RGR Memorials Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04178648

RGR MEMORIALS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

RGR MEMORIALS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		10,704		12,552

CURRENT ASSETS

Stocks		236,881	203,168
Debtors	6	134,825	221,712
Cash at bank and in hand		42,949	18,215
		---------	---------
		414,655	443,095

CREDITORS: amounts falling due within one year	8	622,129		604,195
		---------		---------
NET CURRENT LIABILITIES			207,474		161,100
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 196,770)		( 148,548)

CREDITORS: amounts falling due after more than one year	10	25,708	257
		---------	---------
NET LIABILITIES		( 222,478)	( 148,805)
		---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	52,000	52,000
Profit and loss account	( 274,478)	( 200,805)
	---------	---------
SHAREHOLDERS DEFICIT	( 222,478)	( 148,805)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RGR MEMORIALS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

Mr J P A Roche

Director

Company registration number: 04178648

RGR MEMORIALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Wold Farm Park, Broughton Road, Old, Northamptonshire, NN6 9RH.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors and creditors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Leasehold improvements	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	15% reducing balance and 33 1/3% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 16 (2024: 15 ).

5. TANGIBLE ASSETS

	Plant and machinery	Leasehold improvements	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	46,219	1,638	31,885	23,924	103,666
Additions	–	–	–	1,400	1,400
	--------	-------	--------	--------	---------
At 31 March 2025	46,219	1,638	31,885	25,324	105,066
	--------	-------	--------	--------	---------
Depreciation
At 1 April 2024	39,603	1,377	26,210	23,924	91,114
Charge for the year	1,324	39	1,419	466	3,248
	--------	-------	--------	--------	---------
At 31 March 2025	40,927	1,416	27,629	24,390	94,362
	--------	-------	--------	--------	---------
Carrying amount
At 31 March 2025	5,292	222	4,256	934	10,704
	--------	-------	--------	--------	---------
At 31 March 2024	6,616	261	5,675	–	12,552
	--------	-------	--------	--------	---------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	131,145	208,863
Other debtors	3,680	12,849
	---------	---------
	134,825	221,712
	---------	---------

7. FACTORING

The company has an on-going financing arrangement whereby it receives a proportion of the value of sales invoices in advance. Advances are disclosed in the balance sheet as current liabilities and the gross amount of the financial debtors is included in trade debtors

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	151,305	94,465
Trade creditors	167,394	190,452
Social security and other taxes	92,435	79,691
Other creditors	210,995	239,587
	---------	---------
	622,129	604,195
	---------	---------

The amounts shown in bank loans and overdrafts are secured by the company.

9. FACTORING

Included in creditors are advances in respect of financial debtors of £43,879 (2024 - £64,171) which are secured against the assets of the company.

10. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	25,389	–
Other creditors	319	257
	--------	----
	25,708	257
	--------	----

The amounts shown in bank loans and overdrafts are secured by the company.

11. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	184,019	1,125
	---------	-------

12. RELATED PARTY TRANSACTIONS

The directors have advanced monies to the company. At 31 March 2025 the amount due from the company was £11,528 (2024 - £19,012).

13. GOING CONCERN

The directors have considered the period to 31 May 2027 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.