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Company No: 14994922 (England and Wales)

# R J COMMERCIALS (CORNWALL) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

R J COMMERCIALS (CORNWALL) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

R J COMMERCIALS (CORNWALL) LIMITED

## BALANCE SHEET

As at 31 July 2025
R J COMMERCIALS (CORNWALL) LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 31.07.2025 |  | 31.07.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 19,059 |  | 15,388
|  | 19,059 |  | 15,388
Current assets |  |  |  |
Stocks | 4 | 750 |  | 750
Debtors | 5 | 13,745 |  | 2,823
Cash at bank and in hand | 6 | 14,306 |  | 25,463
|  | 28,801 |  | 29,036
Creditors: amounts falling due within one year | 7 | ( 16,007) |  | ( 18,818)
Net current assets |  | 12,794 |  | 10,218
Total assets less current liabilities |  | 31,853 |  | 25,606
Provision for liabilities |  | ( 4,765) |  | ( 2,924)
Net assets |  | 27,088 |  | 22,682
Capital and reserves |  |  |  |
Called-up share capital | 8 | 121 |  | 121
Profit and loss account |  | 26,967 |  | 22,561
Total shareholders' funds |  | 27,088 |  | 22,682

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of R J Commercials (Cornwall) Limited (registered number: 14994922) were approved and authorised for issue by the Board of Directors on 09 September 2025. They were signed on its behalf by:

Mr R Williams Director |

R J COMMERCIALS (CORNWALL) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
R J COMMERCIALS (CORNWALL) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

R J Commercials (Cornwall) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery | 20 - 25 % reducing balance
Vehicles | 20 % reducing balance
Tools and equipment | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| Year ended 31.07.2025 |  | Period from 11.07.2023 to 31.07.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Tools and equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 August 2024 | 8,794 |  | 4,769 |  | 4,611 |  | 18,174
Additions | 2,100 |  | 2,500 |  | 3,003 |  | 7,603
At 31 July 2025 | 10,894 |  | 7,269 |  | 7,614 |  | 25,777
Accumulated depreciation |  |  |  |  |  |  |
At 01 August 2024 | 2,033 |  | 565 |  | 188 |  | 2,786
Charge for the financial year | 2,018 |  | 1,216 |  | 698 |  | 3,932
At 31 July 2025 | 4,051 |  | 1,781 |  | 886 |  | 6,718
Net book value |  |  |  |  |  |  |
At 31 July 2025 | 6,843 |  | 5,488 |  | 6,728 |  | 19,059
At 31 July 2024 | 6,761 |  | 4,204 |  | 4,423 |  | 15,388

#### 4. Stocks

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Stocks | 750 |  | 750

#### 5. Debtors

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Trade debtors | 10,172 |  | 2,436
Other debtors | 3,573 |  | 387
| 13,745 |  | 2,823

#### 6. Cash and cash equivalents

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Cash at bank and in hand | 14,306 |  | 25,463

#### 7. Creditors: amounts falling due within one year

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Taxation and social security | 13,693 |  | 2,974
Other creditors | 2,314 |  | 15,844
| 16,007 |  | 18,818

#### 8. Called-up share capital

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
120 Ordinary A shares of £ 1.00 each | 120 |  | 120
1 Ordinary B share of £ 1.00 | 1 |  | 1
| 121 |  | 121

#### 9. Related party transactions

Transactions with the entity's directors

| 31.07.2025 |  | 31.07.2024
| £ |  | £
Director Loan Account | 2,962 |  | (12,683)

During the year advances were made to the director of £54,666 and the director repaid £39,021. Interest was charged at 2.25% on the loan.