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REGISTERED NUMBER: 12087991 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RJAY DEVELOPMENTS LIMITED

RJAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12087991)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJAY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J P Happe
R J A Denbow





REGISTERED OFFICE: 31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 12087991 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

RJAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12087991)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 50,479 74,911

CURRENT ASSETS
Stocks 2,076,577 1,121,840
Debtors 5 144,438 112,974
Cash at bank 5,746 744
2,226,761 1,235,558
CREDITORS
Amounts falling due within one year 6 2,672,778 1,470,666
NET CURRENT LIABILITIES (446,017 ) (235,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES (395,538 ) (160,197 )

CREDITORS
Amounts falling due after more than one
year

7

62,127

82,878
NET LIABILITIES (457,665 ) (243,075 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (457,765 ) (243,175 )
(457,665 ) (243,075 )

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

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

RJAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12087991)

BALANCE SHEET - continued
31 OCTOBER 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 28 May 2025 and were signed on its behalf by:





R J A Denbow - Director


RJAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12087991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Rjay Developments 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.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Going concern
The financial statements have been prepared on a going concern basis. The directors are of the opinion that the company will have access to sufficient funds to enable it to continue trading for at least one tear from the date of signing the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RJAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12087991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 614 102,992 4,022 107,628
Additions 1,074 - 1,107 2,181
Disposals - - (1,404 ) (1,404 )
At 31 October 2024 1,688 102,992 3,725 108,405
DEPRECIATION
At 1 November 2023 125 30,039 2,553 32,717
Charge for year 250 25,748 615 26,613
Eliminated on disposal - - (1,404 ) (1,404 )
At 31 October 2024 375 55,787 1,764 57,926
NET BOOK VALUE
At 31 October 2024 1,313 47,205 1,961 50,479
At 31 October 2023 489 72,953 1,469 74,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 144,438 112,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,420,426 388,016
Hire purchase contracts 10,568 10,568
Trade creditors 178,800 -
Other creditors 1,062,984 1,072,082
2,672,778 1,470,666

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,091 23,274
Hire purchase contracts 49,036 59,604
62,127 82,878

RJAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12087991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 1,410,244 378,085

The loan is secured by a fixed charge over the assets of the company and floating charge over all the property or undertaking of the company.

9. RELATED PARTY DISCLOSURES

Other debtors includes a loan to a related party of £108,404 (2023 £108,404). No interest is charged.

Other creditors includes loans from related parties of £12,500 (2023 £20,300). No interest is charged.
Loans from the directors of £32,238 (2023 £32,238) are included in other creditors. No interest is charged and they are repayable on demand.