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REGISTERED NUMBER: 00868857 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

R J W SHEET METAL LIMITED

R J W SHEET METAL LIMITED (REGISTERED NUMBER: 00868857)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


R J W SHEET METAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A M Weight
C T Weight





SECRETARY: Mrs D I Weight





REGISTERED OFFICE: 40 Cobham Road
Ferndown Industrial Estate
Stapehill
Wimborne
Dorset
BH21 7NP





REGISTERED NUMBER: 00868857 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

R J W SHEET METAL LIMITED (REGISTERED NUMBER: 00868857)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,227,794 1,291,096

CURRENT ASSETS
Stocks 64,014 60,642
Debtors 5 489,269 523,148
Cash at bank and in hand 444,829 485,030
998,112 1,068,820
CREDITORS
Amounts falling due within one year 6 759,694 749,495
NET CURRENT ASSETS 238,418 319,325
TOTAL ASSETS LESS CURRENT LIABILITIES 1,466,212 1,610,421

PROVISIONS FOR LIABILITIES 102,620 91,065
NET ASSETS 1,363,592 1,519,356

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 1,363,482 1,519,246
SHAREHOLDERS' FUNDS 1,363,592 1,519,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

R J W SHEET METAL LIMITED (REGISTERED NUMBER: 00868857)

BALANCE SHEET - continued
31 MARCH 2024


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 6 August 2024 and were signed on its behalf by:




A M Weight - Director



C T Weight - Director


R J W SHEET METAL LIMITED (REGISTERED NUMBER: 00868857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

R J W Sheet Metal 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.

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.

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 - 2% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

R J W SHEET METAL LIMITED (REGISTERED NUMBER: 00868857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 44 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 82,166 2,059,130 2,141,296
Additions 3,273 180,747 184,020
Disposals - (66,233 ) (66,233 )
At 31 March 2024 85,439 2,173,644 2,259,083
DEPRECIATION
At 1 April 2023 35,141 815,059 850,200
Charge for year 2,472 233,806 236,278
Eliminated on disposal - (55,189 ) (55,189 )
At 31 March 2024 37,613 993,676 1,031,289
NET BOOK VALUE
At 31 March 2024 47,826 1,179,968 1,227,794
At 31 March 2023 47,025 1,244,071 1,291,096

R J W SHEET METAL LIMITED (REGISTERED NUMBER: 00868857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 April 2023 81,341
Transfer to ownership (81,341 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 49,898
Transfer to ownership (49,898 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 31,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 399,176 388,487
Other debtors 90,093 134,661
489,269 523,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 7) - 975
Trade creditors 391,141 465,520
Taxation and social security 89,788 28,590
Other creditors 278,765 254,410
759,694 749,495

R J W SHEET METAL LIMITED (REGISTERED NUMBER: 00868857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 975

Non-cancellable operating leases
2024 2023
£    £   
Within one year 70,157 43,000
Between one and five years 280,628 172,000
In more than five years 84,677 83,509
435,462 298,509

8. RELATED PARTY DISCLOSURES

During the year the company provided a loan of £67,938 to the directors' SIPP pension fund towards the purchase of premises to be occupied by the company on a short leasehold basis. The balance outstanding on 31 March 2024 totalled £67,938 (2023 - £nil).