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REGISTERED NUMBER: 12402390 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RAYNER JONES EMPLOYMENT LAW AND HR
SERVICES LIMITED

RAYNER JONES EMPLOYMENT LAW AND HR
SERVICES LIMITED (REGISTERED NUMBER: 12402390)

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










Page

Balance sheet 1

Notes to the financial statements 2


RAYNER JONES EMPLOYMENT LAW AND HR
SERVICES LIMITED (REGISTERED NUMBER: 12402390)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,238 3,088

Current assets
Debtors 5 94,650 83,848
Cash at bank 9,428 4,308
104,078 88,156
Creditors
Amounts falling due within one year 6 74,792 57,746
Net current assets 29,286 30,410
Total assets less current liabilities 31,524 33,498

Creditors
Amounts falling due after more than one year 7 (28,207 ) (33,082 )

Provisions for liabilities 8 (283 ) (366 )
Net assets 3,034 50

Capital and reserves
Called up share capital 9 1 1
Retained earnings 3,033 49
Shareholders' funds 3,034 50

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

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

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 Statement of comprehensive income has not been delivered.

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




Mr R Jones - Director


RAYNER JONES EMPLOYMENT LAW AND HR
SERVICES LIMITED (REGISTERED NUMBER: 12402390)

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


1. Statutory information

Rayner Jones Employment Law & HR Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12402390. The registered office is 7 & 8 Church Street, Wimborne, Dorset BH21 1JH and business address is Byways, Bouldnor, Yarmouth, Isle of Wight, PO41 0UY.

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 represents income from the provision of legal services, net of vat.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

RAYNER JONES EMPLOYMENT LAW AND HR
SERVICES LIMITED (REGISTERED NUMBER: 12402390)

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


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 February 2023 1,519 7,800 9,319
Additions - 775 775
At 31 January 2024 1,519 8,575 10,094
Depreciation
At 1 February 2023 809 5,422 6,231
Charge for year 178 1,447 1,625
At 31 January 2024 987 6,869 7,856
Net book value
At 31 January 2024 532 1,706 2,238
At 31 January 2023 710 2,378 3,088

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 3,330 10,056
Other debtors - 44
Directors' current accounts 90,339 72,755
Prepayments and accrued income 981 993
94,650 83,848

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 4,793 32,504
Other loans 10,000 -
Trade creditors 5,173 3,750
Tax 26,040 9,793
VAT 12,394 9,016
Other creditors 13,593 38
Accruals and deferred income 2,799 2,645
74,792 57,746

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 4,993 5,004
Bank loans - 2-5 years 15,780 15,464
Bank loans more 5 yr by instal 7,434 12,614
28,207 33,082

RAYNER JONES EMPLOYMENT LAW AND HR
SERVICES LIMITED (REGISTERED NUMBER: 12402390)

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


7. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,434 12,614

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 283 366

Deferred
tax
£   
Balance at 1 February 2023 366
Credit to Income statement during year (83 )
Balance at 31 January 2024 283

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr R Jones
Balance outstanding at start of year 72,755 9,998
Amounts advanced 131,823 176,616
Amounts repaid (114,239 ) (113,859 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,339 72,755

At the year end the director, Mr R Jones, owed the company amounts totalling £90,339 (2023: £72,755) which are included within debtors: amounts falling due within one year. The amount owing at the balance sheet was the maximum amount owing throughout the year, and all amounts were fully repaid within 9 months of the year end.

11. Ultimate controlling party

Rayner Jones, the director, is considered to be the controlling party by virtue of his ownership of 100% of the share capital in issue.