RJ Fabrication & Design Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11974868 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2021 to 31 December 2021

for

RJ Fabrication & Design Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P D Tocco

Mrs D V Tocco

REGISTERED OFFICE:

1 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

REGISTERED NUMBER:

11974868 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Limited

69 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

4

20,014

15,947

CURRENT ASSETS

Debtors

5

6,248

16,918

Cash at bank

197

626

6,445

17,544

CREDITORS

Amounts falling due within one year

6

32,127

13,285

NET CURRENT (LIABILITIES)/ASSETS

(25,682

)

4,259

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,668

)

20,206

CREDITORS

Amounts falling due after more than one year

7

(15,089

)

(14,644

)

PROVISIONS FOR LIABILITIES

(3,803

)

(3,030

)

NET (LIABILITIES)/ASSETS

(24,560

)

2,532

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(24,660

)

2,432

(24,560

)

2,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 May 2022 and were signed on its behalf by:

Mr P D Tocco - Director

1.	STATUTORY INFORMATION

RJ Fabrication & Design Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2021

13,850

5,490

19,340

Additions

2,215

8,995

11,210

Disposals

-

(5,490

)

(5,490

)

At 31 December 2021

16,065

8,995

25,060

DEPRECIATION

At 1 June 2021

2,020

1,373

3,393

Charge for period

2,089

937

3,026

Eliminated on disposal

-

(1,373

)

(1,373

)

At 31 December 2021

4,109

937

5,046

NET BOOK VALUE

At 31 December 2021

11,956

8,058

20,014

At 31 May 2021

11,830

4,117

15,947

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2021

6,995

-

6,995

Additions

-

8,995

8,995

At 31 December 2021

6,995

8,995

15,990

DEPRECIATION

At 1 June 2021

583

-

583

Charge for period

1,020

937

1,957

At 31 December 2021

1,603

937

2,540

NET BOOK VALUE

At 31 December 2021

5,392

8,058

13,450

At 31 May 2021

6,412

-

6,412

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.5.21

£

£

Trade debtors

600

10,356

Directors' current accounts

1,742

2,783

VAT

-

111

Prepayments

3,906

3,668

6,248

16,918

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.5.21

£

£

Other loans

920

2,767

Hire purchase contracts

5,591

3,319

VAT

1,045

-

Other creditors

23,072

5,700

Accrued expenses

1,499

1,499

32,127

13,285

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.5.21

£

£

Other loans - 1-5 years

3,373

3,833

Hire purchase contracts

11,716

10,811

15,089

14,644

8.	RELATED PARTY DISCLOSURES

At the yearend, the company owed £23,072 ( 2020 : £5,700 ) to Diane Butterworth Ltd. Diane Butterworth Ltd is also controlled by the directors of RJ Fabrication & Design Limited by virtue of their shareholdings.

9.	ULTIMATE CONTROLLING PARTY

Mr P D Tocco and Mrs D V Tocco jointly share control by virtue of their equal shareholding.