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REGISTERED NUMBER: 03999276 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

RJM Corporation (EC) Limited

RJM Corporation (EC) Limited (Registered number: 03999276)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJM Corporation (EC) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J P Goldring
C E Goldring
P J Goldring





SECRETARY: J P Goldring





REGISTERED OFFICE: Kingdon's Yard
Parchment Street
WINCHESTER
Hampshire
SO23 8AT





REGISTERED NUMBER: 03999276 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

RJM Corporation (EC) Limited (Registered number: 03999276)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 4,171 5,963
Tangible assets 5 120,031 106,973
124,202 112,936

CURRENT ASSETS
Debtors 6 2,293,094 2,792,552
Cash at bank and in hand 13,653,423 7,806,424
15,946,517 10,598,976
CREDITORS
Amounts falling due within one year 7 10,239,999 4,662,530
NET CURRENT ASSETS 5,706,518 5,936,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,830,720

6,049,382

CREDITORS
Amounts falling due after more than one
year

8

-

(966,117

)

PROVISIONS FOR LIABILITIES (593,109 ) (326,449 )
NET ASSETS 5,237,611 4,756,816

CAPITAL AND RESERVES
Called up share capital 225,100 225,100
Retained earnings 5,012,511 4,531,716
SHAREHOLDERS' FUNDS 5,237,611 4,756,816

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

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

RJM Corporation (EC) Limited (Registered number: 03999276)

Balance Sheet - continued
31 August 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 May 2025 and were signed on its behalf by:





J P Goldring - Director


RJM Corporation (EC) Limited (Registered number: 03999276)

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

1. STATUTORY INFORMATION

RJM Corporation (EC) Limited 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.

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.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration on completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Intangible assets
Patents and licences are being amortised evenly over their estimated useful lives.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

RJM Corporation (EC) Limited (Registered number: 03999276)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contract
Amounts recoverable on contract are reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 68,260
Additions 1,295
At 31 August 2024 69,555
AMORTISATION
At 1 September 2023 62,297
Charge for year 3,087
At 31 August 2024 65,384
NET BOOK VALUE
At 31 August 2024 4,171
At 31 August 2023 5,963

RJM Corporation (EC) Limited (Registered number: 03999276)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings Vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 72,950 166,315 30,199 232,036 501,500
Additions 1,277 - - 62,492 63,769
Disposals (20,000 ) - - - (20,000 )
At 31 August 2024 54,227 166,315 30,199 294,528 545,269
DEPRECIATION
At 1 September 2023 5,781 152,720 12,295 223,731 394,527
Charge for year 7,091 2,549 4,476 16,595 30,711
At 31 August 2024 12,872 155,269 16,771 240,326 425,238
NET BOOK VALUE
At 31 August 2024 41,355 11,046 13,428 54,202 120,031
At 31 August 2023 67,169 13,595 17,904 8,305 106,973

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 952,348 1,039,211
Amounts recoverable on contract 507,617 920,143
Other debtors 833,129 833,198
2,293,094 2,792,552

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 916,675 950,554
Trade creditors 152,214 208,597
Taxation and social security 195,247 191,951
Other creditors 8,975,863 3,311,428
10,239,999 4,662,530

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 966,117

RJM Corporation (EC) Limited (Registered number: 03999276)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,619 6,742
Between one and five years - 5,619
5,619 12,361

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 916,675 1,916,671

The NatWest loan is secured by a fixed and floating charge over all the Company's assets.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J P Goldring.

12. CASH AT BANK

The cash at bank balance includes various guarantees of £3,610,581 held at HSBC.