1 February 2023 v2024.54.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP099511092023-02-012024-01-31099511092024-01-31099511092023-01-3109951109core:WithinOneYear2024-01-3109951109core:WithinOneYear2023-01-3109951109core:AfterOneYear2024-01-3109951109core:AfterOneYear2023-01-3109951109core:ShareCapital2024-01-3109951109core:ShareCapital2023-01-3109951109core:RetainedEarningsAccumulatedLosses2024-01-3109951109core:RetainedEarningsAccumulatedLosses2023-01-3109951109bus:Director12023-02-012024-01-3109951109bus:RegisteredOffice2023-02-012024-01-3109951109core:NetGoodwill2023-02-012024-01-3109951109core:NetGoodwill2024-01-3109951109core:NetGoodwill2023-02-0109951109core:NetGoodwill2023-01-3109951109core:PlantMachinery2023-02-0109951109core:PlantMachinery2023-02-012024-01-3109951109core:PlantMachinery2024-01-3109951109core:PlantMachinery2023-01-310995110912023-02-012024-01-31099511092022-02-012023-01-3109951109countries:EnglandWales2023-02-012024-01-3109951109bus:AuditExemptWithAccountantsReport2023-02-012024-01-3109951109bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109951109bus:SmallEntities2023-02-012024-01-3109951109bus:FullAccounts2023-02-012024-01-31
Company registration number:
09951109
RJW Experiences Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2024
RJW Experiences Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of RJW Experiences Limited
Year ended
31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
RJW Experiences Limited
for the year ended
31 January 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
RJW Experiences Limited
, as a body, in accordance with the terms of my engagement letter dated 10 May 2023. My work has been undertaken solely to prepare for your approval the
financial statements
of
RJW Experiences Limited
and state those matters that I have agreed to state to the Board of Directors of
RJW Experiences Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
RJW Experiences Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
RJW Experiences 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
RJW Experiences Limited
. You consider that
RJW Experiences Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of RJW Experiences Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Real Time Accountants
Anson House
1 Cae'r Llynen
Llandudno Junction
Conwy
LL31 9LS
United Kingdom
Date:
30 April 2024
RJW Experiences Limited
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Intangible assets 5
20,403
 
30,604
 
Tangible assets 6
24,856
 
37,015
 
45,259
 
67,619
 
Current assets    
Stocks
15,500
 
15,500
 
Debtors 7
26,264
 
50,958
 
Cash at bank and in hand
9,765
 
44,430
 
51,529
 
110,888
 
Creditors: amounts falling due within one year 8
(92,320
)
(98,049
)
Net current (liabilities)/assets
(40,791
)
12,839
 
Total assets less current liabilities 4,468   80,458  
Creditors: amounts falling due after more than one year 9
(121,049
)
(153,370
)
Net liabilities
(116,581
)
(72,912
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(116,681
)
(73,012
)
Shareholders deficit
(116,581
)
(72,912
)
For the 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.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
22 October 2024
, and are signed on behalf of the board by:
Ross Leach
Director
Company registration number:
09951109
RJW Experiences Limited
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Anson House
,
1 Cae'r Llynen
,
Llandudno Junction
,
Conwy
,
LL31 9LS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Intangible assets

Goodwill
£
Cost  
At
1 February 2023
and
31 January 2024
102,012
 
Amortisation  
At
1 February 2023
71,408
 
Charge
10,201
 
At
31 January 2024
81,609
 
Carrying amount  
At
31 January 2024
20,403
 
At 31 January 2023
30,604
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2023
200,985
 
Disposals
(3,000
)
At
31 January 2024
197,985
 
Depreciation  
At
1 February 2023
163,970
 
Charge
12,159
 
Disposals
(3,000
)
At
31 January 2024
173,129
 
Carrying amount  
At
31 January 2024
24,856
 
At 31 January 2023
37,015
 

7 Debtors

20242023
££
Other debtors
26,264
 
50,958
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
34,302
 
34,302
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
53,083
 
36,963
 
Taxation and social security
2,787
 
22,636
 
Other creditors
2,148
 
4,148
 
92,320
 
98,049
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
121,049
 
153,370
 

10 Director's advances, credit and guarantees

The following directors loan accounts are included in other creditors and debtors:
- Ross Leach owed £26,264 to the company (2023: £50,958). During the year, amount amount advanced was £5,815 and the amount repaid was £30,510.
- Walter Leach was owed £497 (2023: £2,497). During the year, amount advanced was £Nil and the amount repaid was £2,000.