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REGISTERED NUMBER: 02784934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Roland James Limited

Roland James Limited (Registered number: 02784934)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roland James Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: K E Houchin





SECRETARY: K E Houchin





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 02784934 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Roland James Limited (Registered number: 02784934)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 299,091 206,509
Investments 5 160,000 160,000
459,091 366,509

CURRENT ASSETS
Debtors 6 4,631 293,615
Cash at bank and in hand 95,177 1,307
99,808 294,922
CREDITORS
Amounts falling due within one year 7 69,435 121,562
NET CURRENT ASSETS 30,373 173,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,464

539,869

CREDITORS
Amounts falling due after more than one
year

8

233,505

185,962
NET ASSETS 255,959 353,907

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 255,859 353,807
255,959 353,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Roland James Limited (Registered number: 02784934)

Balance Sheet - continued
31 January 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2024 and were signed by:





K E Houchin - Director


Roland James Limited (Registered number: 02784934)

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

1. STATUTORY INFORMATION

Roland James Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company is not part of a group.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

- Plant and machinery etc - 15% reducing balance, 33% straight line and 15% reducing balance
- Freehold Property - 1% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Roland James Limited (Registered number: 02784934)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

Significant judgements and estimates
No significant judgements or estimates have been applied in the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 215,605 47,524 263,129
Additions 96,276 - 96,276
At 31 January 2023 311,881 47,524 359,405
DEPRECIATION
At 1 February 2022 12,880 43,740 56,620
Charge for year 2,553 1,141 3,694
At 31 January 2023 15,433 44,881 60,314
NET BOOK VALUE
At 31 January 2023 296,448 2,643 299,091
At 31 January 2022 202,725 3,784 206,509

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 160,000
NET BOOK VALUE
At 31 January 2023 160,000
At 31 January 2022 160,000

Roland James Limited (Registered number: 02784934)

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

5. FIXED ASSET INVESTMENTS - continued

The investments represent a 100% ownership of RJL & PM Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,860 3,080
Other debtors 1,771 290,535
4,631 293,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,024 4,333
Trade creditors 4,935 7,786
Taxation and social security 27,735 106,061
Other creditors 35,741 3,382
69,435 121,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,576 32,867
Other creditors 199,929 153,095
233,505 185,962

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 16,243 15,534

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
K E Houchin
Balance outstanding at start of year 239,145 185,365
Amounts advanced 72,732 86,780
Amounts repaid (311,877 ) (33,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 239,145

Roland James Limited (Registered number: 02784934)

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

10. RELATED PARTY DISCLOSURES

During the year the company has received management charges of £72,000 (2022: £30,000) from a related party.

At the balance sheet date an amount of £149,929 (2022: £103,095) was due to a related party.