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REGISTERED NUMBER: 03933947 (England and Wales)










RJS FABRICATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 487,605 494,508
Investment property 6 4,024,306 4,022,306
4,511,911 4,516,814

CURRENT ASSETS
Stocks 13,145 12,075
Debtors 7 540,989 296,419
Cash at bank 401,609 508,014
955,743 816,508
CREDITORS
Amounts falling due within one year 8 680,189 262,293
NET CURRENT ASSETS 275,554 554,215
TOTAL ASSETS LESS CURRENT LIABILITIES 4,787,465 5,071,029

CREDITORS
Amounts falling due after more than one year 9 (582,027 ) (881,000 )

PROVISIONS FOR LIABILITIES (333,750 ) (331,875 )
NET ASSETS 3,871,688 3,858,154

CAPITAL AND RESERVES
Called up share capital 11 2 2
Non-distributable reserves 1,549,422 1,549,422
Retained earnings 2,322,264 2,308,730
SHAREHOLDERS' FUNDS 3,871,688 3,858,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

BALANCE SHEET - continued
29TH FEBRUARY 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 26th September 2024 and were signed on its behalf by:





R J Smith - Director


RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

RJS Fabrications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03933947

Registered office: St Marys Works
Middleton Road
Morley
Leeds
LS27 8AP

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 10% to 33% on cost

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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
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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 20,000
AMORTISATION
At 1st March 2023
and 29th February 2024 20,000
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st March 2023 400,000 284,503 2,410 104,830 791,743
Additions - 17,706 7,500 - 25,206
At 29th February 2024 400,000 302,209 9,910 104,830 816,949
DEPRECIATION
At 1st March 2023 - 239,974 1,600 55,661 297,235
Charge for year 8,000 10,090 482 13,537 32,109
At 29th February 2024 8,000 250,064 2,082 69,198 329,344
NET BOOK VALUE
At 29th February 2024 392,000 52,145 7,828 35,632 487,605
At 28th February 2023 400,000 44,529 810 49,169 494,508


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023 4,022,306
Additions 2,000
At 29th February 2024 4,024,306
NET BOOK VALUE
At 29th February 2024 4,024,306
At 28th February 2023 4,022,306

The directors consider the value of investment properties included in the accounts to fairly represent the open market value at the balance sheet date.

The historic cost equivalent of investment properties included at fair value is £2,474,306 (2023: £2,472,306).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,554 169,255
Other debtors 354,435 127,164
540,989 296,419

RJS FABRICATIONS LIMITED (REGISTERED NUMBER: 03933947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 300,000 -
Trade creditors 52,506 46,987
Taxation and social security 92,245 89,765
Other creditors 235,438 125,541
680,189 262,293

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 582,027 881,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 882,027 881,000

The bank loan is secured by a debenture and a legal charge over the company's investment property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Shares £1 2 2