REGISTERED NUMBER: 04347535 (England and Wales)

RON JOYCE LIMITED

Unaudited Financial Statements For The Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Joyce FCCA

SECRETARY:

Ms H E Sadler

REGISTERED OFFICE:

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

REGISTERED NUMBER:

04347535 (England and Wales)

ACCOUNTANTS:

Ron Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

FIXED ASSETS

Intangible assets

4

19,818

19,818

Tangible assets

5

2,493

2,304

22,311

22,122

CURRENT ASSETS

Stocks

4,437

8,110

Debtors

6

7,449

7,825

Cash at bank

1,523

1,708

13,409

17,643

CREDITORS

Amounts falling due within one year

7

7,020

5,781

NET CURRENT ASSETS

6,389

11,862

TOTAL ASSETS LESS CURRENT LIABILITIES

28,700

33,984

CREDITORS

Amounts falling due after more than one year

8

(28,219

)

(33,376

)

PROVISIONS FOR LIABILITIES

10

(295

)

(437

)

NET ASSETS

186

171

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

84

69

SHAREHOLDERS' FUNDS

186

171

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 September 2025 and were signed by:

R Joyce FCCA - Director

1.	STATUTORY INFORMATION

Ron Joyce 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.

Significant judgements

There were no judgements made that were significant enough to warrant disclosure.

Turnover

Turnover is stated excluding value added tax since the company is not registered and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work or on expected selling price over work part completed at the balance sheet date.

Goodwill

The goodwill of the company is being maintained and accordingly no amount has been written off.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

Stocks

Stock consists wholly of work in progress. This is valued expected selling price and is in accordance with Section 23 of FRS 102.

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.

Significant estimates

There were no estimates made that were significant enough to warrant disclosure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

19,818

NET BOOK VALUE

At 31 December 2024

19,818

At 31 December 2023

19,818

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

125

4,075

4,200

Additions

-

600

600

Disposals

-

(395

)

(395

)

At 31 December 2024

125

4,280

4,405

DEPRECIATION

At 1 January 2024

88

1,808

1,896

Charge for year

12

399

411

Eliminated on disposal

-

(395

)

(395

)

At 31 December 2024

100

1,812

1,912

NET BOOK VALUE

At 31 December 2024

25

2,468

2,493

At 31 December 2023

37

2,267

2,304

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,449

7,825

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,923

1,718

Taxation and social security

4,915

3,833

Other creditors

182

230

7,020

5,781

Included in other creditors for amounts owed to the Director, this year he was owed £142 (£230 - 2023).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

28,219

33,110

Other creditors

-

266

28,219

33,376

9.	FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

295

437

Deferred

tax

£

Balance at 1 January 2024

437

Provided during year

(142

)

Balance at 31 December 2024

295

11.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.