158 626
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors report and profit and loss account have not been delivered to the Registrar of Companies.
R.J.Thorne
Director
Approved by the board on 14 March 2024
RJT ACCOUNTANCY LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A- The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 1,575
At 29 February 2024 1,575
Amortisation
At 1 March 2023 1,575
At 29 February 2024 1,575
Net book value
At 29 February 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Office Equipment
£
Cost
At 1 March 2023 1,699
Additions 69
Disposals (100)
At 29 February 2024 1,668
Depreciation
At 1 March 2023 1,280
Charge for the year 283
On disposals (99)
At 29 February 2024 1,464
Net book value
At 29 February 2024 204
At 28 February 2023 419
5 Debtors 2024 2023
£ £
Trade debtors 3,115 3,265
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 202 1,049
Corporation tax 6,083 5,915
Other taxes and social security costs 3,922 4,205
10,207 11,169
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 377 -
8 Controlling party
The company is under the control of R.J.Thorne
9 Other information
RJT ACCOUNTANCY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Woodridge Avenue
Allesley Green
Coventry
CV5 7PN
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