R.J. Farley Limited - Filleted accounts

Registered number

00960795

R.J. Farley Limited

Filleted Accounts

31 December 2024

R.J. Farley Limited
Registered number:		00960795
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		22,515			22,515

Current assets
Stocks		24,500			2,500
Debtors	4	161,789			164,273
Cash at bank and in hand		3,394			11,780
		189,683			178,553

Creditors: amounts falling due within one year	5	(710,621)			(676,429)

Net current liabilities			(520,938)			(497,876)

Net liabilities			(498,423)			(475,361)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(498,425)			(475,363)

Shareholders' funds			(498,423)			(475,361)

The director is 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 director acknowledges his 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.



…………………………………….
D Mody
Director
Approved by the board on 30 September 2025

R.J. Farley Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


3	Intangible fixed assets			£
	Goodwill:

	Cost
	At 1 January 2024			22,515
	At 31 December 2024			22,515

	Amortisation
	At 31 December 2024			-

	Net book value
	At 31 December 2024			22,515
	At 31 December 2023			22,515

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Debtors	2024		2023
£			£

	Trade debtors	153,226		159,986
	VAT	7,594		3,318
	Other debtors	969		969
		161,789		164,273


5	Creditors: amounts falling due within one year	2024		2023
£			£

	Bank loans and overdrafts	592,494		592,494
	Trade creditors	43,190		43,190
	Taxation and social security costs	-		501
	Other creditors	74,937		40,244
		710,621		676,429


6	Other information

	R.J. Farley Limited is a private company limited by shares and incorporated in England. Its registered office is:
	67 Mill Lane
	London
	NW6 1NB