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REGISTERED NUMBER: 09256256 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30 September 2024

for

RJC (Mechanical) Ltd

RJC (Mechanical) Ltd (Registered number: 09256256)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJC (Mechanical) Ltd

Company Information
For The Year Ended 30 September 2024







DIRECTORS: R J Cawte
Mrs K A Cawte
S M Lawrance
R J Smith





REGISTERED OFFICE: 6 - 8 Axis Park
Fort Fareham Industrial Estate
Fareham
Hampshire
PO14 1FD





REGISTERED NUMBER: 09256256 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

RJC (Mechanical) Ltd (Registered number: 09256256)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 479,636 520,510

CURRENT ASSETS
Stocks 743,581 261,120
Debtors 6 2,000,594 2,174,382
Cash at bank and in hand 507,169 845,356
3,251,344 3,280,858
CREDITORS
Amounts falling due within one year 7 935,099 1,189,051
NET CURRENT ASSETS 2,316,245 2,091,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,795,881

2,612,317

CREDITORS
Amounts falling due after more than one
year

8

(29,751

)

(39,091

)

PROVISIONS FOR LIABILITIES (102,229 ) (94,425 )
NET ASSETS 2,663,901 2,478,801

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,663,801 2,478,701
SHAREHOLDERS' FUNDS 2,663,901 2,478,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RJC (Mechanical) Ltd (Registered number: 09256256)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





R J Cawte - Director


RJC (Mechanical) Ltd (Registered number: 09256256)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

RJC (Mechanical) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over the term of the lease
Plant and machinery - Straight line over 4 years
Fixtures and equipment - Straight line over 4 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 3 years

Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

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.

RJC (Mechanical) Ltd (Registered number: 09256256)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provision 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 provision 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.

Basic financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective rate of interest method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and bank balances.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


RJC (Mechanical) Ltd (Registered number: 09256256)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2023 - 49 ) .

RJC (Mechanical) Ltd (Registered number: 09256256)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery equipment
£    £    £   
COST
At 1 October 2023 62,301 94,095 16,643
Additions - 79,411 5,486
Disposals - (22,930 ) -
At 30 September 2024 62,301 150,576 22,129
DEPRECIATION
At 1 October 2023 43,865 60,048 9,346
Charge for year 18,436 21,521 3,128
Eliminated on disposal - - -
At 30 September 2024 62,301 81,569 12,474
NET BOOK VALUE
At 30 September 2024 - 69,007 9,655
At 30 September 2023 18,436 34,047 7,297

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 820,658 72,959 1,066,656
Additions 108,176 23,698 216,771
Disposals (14,495 ) - (37,425 )
At 30 September 2024 914,339 96,657 1,246,002
DEPRECIATION
At 1 October 2023 384,047 48,840 546,146
Charge for year 173,034 18,596 234,715
Eliminated on disposal (14,495 ) - (14,495 )
At 30 September 2024 542,586 67,436 766,366
NET BOOK VALUE
At 30 September 2024 371,753 29,221 479,636
At 30 September 2023 436,611 24,119 520,510

RJC (Mechanical) Ltd (Registered number: 09256256)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,112,778 1,914,683
Other debtors 502,174 86,997
Directors' current accounts 150,129 -
Tax 50,669 56,311
VAT 53,563 13,567
Prepayments 131,281 102,824
2,000,594 2,174,382

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 45,075 55,620
Trade creditors 360,019 521,105
Tax 135,336 144,664
Social security and other taxes 70,132 32,998
Other creditors 85,136 142,174
Pension contributions payable 14,943 15,625
Directors' current accounts 125,602 113
Accrued expenses 98,856 276,752
935,099 1,189,051

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 29,751 39,091

9. SECURED DEBTS

The company is subject to a charge registered by Lloyds Bank Plc consisting of an omnibus guarantee & set-off agreement and by way of legal debenture. These charges include fixed and floating charges over the undertaking of the company and all property.

10. OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had other financial commitments not disclosed on the balance sheet of £512,102 (2023: £47,862).

RJC (Mechanical) Ltd (Registered number: 09256256)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

11. RELATED PARTY DISCLOSURES

During the year the company made loan advances to a director of £77,041 and received repayments of £203,362. At the balance sheet date loan balance owed to the director was £125,602 (2023: £113).

During the year this directors loan was overdrawn with a maximum balance of £76,066. Interest of £832 was charged on the beneficial loan at an effective interest rate of 2.25% per annum.

Also during the year the company made a loan advance to another director of £150,000 for the purchase of shares of which interest of £129 was charged on the beneficial loan at an effective interest rate of 2.25% per annum. At the balance sheet date the balance owed by the director was £150,129 (2023: £nil).

Also during the year a loan was made to a shareholder for the purchase of shares of £75,000 (2023: £nil). There was no interest charged on this loan.

Loan balances due to or from related parties were transacted under normal market conditions the loan balances due from related parties are repayable on demand.