Company registration number 09694860 (England and Wales)
RICHARD JAMES JOINERY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
RICHARD JAMES JOINERY LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
RICHARD JAMES JOINERY LTD
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
72,286
86,169
Current assets
Stocks
32,521
68,142
Debtors
4
13,536
5,075
Cash at bank and in hand
9,577
24,417
55,634
97,634
Creditors: amounts falling due within one year
5
(102,388)
(121,533)
Net current liabilities
(46,754)
(23,899)
Total assets less current liabilities
25,532
62,270
Creditors: amounts falling due after more than one year
6
(3,905)
(15,458)
Provisions for liabilities
(14,083)
(21,542)
Net assets
7,544
25,270
Capital and reserves
Called up share capital
102
101
Profit and loss reserves
7,442
25,169
Total equity
7,544
25,270

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RICHARD JAMES JOINERY LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 23 February 2026
Mr J Hogg
Director
Company Registration No. 09694860
RICHARD JAMES JOINERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Richard James Joinery Ltd is a private company limited by shares incorporated in England and Wales (company number 09694860). The registered office is 6 Burnhaugh Estate, Hexham, Northumberland, NE46 3HS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

RICHARD JAMES JOINERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade creditors and bank loans, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

RICHARD JAMES JOINERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

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 the minimum lease payments. The related liability 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 so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
6
RICHARD JAMES JOINERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
6,709
155,219
161,928
Depreciation and impairment
At 1 August 2024
2,927
72,832
75,759
Depreciation charged in the year
1,344
12,539
13,883
At 31 July 2025
4,271
85,371
89,642
Carrying amount
At 31 July 2025
2,438
69,848
72,286
At 31 July 2024
3,782
82,387
86,169
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,299
3,609
Other debtors
9,237
1,466
13,536
5,075
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9,168
10,000
Trade creditors
47,062
23,827
Corporation tax
3,213
1,944
Other taxation and social security
9,777
14,140
Other creditors
33,168
71,622
102,388
121,533
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
9,168
Other creditors
3,905
6,290
3,905
15,458
RICHARD JAMES JOINERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
7
Directors' transactions

During the period the director operated a loan account with the company, interest was charged on overdrawn balances on this loan at a rate of 2.25%. At the year end the director owed the company £7,752 (20 2 4 - £373 owed to the director by the company). This balance is included in other debtors due within one year (2024 - other creditors due within one year).

2025-07-31 2024-08-01 false false false 23 February 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr J Hogg 09694860 2024-08-01 2025-07-31 09694860 2025-07-31 09694860 2024-07-31 09694860 core:LandBuildings 2025-07-31 09694860 core:OtherPropertyPlantEquipment 2025-07-31 09694860 core:LandBuildings 2024-07-31 09694860 core:OtherPropertyPlantEquipment 2024-07-31 09694860 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 09694860 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09694860 core:Non-currentFinancialInstruments core:AfterOneYear 2025-07-31 09694860 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 09694860 core:CurrentFinancialInstruments core:AfterOneYear 2025-07-31 09694860 core:CurrentFinancialInstruments core:AfterOneYear 2024-07-31 09694860 core:ShareCapital 2025-07-31 09694860 core:ShareCapital 2024-07-31 09694860 core:RetainedEarningsAccumulatedLosses 2025-07-31 09694860 core:RetainedEarningsAccumulatedLosses 2024-07-31 09694860 bus:Director1 2024-08-01 2025-07-31 09694860 core:LeaseholdImprovements 2024-08-01 2025-07-31 09694860 core:PlantMachinery 2024-08-01 2025-07-31 09694860 core:FurnitureFittings 2024-08-01 2025-07-31 09694860 core:MotorVehicles 2024-08-01 2025-07-31 09694860 2023-08-01 2024-07-31 09694860 core:LandBuildings 2024-07-31 09694860 core:OtherPropertyPlantEquipment 2024-07-31 09694860 2024-07-31 09694860 core:LandBuildings 2024-08-01 2025-07-31 09694860 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 09694860 core:CurrentFinancialInstruments 2025-07-31 09694860 core:CurrentFinancialInstruments 2024-07-31 09694860 core:Non-currentFinancialInstruments 2025-07-31 09694860 core:Non-currentFinancialInstruments 2024-07-31 09694860 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 09694860 bus:FRS102 2024-08-01 2025-07-31 09694860 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 09694860 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 09694860 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP