Company registration number 09886120 (England and Wales)
RJ VINCENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
RJ VINCENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
RJ VINCENT LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
94,520
94,556
94,520
94,556
Current assets
Stocks
249
275
Debtors
5
16,173
25,469
Cash at bank and in hand
73,981
48,286
90,403
74,030
Creditors: amounts falling due within one year
6
(36,963)
(37,580)
Net current assets
53,440
36,450
Total assets less current liabilities
147,960
131,006
Creditors: amounts falling due after more than one year
7
(4,583)
(9,583)
Provisions for liabilities
(16,700)
(16,626)
Net assets
126,677
104,797
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
126,577
104,697
Total equity
126,677
104,797

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 November 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 members have 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 17 June 2025
Mr R J Vincent
Director
Company Registration No. 09886120
RJ VINCENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

RJ Vincent Limited is a private company limited by shares incorporated in England and Wales. The registered office is 50 Gaer Park Road, Newport, United Kingdom, NP20 3NJ.

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 £.

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 services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, 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:

Plant and machinery
20% reducing balance
Computer equipment
33% reducing balance
Motor vehicles
25% reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

RJ VINCENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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 employee’s services are received.

1.8
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.

2
Employees

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

2024
2023
Number
Number
Total
2
1
RJ VINCENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
10,000
Amortisation and impairment
At 1 December 2023 and 30 November 2024
10,000
Carrying amount
At 30 November 2024
-
0
At 30 November 2023
-
0
4
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2023
142,285
2,606
19,200
164,091
Additions
12,132
324
9,927
22,383
Disposals
-
0
(375)
(11,700)
(12,075)
At 30 November 2024
154,417
2,555
17,427
174,399
Depreciation and impairment
At 1 December 2023
56,933
1,902
10,700
69,535
Depreciation charged in the year
17,955
250
1,898
20,103
Eliminated in respect of disposals
-
0
(325)
(9,434)
(9,759)
At 30 November 2024
74,888
1,827
3,164
79,879
Carrying amount
At 30 November 2024
79,529
728
14,263
94,520
At 30 November 2023
85,352
704
8,500
94,556
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,558
24,865
Other debtors
2,615
604
16,173
25,469
RJ VINCENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,000
5,000
Trade creditors
4,475
9,393
Corporation tax
6,349
3,333
Other taxation and social security
-
0
3,989
Other creditors
21,139
15,865
36,963
37,580
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,583
9,583
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Directors' transactions

Dividends totalling £5,500 (2023 - £5,438) were paid in the year in respect of shares held by the company's director.

The director operates a current loan account with the company, which is credited with payments made by the director and any cash introduced and debited with private expenses and cash drawn. The amount outstanding to the director as at 30 November 2024 was £18,624 (2023 - £13,463); this amount being included in creditors: amounts falling due within one year.

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