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RJM Commercials Limited
Registered Number:07399282
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
RJM Commercials Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07399282
As at 31 October 2024
RJM Commercials Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
5,797,917
7,683,097
3
5,797,917
7,683,097
Current assets
Inventories
19,000
-
4
Trade and other receivables
1,312,618
4,312,257
5
362,263
Cash and cash equivalents
748,204
5,060,461
1,693,881
Trade and other payables: amounts falling due within one
year
(3,402,924)
(4,098,734)
6
(1,709,043)
961,727
Net current assets
Total assets less current liabilities
6,759,644
5,974,054
Trade and other payables: amounts falling due after more
than one year
(2,036,157)
(987,927)
7
(1,163,074)
(917,769)
Provisions for liabilities
4,608,643
Net assets
3,020,128
Capital and reserves
Called up share capital
100
100
Retained earnings
4,608,543
3,020,028
4,608,643
3,020,128
Shareholders' funds
For the year ended 31 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07399282
For the year ended 31 October 2024
RJM Commercials Limited
Statement of Financial Position Continued
J A McDonald Director
These financial statements were approved and authorised for issue by the Board on 23 July 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 October 2024
RJM Commercials Limited
Notes to the Financial Statements
Statutory Information
RJM Commercials Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07399282.
Registered address:
Commercial House Snetterton Business Park
Snetterton
Norwich
England
NR16 2JU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax for haulauge services provided.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
20% Reducing balance
Office Equipment
10% Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of minimum lease payments. The related laibility is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss.
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6
For the year ended 31 October 2024
RJM Commercials Limited
Notes to the Financial Statements Continued
2. Prior year adjustments
The comparative figures for 2023 have been restated to bring in the deferred tax provision in respect of the
differences between the net book values and the tax written down values of fixed assets as at 1 November 2022,
and the opening balance sheet position has been adjusted accordingly. This resulted in a decrease to the profit and
loss reserves as at 1 November 2022 of £718,029. This can be seen in the Statement of Changes in Equity on page
6 of the accounts.
In addition, the movement in deferred tax to the year ended 31 October 2023 has been adjusted for in respect of the
differences between the net book value and tax written values of fixed assets at that date. The closing balance sheet
has been adjusted and resulted in a decrease to the profit and loss reserves of £199,740 compared to those
previously stated.
As a result of the above adjustments, the overall reduction to the profit and loss reserve carried forward at 31
October 2023 is £917,769.
3. Property, plant and equipment
Total
Office
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 November 2023
9,666,663
61,985
4,746,803
2,765,671
2,092,204
2,923,491
950
2,346,267
576,274
-
Additions
-
(1,048,289)
(1,445,210)
(2,092,204)
Disposals
(4,585,703)
At 31 October 2024
1,896,735
6,044,781
62,935
8,004,451
-
Provision for depreciation and impairment
At 01 November 2023
1,983,566
33,920
1,208,748
740,898
-
Charge for year
791,774
5,613
555,641
230,520
-
(568,806)
-
(187,841)
(380,965)
-
On disposal
At 31 October 2024
2,206,534
39,533
1,576,548
590,453
-
At 31 October 2024
Net book value
-
1,306,282
4,468,233
23,402
5,797,917
At 31 October 2023
2,092,204
2,024,773
3,538,055
28,065
7,683,097
4. Inventories
2023
2024
£
£
Stocks
-
19,000
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7
For the year ended 31 October 2024
RJM Commercials Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
1,916,444
1,278,715
Amounts owed by group undertakings and participating interests
2,060,261
-
Other debtors
335,552
33,903
1,312,618
4,312,257
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
71,102
64,237
Trade creditors
806,117
1,803,302
Taxation and social security
683,619
65,526
Other creditors
2,537,896
1,469,859
4,098,734
3,402,924
Other creditors includes balances due on finance leases totalling £1,104,556 (2023 : £1,065,893) which are secured on the company's assets.
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
12,570
83,673
Other creditors
975,357
1,952,484
987,927
2,036,157
Other creditors includes balances due on finance leases totalling £975,357 (2023 : £1,952,484) which are secured on the company's assets.
8. Related party transactions
The company has loans to companies under common control of the directors. The loans were provided interest free
but are repayable on demand. The total balance at the end of the year was £2,060,261 and is included in Other
debtors in note 7 to the accounts.
9. Average number of persons employed
During the year the average number of employees was 35 (2023 : 30)
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