Company Registration No. 12085122 (England and Wales)
R & M Roofing Ltd
Unaudited accounts
for the year ended 31 July 2022
R & M Roofing Ltd
Unaudited accounts
Contents
R & M Roofing Ltd
Company Information
for the year ended 31 July 2022
Directors
Mark Theobald
Richard Ellis
Company Number
12085122 (England and Wales)
Registered Office
112-113 High Street
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Alchemy AAA Certified Public Accountants
Big Barn, East Farm, Atterby,
Market Rasen
Lincolnshire
LN8 2BJ
R & M Roofing Ltd
Statement of financial position
as at 31 July 2022
Tangible assets
1,536
1,920
Cash at bank and in hand
4,033
4,075
Creditors: amounts falling due within one year
(7,115)
(8,488)
Net current (liabilities)/assets
(416)
527
Total assets less current liabilities
1,120
2,447
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
566
1,893
Shareholders' funds
666
1,993
For the year ending 31 July 2022 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 25 August 2022 and were signed on its behalf by
Mark Theobald
Director
Company Registration No. 12085122
R & M Roofing Ltd
Notes to the Accounts
for the year ended 31 July 2022
R & M Roofing Ltd is a private company, limited by shares, registered in England and Wales, registration number 12085122. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing balance
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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.
R & M Roofing Ltd
Notes to the Accounts
for the year ended 31 July 2022
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
5,860
2,331
Loans from directors
(3,398)
138
Deferred income
2,666
4,940
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Operating lease commitments
2022
2021
At 31 July 2022 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
-
3,600
R & M Roofing Ltd
Notes to the Accounts
for the year ended 31 July 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured Loan to the Company
69
(2,672)
-
(2,603)
Unsecured Loan to the Company
69
(864)
-
(795)
The directors are prepared to support the company until positive cash flow is achieved.
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).