R J Deeprose Limited 04146762 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of general mechanical engineering Digita Accounts Production Advanced 6.30.9574.0 true true 04146762 2023-02-01 2024-01-31 04146762 2024-01-31 04146762 core:RetainedEarningsAccumulatedLosses 2024-01-31 04146762 core:ShareCapital 2024-01-31 04146762 core:CurrentFinancialInstruments 2024-01-31 04146762 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 04146762 core:FurnitureFittingsToolsEquipment 2024-01-31 04146762 core:MotorVehicles 2024-01-31 04146762 core:OtherPropertyPlantEquipment 2024-01-31 04146762 bus:SmallEntities 2023-02-01 2024-01-31 04146762 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04146762 bus:FilletedAccounts 2023-02-01 2024-01-31 04146762 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04146762 bus:RegisteredOffice 2023-02-01 2024-01-31 04146762 bus:Director1 2023-02-01 2024-01-31 04146762 bus:Director2 2023-02-01 2024-01-31 04146762 bus:Director3 2023-02-01 2024-01-31 04146762 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04146762 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 04146762 core:MotorVehicles 2023-02-01 2024-01-31 04146762 core:OfficeEquipment 2023-02-01 2024-01-31 04146762 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 04146762 core:PlantMachinery 2023-02-01 2024-01-31 04146762 countries:EnglandWales 2023-02-01 2024-01-31 04146762 2023-01-31 04146762 core:FurnitureFittingsToolsEquipment 2023-01-31 04146762 core:MotorVehicles 2023-01-31 04146762 core:OtherPropertyPlantEquipment 2023-01-31 04146762 2022-02-01 2023-01-31 04146762 2023-01-31 04146762 core:RetainedEarningsAccumulatedLosses 2023-01-31 04146762 core:ShareCapital 2023-01-31 04146762 core:CurrentFinancialInstruments 2023-01-31 04146762 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 04146762 core:FurnitureFittingsToolsEquipment 2023-01-31 04146762 core:MotorVehicles 2023-01-31 04146762 core:OtherPropertyPlantEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 04146762

R J Deeprose Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

R J Deeprose Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

R J Deeprose Limited

Company Information

Directors

Ronald James Deeprose

Mrs Patricia Mary Deeprose

Mr Henry Eric Chicken

Registered office

70 Hollington Old Lane
St. Leonards On Sea
East Sussex
TN38 9DP

Accountants

Manningtons
Chartered Accountants
39 High Street
Battle
East Sussex
TN33 0EE

 

R J Deeprose Limited

(Registration number: 04146762)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,466

4,208

Current assets

 

Stocks

5

457

495

Debtors

6

2,670

3,011

Cash at bank and in hand

 

11,781

10,786

 

14,908

14,292

Creditors: Amounts falling due within one year

7

(34,696)

(34,678)

Net current liabilities

 

(19,788)

(20,386)

Net liabilities

 

(16,322)

(16,178)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(16,323)

(16,179)

Shareholders' deficit

 

(16,322)

(16,178)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 September 2024 and signed on its behalf by:
 

.........................................
Ronald James Deeprose
Director

 

R J Deeprose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
70 Hollington Old Lane
St. Leonards On Sea
East Sussex
TN38 9DP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis. The Directors have confirmed that they will continue to support the company and meet any liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

R J Deeprose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Asset class

Depreciation method and rate

Plant and Machinery

15% reducing balance basis

Motor vehicles

25% reducing balance basis

Office equipment

20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

R J Deeprose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

-

9,738

2,397

12,135

Additions

374

-

-

374

At 31 January 2024

374

9,738

2,397

12,509

Depreciation

At 1 February 2023

-

5,630

2,297

7,927

Charge for the year

74

1,027

15

1,116

At 31 January 2024

74

6,657

2,312

9,043

Carrying amount

At 31 January 2024

300

3,081

85

3,466

At 31 January 2023

-

4,108

100

4,208

5

Stocks

2024
£

2023
£

Raw materials and consumables

382

495

Other inventories

75

-

457

495

6

Debtors

2024
£

2023
£

Trade debtors

1,579

2,249

Prepayments

822

762

Other debtors

269

-

2,670

3,011






 

 

R J Deeprose Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

514

386

Taxation and social security

714

819

Accruals and deferred income

1,100

1,672

Other creditors

421

-

Director's loan account

31,947

31,801

34,696

34,678

The company relies upon the continued support of its directors.