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REGISTERED NUMBER: 11384046 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

R&JC Ltd

R&JC Ltd (Registered number: 11384046)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


R&JC Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A R Clough
J S Clough





REGISTERED OFFICE: Far Leys Farm
Ollerton Road
Tuxford
Newark
Nottinghamshire
NG22 0PG





REGISTERED NUMBER: 11384046 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R&JC Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R&JC Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R&JC Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R&JC Ltd and state those matters that we have agreed to state to the Board of Directors of R&JC Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R&JC Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R&JC Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R&JC Ltd. You consider that R&JC Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R&JC Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


Date: .............................................

R&JC Ltd (Registered number: 11384046)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,836,894 4,014,879

CURRENT ASSETS
Debtors 5 71,912 56,352
Cash at bank 228,951 222,005
300,863 278,357
CREDITORS
Amounts falling due within one year 6 350,296 328,979
NET CURRENT LIABILITIES (49,433 ) (50,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,787,461

3,964,257

CREDITORS
Amounts falling due after more than one
year

7

(3,338,558

)

(3,590,400

)

PROVISIONS FOR LIABILITIES (157,689 ) (92,515 )
NET ASSETS 291,214 281,342

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 291,114 281,242
SHAREHOLDERS' FUNDS 291,214 281,342

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:





J S Clough - Director


R&JC Ltd (Registered number: 11384046)

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

1. STATUTORY INFORMATION

R&JC Ltd 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.

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.

At 31 December 2023, the company had net current liabilities of £49,433 (2022: £50,622). Despite this, the accounts are prepared on a going concern basis as the directors will continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and Buildings - 15% on reducing balance, not provided and Straight line over 25 years
Plant and machinery - 15% on reducing balance and straight line over 15 years

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

R&JC Ltd (Registered number: 11384046)

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

4. TANGIBLE FIXED ASSETS
Land and Plant and
Buildings machinery Totals
£    £    £   
COST
At 1 January 2023 2,755,213 1,757,207 4,512,420
Additions 1,847 6,100 7,947
At 31 December 2023 2,757,060 1,763,307 4,520,367
DEPRECIATION
At 1 January 2023 192,627 304,914 497,541
Charge for year 66,703 119,229 185,932
At 31 December 2023 259,330 424,143 683,473
NET BOOK VALUE
At 31 December 2023 2,497,730 1,339,164 3,836,894
At 31 December 2022 2,562,586 1,452,293 4,014,879

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 21,650
DEPRECIATION
At 1 January 2023 1,415
Charge for year 3,035
At 31 December 2023 4,450
NET BOOK VALUE
At 31 December 2023 17,200
At 31 December 2022 20,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,549 14,402
Other debtors 42,363 41,950
71,912 56,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 157,101 106,852
Hire purchase contracts 5,887 5,962
Trade creditors 9,372 46,771
Taxation and social security 25,274 22,190
Other creditors 152,662 147,204
350,296 328,979

R&JC Ltd (Registered number: 11384046)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,303,641 2,529,596
Hire purchase contracts - 5,887
Other creditors 1,034,917 1,054,917
3,338,558 3,590,400

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100