Company registration number 00785603 (England and Wales)
J. RALPH STEVENS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Pages For Filing With Registrar
J. Ralph Stevens Limited
J. RALPH STEVENS LIMITED
Contents
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
J. Ralph Stevens Limited
J. RALPH STEVENS LIMITED
Accountants' Report To The Director On The Preparation Of The Unaudited Statutory Financial Statements Of J. Ralph Stevens Limited For The Year Ended 31 December 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. Ralph Stevens Limited for the year ended 31 December 2023 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.
This report is made solely to the board of directors of J. Ralph Stevens Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2017. Our work has been undertaken solely to prepare for your approval the financial statements of J. Ralph Stevens Limited and state those matters that we have agreed to state to the board of directors of J. Ralph Stevens Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. Ralph Stevens Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that J. Ralph Stevens Limited 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 loss of J. Ralph Stevens Limited. You consider that J. Ralph Stevens Limited 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 J. Ralph Stevens Limited. 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.
Chavereys Limited
3 September 2024
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
J. Ralph Stevens Limited
J. RALPH STEVENS LIMITED
Balance Sheet
As At 31 December 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
44,309
54,963
Current assets
Debtors
4
151
5,685
Cash at bank and in hand
4,051
4,202
5,685
Creditors: amounts falling due within one year
5
(339,347)
(280,807)
Net current liabilities
(335,145)
(275,122)
Total assets less current liabilities
(290,836)
(220,159)
Provisions for liabilities
(623)
(623)
Net liabilities
(291,459)
(220,782)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(292,459)
(221,782)
Total equity
(291,459)
(220,782)
The notes on pages 3 to 4 form part of these financial statements.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 August 2024
Mr JR Stevens
Director
Company Registration No. 00785603
J. Ralph Stevens Limited
J. RALPH STEVENS LIMITED
Notes To The Financial Statements
For The Year Ended 31 December 2023
- 3 -
1
Accounting policies
Company information
J. Ralph Stevens Limited is a private company limited by shares incorporated in England and Wales. The registered office is Poplars Farm, Horsmonden, Tonbridge, Kent, England, TN12 8HN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Going concern
The director believes the company to be a going concern on the basis it has his continued financial support and he has sufficient funding to continue to support the operations of J Ralph Stevens Limited for at least 12 months from the date these financial statements are approved.true
1.3
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
0 - 4% straight line
Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Motor vehicles
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
J. Ralph Stevens Limited
J. RALPH STEVENS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 December 2023
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
4,546
203,187
41,927
1,500
251,160
Depreciation and impairment
At 1 January 2023
2,346
153,805
39,160
886
196,197
Depreciation charged in the year
102
9,876
553
123
10,654
At 31 December 2023
2,448
163,681
39,713
1,009
206,851
Carrying amount
At 31 December 2023
2,098
39,506
2,214
491
44,309
At 31 December 2022
2,200
49,382
2,767
614
54,963
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
912
Other debtors
151
3,112
Prepayments and accrued income
1,661
151
5,685
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
21,222
Other creditors
335,969
256,685
Accruals and deferred income
3,378
2,900
339,347
280,807