Company Registration No. 02884441 (England and Wales)
T. J. REFRIGERATION LIMITED
Unaudited accounts
for the year ended 31 May 2025
T. J. REFRIGERATION LIMITED
Unaudited accounts
Contents
T. J. REFRIGERATION LIMITED
Company Information
for the year ended 31 May 2025
Directors
Jaffer Hussein
Shazad Hussein
Tabasam Hussein
Company Number
02884441 (England and Wales)
Registered Office
1-7 RAMSAY STREET
ROCHDALE
LANCASHIRE
OL16 2BX
Accountants
CLEARCUT PARTNERS LTD
Parkway 5 Parkway Business Centre
Manchester,
M14 7HR
T. J. REFRIGERATION LIMITED
Statement of financial position
as at 31 May 2025
Tangible assets
671,481
710,123
Inventories
273,092
233,411
Debtors
3,876,380
3,276,817
Cash at bank and in hand
5,029
605,728
Creditors: amounts falling due within one year
(1,293,458)
(1,296,591)
Net current assets
2,861,043
2,819,365
Total assets less current liabilities
3,532,524
3,529,488
Creditors: amounts falling due after more than one year
(110,936)
(154,796)
Provisions for liabilities
Other provisions
(90,369)
(66,796)
Net assets
3,331,219
3,307,896
Called up share capital
1,000
1,000
Profit and loss account
3,330,219
3,306,896
Shareholders' funds
3,331,219
3,307,896
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by
Shazad Hussein
Director
Company Registration No. 02884441
T. J. REFRIGERATION LIMITED
Notes to the Accounts
for the year ended 31 May 2025
T. J. REFRIGERATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02884441. The registered office is 1-7 RAMSAY STREET, ROCHDALE, LANCASHIRE, OL16 2BX.
2
Compliance with accounting standards
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the
costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leasehold 15% per annum reducing balance basis
Motor vehicles
25% per annum reducing balance basis
Fixtures & fittings
15% per annum reducing balance basis
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
T. J. REFRIGERATION LIMITED
Notes to the Accounts
for the year ended 31 May 2025
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. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
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.
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
T. J. REFRIGERATION LIMITED
Notes to the Accounts
for the year ended 31 May 2025
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.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
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.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
78,451
1,124,475
129,547
1,332,473
Additions
-
65,285
12,145
77,430
At 31 May 2025
78,451
1,189,760
141,692
1,409,903
At 1 June 2024
59,428
501,391
61,531
622,350
Charge for the year
2,853
101,859
11,360
116,072
At 31 May 2025
62,281
603,250
72,891
738,422
At 31 May 2025
16,170
586,510
68,801
671,481
At 31 May 2024
19,023
623,084
68,016
710,123
Work in progress
47,119
139,611
Finished goods
225,973
93,800
T. J. REFRIGERATION LIMITED
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Trade debtors
856,570
1,010,445
Amounts due from group undertakings etc.
2,151,066
2,151,066
Accrued income and prepayments
779,678
58,171
Other debtors
89,066
57,135
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
86,525
49,303
Obligations under finance leases and hire purchase contracts
67,697
57,481
Trade creditors
693,813
913,887
Taxes and social security
263,953
111,643
Other creditors
17,634
13,271
Loans from directors
24,284
5,001
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
110,936
154,796
10
Provisions for liabilities
£
Additional provisions made during the period
23,573
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
12
Operating lease commitments
2025
2024
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
143,993
108,752
T. J. REFRIGERATION LIMITED
Notes to the Accounts
for the year ended 31 May 2025
The parent company is Rayaan Ismail Limited, a company incorporated in England and Wales.
15
Average number of employees
During the year the average number of employees was 58 (2024: 52).