R.J.A. Electrical Ltd. - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04431208 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

R.J.A. ELECTRICAL LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Adams

Ms K L Jones

SECRETARY:

Ms K L Jones

REGISTERED OFFICE:

8 Twisleton Court

Priory Hill

Dartford

Kent

DA1 2EN

REGISTERED NUMBER:

04431208 (England and Wales)

ACCOUNTANTS:

Blue Rocket Accounting

Accountants and Tax Advisers

8 Twisleton Court

Priory Hill

Dartford

Kent

DA1 2EN

FIXED ASSETS

Tangible assets

4

16,025

21,022

CURRENT ASSETS

Stocks

8,000

2,750

Debtors

5

15,262

8,910

Cash at bank

61,745

44,072

85,007

55,732

CREDITORS

Amounts falling due within one year

6

56,177

63,243

NET CURRENT ASSETS/(LIABILITIES)

28,830

(7,511

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,855

13,511

CREDITORS

Amounts falling due after more than one year

7

2,313

5,782

NET ASSETS

42,542

7,729

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

42,540

7,727

42,542

7,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 14 July 2023 and were signed on its behalf by:

R J Adams - Director

1.	STATUTORY INFORMATION

R.J.A. Electrical 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.

Storage shed

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Storage

and

Motor

Computer

shed

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

1,981

3,186

45,131

5,074

55,372

Additions

-

-

-

282

282

At 31 March 2023

1,981

3,186

45,131

5,356

55,654

DEPRECIATION

At 1 April 2022

1,981

3,081

24,794

4,494

34,350

Charge for year

-

27

5,084

168

5,279

At 31 March 2023

1,981

3,108

29,878

4,662

39,629

NET BOOK VALUE

At 31 March 2023

-

78

15,253

694

16,025

At 31 March 2022

-

105

20,337

580

21,022

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

Motor

vehicles

£

COST

At 1 April 2022

and 31 March 2023

28,020

DEPRECIATION

At 1 April 2022

and 31 March 2023

7,005

NET BOOK VALUE

At 31 March 2023

21,015

At 31 March 2022

21,015

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Trade debtors

15,072

8,743

Other debtors

190

167

15,262

8,910

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Hire purchase contracts

3,469

3,469

Trade creditors

2,629

1,920

Taxation and social security

38,031

35,063

Other creditors

12,048

22,791

56,177

63,243

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/23

31/3/22

£

£

Hire purchase contracts

2,313

5,782