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Registration number: 06035907

RJH Memorials Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

RJH Memorials Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 8

 

RJH Memorials Limited

(Registration number: 06035907)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

222,674

196,144

Current assets

 

Stocks

6

25,000

24,100

Debtors

7

98,110

207,648

Cash at bank and in hand

 

51,620

138,763

 

174,730

370,511

Creditors: Amounts falling due within one year

8

(334,606)

(354,755)

Net current (liabilities)/assets

 

(159,876)

15,756

Total assets less current liabilities

 

62,798

211,900

Creditors: Amounts falling due after more than one year

8

(10,893)

(7,836)

Provisions for liabilities

(7,910)

(1,260)

Net assets

 

43,995

202,804

Capital and reserves

 

Called up share capital

100

100

Retained earnings

43,895

202,704

Shareholders' funds

 

43,995

202,804

 

RJH Memorials Limited

(Registration number: 06035907)
Balance Sheet as at 31 January 2024

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 30 October 2024 and signed on its behalf by:
 

.........................................
Mrs G Benns
Director

 

RJH Memorials Limited

Notes to the 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:
245D Barlow Moor Road
Manchester
Lancashire
M21 7QL
United Kingdom

These financial statements were authorised for issue by the Board on 30 October 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 value added tax, 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

RJH Memorials Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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:

Asset class

Depreciation method and rate

Land and building

2% on cost

Motor vehicles

25% on cost

Furniture, fittings and equipments

40% on cost and 15% on cost

Plant and machinery

25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

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.

 

RJH Memorials Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company has elected to apply the provisions of FRS 102 section 11 "Basic Financial Instruments" to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, directors' loan accounts, trade creditors, bank loans, hire purchase agreements and accruals.

 Recognition and measurement
Financial instruments that are payable or receivable within one year, typically bank accounts, trade debtors, directors' loan accounts, trade creditors, bank loans, hire purchase agreements and accruals.are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

Financial instruments that are payable or receivable in more than one year, typically bank loans and hire purchase agreements are measured initially at the present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 15).

 

RJH Memorials Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

84,300

84,300

At 31 January 2024

84,300

84,300

Amortisation

At 1 February 2023

84,300

84,300

At 31 January 2024

84,300

84,300

Carrying amount

At 31 January 2024

-

-

 

RJH Memorials Limited

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

247,213

25,986

19,112

42,434

334,745

Additions

-

-

29,249

16,220

45,469

At 31 January 2024

247,213

25,986

48,361

58,654

380,214

Depreciation

At 1 February 2023

56,108

23,581

19,112

39,800

138,601

Charge for the year

4,944

481

6,825

6,689

18,939

At 31 January 2024

61,052

24,062

25,937

46,489

157,540

Carrying amount

At 31 January 2024

186,161

1,924

22,424

12,165

222,674

At 31 January 2023

191,105

2,405

-

2,634

196,144

Included within the net book value of land and buildings above is £186,160 (2023 - £191,105) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

25,000

24,100

7

Debtors

Current

2024
£

2023
£

Trade debtors

4,593

-

Prepayments

3,160

1,901

Other debtors

90,357

205,747

 

98,110

207,648

 

RJH Memorials Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

14,583

4,561

Trade creditors

 

34,488

25,944

Taxation and social security

 

52,616

106,205

Accruals and deferred income

 

231,675

214,568

Other creditors

 

1,244

3,477

 

334,606

354,755

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £14,583 (2023 - £4,561).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10,893

7,836

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,893 (2023 - £7,836).

9

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Mrs G Benns

73,119

89,701

(122,859)

39,961

Mr S Benns

73,119

87,702

(120,860)

39,961

The amounts due from the directors at 31 January 2024 are unsecured and have no fixed repayment terms. Interest has been charged on the amounts advanced at the official rate.