Company registration number 11960317 (England and Wales)
RJL FINANCIAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
RJL FINANCIAL LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
RJL FINANCIAL LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr. R Laughton
Company number
11960317
Registered office
Tor View
Hightown
Ringwood
BH24 3DY
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
RJL FINANCIAL LIMITED
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,052
15,657
Current assets
Debtors
4
-
0
168
Cash at bank and in hand
60,105
88,514
60,105
88,682
Creditors: amounts falling due within one year
5
(23,668)
(20,119)
Net current assets
36,437
68,563
Total assets less current liabilities
44,489
84,220
Creditors: amounts falling due after more than one year
6
(9,208)
(17,708)
Net assets
35,281
66,512
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
35,280
66,511
Total equity
35,281
66,512
RJL FINANCIAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024
30 April 2024
- 3 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 29 November 2024
Mr. R Laughton
Director
Company Registration No. 11960317
The notes on pages 4 to 7 form part of these financial statements
RJL FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

RJL Financial Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tor View, Hightown, Ringwood, BH24 3DY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
25% Straight Line
Fixtures and fittings
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

RJL FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

RJL FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
1
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
24,410
6,010
30,420
Depreciation and impairment
At 1 May 2023
12,206
2,557
14,763
Depreciation charged in the year
6,103
1,502
7,605
At 30 April 2024
18,309
4,059
22,368
Carrying amount
At 30 April 2024
6,101
1,951
8,052
At 30 April 2023
12,204
3,453
15,657
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
-
0
168
RJL FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
8,500
8,500
Taxation and social security
3,137
4,554
Other creditors
10,591
6,940
Accruals and deferred income
1,440
125
23,668
20,119
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,208
17,708
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
2024-04-302023-05-01false29 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr. R Laughtonfalsefalse119603172023-05-012024-04-3011960317bus:Director12023-05-012024-04-3011960317bus:RegisteredOffice2023-05-012024-04-30119603172024-04-30119603172023-04-3011960317core:LandBuildingscore:OwnedOrFreeholdAssets2024-04-3011960317core:FurnitureFittings2024-04-3011960317core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-3011960317core:FurnitureFittings2023-04-3011960317core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3011960317core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3011960317core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3011960317core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3011960317core:CurrentFinancialInstruments2024-04-3011960317core:CurrentFinancialInstruments2023-04-3011960317core:ShareCapital2024-04-3011960317core:ShareCapital2023-04-3011960317core:RetainedEarningsAccumulatedLosses2024-04-3011960317core:RetainedEarningsAccumulatedLosses2023-04-3011960317core:LandBuildingscore:OwnedOrFreeholdAssets2023-05-012024-04-3011960317core:FurnitureFittings2023-05-012024-04-30119603172022-05-012023-04-3011960317core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-3011960317core:FurnitureFittings2023-04-30119603172023-04-3011960317core:Non-currentFinancialInstruments2024-04-3011960317core:Non-currentFinancialInstruments2023-04-3011960317bus:PrivateLimitedCompanyLtd2023-05-012024-04-3011960317bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011960317bus:FRS1022023-05-012024-04-3011960317bus:AuditExemptWithAccountantsReport2023-05-012024-04-3011960317bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP