Registered number
11604540
RJB Timber Frame Ltd
Filleted Accounts
31 October 2024
RJB Timber Frame Ltd
Registered number: 11604540
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,413 5,000
Current assets
Stocks - 101,590
Debtors 4 101,360 183,591
Cash at bank and in hand 137,501 298,103
238,861 583,284
Creditors: amounts falling due within one year 5 (127,585) (178,128)
Net current assets 111,276 405,156
Total assets less current liabilities 131,689 410,156
Provisions for liabilities (5,103) (1,250)
Net assets 126,586 408,906
Capital and reserves
Called up share capital 25 50
Capital redemption reserve 75 50
Profit and loss account 126,486 408,806
Shareholders' funds 126,586 408,906
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dean Jennings
Director
Approved by the board on 16 June 2025
RJB Timber Frame Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 6,000
Additions 22,173
At 31 October 2024 28,173
Depreciation
At 1 November 2023 1,000
Charge for the year 6,760
At 31 October 2024 7,760
Net book value
At 31 October 2024 20,413
At 31 October 2023 5,000
4 Debtors 2024 2023
£ £
Trade debtors 79,819 140,487
Other debtors 21,541 43,104
101,360 183,591
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 44,671 28,250
Taxation and social security costs 55,195 111,412
Other creditors 27,719 38,466
127,585 178,128
6 Other information
RJB Timber Frame Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Valley Lane
Wherstead
Ipswich
Suffolk
IP9 2AX
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