Registered number
11172218
R & J Limited
Filleted Accounts
31 January 2024
R & J Limited
Registered number: 11172218
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,137 22,010
Current assets
Stocks 63,275 38,825
Debtors 4 6,737 5,091
Cash at bank and in hand 9,775 54,673
79,787 98,589
Creditors: amounts falling due within one year 5 (33,771) (23,825)
Net current assets 46,016 74,764
Total assets less current liabilities 63,153 96,774
Creditors: amounts falling due after more than one year 6 (62,434) (92,872)
Net assets 719 3,902
Capital and reserves
Called up share capital 100 100
Profit and loss account 619 3,802
Shareholders' funds 719 3,902
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ramesh Shrestha
Director
Approved by the board on 25 October 2024
R & J Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 39,366
At 31 January 2024 39,366
Depreciation
At 1 February 2023 17,356
Charge for the year 4,873
At 31 January 2024 22,229
Net book value
At 31 January 2024 17,137
At 31 January 2023 22,010
4 Debtors 2024 2023
£ £
Trade debtors 3,737 2,091
Other debtors 3,000 3,000
6,737 5,091
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,889 -
Trade creditors 12,065 18,754
Taxation and social security costs 8,862 4,308
Director's account 320 129
Other creditors 635 634
33,771 23,825
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 62,434 92,872
7 Other information
R & J Limited is a private company limited by shares and incorporated in England. Its registered office is:
35 White Rock
Hastings
TN34 1JY
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