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REGISTERED NUMBER: 10648360 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

RJL Steel Fabrications Ltd

RJL Steel Fabrications Ltd (Registered number: 10648360)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJL Steel Fabrications Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Smith
Mrs B Smith





REGISTERED OFFICE: 6 Commodore Road
Maidstone
Kent
ME14 5PH





REGISTERED NUMBER: 10648360 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

RJL Steel Fabrications Ltd (Registered number: 10648360)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,325 7,742

CURRENT ASSETS
Stocks 43,895 33,410
Debtors 5 73,302 61,884
Cash at bank and in hand 27,430 46,854
144,627 142,148
CREDITORS
Amounts falling due within one year 6 128,994 114,860
NET CURRENT ASSETS 15,633 27,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,958

35,030

CREDITORS
Amounts falling due after more than one
year

7

23,750

33,750
NET (LIABILITIES)/ASSETS (1,792 ) 1,280

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,892 ) 1,180
SHAREHOLDERS' FUNDS (1,792 ) 1,280

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

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

RJL Steel Fabrications Ltd (Registered number: 10648360)

Balance Sheet - continued
31 March 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 19 November 2024 and were signed on its behalf by:





R Smith - Director


RJL Steel Fabrications Ltd (Registered number: 10648360)

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

1. STATUTORY INFORMATION

RJL Steel Fabrications Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 company is reliant on the financial support of the director who has advanced the company £30,662 by way of a director's loan. The director has stated that this amount will only be called up for repayment when the company has sufficient reserves and future operating cashflows from which to repay this debt and meet all its other debts as they fall due. For this reason the director has adopted the Going Concern principle when preparing these financial statements despite liabilities exceeding assets by £1,792.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the fabrication of steel for customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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

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.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

RJL Steel Fabrications Ltd (Registered number: 10648360)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 13,240
DEPRECIATION
At 1 April 2023 5,498
Charge for year 1,417
At 31 March 2024 6,915
NET BOOK VALUE
At 31 March 2024 6,325
At 31 March 2023 7,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,468 17,989
Amounts recoverable on contract - 40,061
Other debtors 3,834 3,834
73,302 61,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 65,315 88,922
Taxation and social security 31,570 21,230
Other creditors 32,109 4,708
128,994 114,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 23,750 33,750

RJL Steel Fabrications Ltd (Registered number: 10648360)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Smith.