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REGISTERED NUMBER: 04382505 (England and Wales)















RLP PAINTING CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2022






RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RLP PAINTING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTOR: A R Parkin





REGISTERED OFFICE: Unit 1
Grange Lane
Balby
Doncaster
South Yorkshire
DN4 9BB





REGISTERED NUMBER: 04382505 (England and Wales)






RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 269,140 265,368
Investment property 5 335,671 335,671
604,811 601,039

CURRENT ASSETS
Debtors 6 247,912 252,341
Cash at bank and in hand 36,134 128,225
284,046 380,566
CREDITORS
Amounts falling due within one year 7 203,702 325,573
NET CURRENT ASSETS 80,344 54,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,155

656,032

CREDITORS
Amounts falling due after more than one
year

8

(170,412

)

(204,486

)

PROVISIONS FOR LIABILITIES (14,656 ) (11,251 )
NET ASSETS 500,087 440,295

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 498,987 439,195
SHAREHOLDERS' FUNDS 500,087 440,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

BALANCE SHEET - continued
30 APRIL 2022


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 director and authorised for issue on 4 August 2022 and were signed by:





A R Parkin - Director


RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022


1. STATUTORY INFORMATION

RLP Painting Contractors Limited 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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

Investment property
Investment property is shown at cost. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

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.

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


2. ACCOUNTING POLICIES - continued

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.

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 24 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2021 190,908 311,710 502,618
Additions - 40,036 40,036
Disposals - (91,486 ) (91,486 )
At 30 April 2022 190,908 260,260 451,168
DEPRECIATION
At 1 May 2021 7,636 229,614 237,250
Charge for year 3,818 23,624 27,442
Eliminated on disposal - (82,664 ) (82,664 )
At 30 April 2022 11,454 170,574 182,028
NET BOOK VALUE
At 30 April 2022 179,454 89,686 269,140
At 30 April 2021 183,272 82,096 265,368

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 May 2021 51,746
Additions 36,229
At 30 April 2022 87,975
DEPRECIATION
At 1 May 2021 20,776
Charge for year 11,516
Transfer to ownership 7,744
At 30 April 2022 40,036
NET BOOK VALUE
At 30 April 2022 47,939
At 30 April 2021 30,970

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 May 2021
and 30 April 2022 335,671
NET BOOK VALUE
At 30 April 2022 335,671
At 30 April 2021 335,671

The Director has taken the view that in his opinion the fair value of the investment property has not changed in the year and should remain in the accounts as previously stated £335,670 (2021 : £335,670).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 181,328 244,344
Other debtors 66,584 7,997
247,912 252,341

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 85,034 142,704
Hire purchase contracts 13,095 10,807
Trade creditors 41,349 80,513
Taxation and social security 51,497 77,635
Other creditors 12,727 13,914
203,702 325,573

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 151,322 202,964
Hire purchase contracts 19,090 1,522
170,412 204,486

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,798 47,990

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 196,724 242,125
Hire purchase contracts 32,185 12,329
228,909 254,454

The bank loan is secured by way of legal mortgage over various company assets.

The HP liability is secured over various motor vehicles.

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2022 and 30 April 2021:

2022 2021
£    £   
A R Parkin
Balance outstanding at start of year (144 ) -
Amounts advanced 157,928 -
Amounts repaid (102,308 ) (144 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,476 (144 )