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REGISTERED NUMBER: 01311944 (England and Wales)















Financial Statements for the Year Ended 30 April 2022

for

R. and D. Schofield Limited

R. and D. Schofield Limited (Registered number: 01311944)






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


R. and D. Schofield Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: R J Schofield
Mrs E A Schofield
R M Schofield
G D Harden





REGISTERED OFFICE: Foxash Estate
Harwich Road
Lawford
Manningtree
Essex
CO11 2LR





REGISTERED NUMBER: 01311944 (England and Wales)





ACCOUNTANTS: Passmore Weeks and Richardson
2 Beacon End Courtyard
London Road
Stanway
Colchester
Essex
CO3 0NU

R. and D. Schofield Limited (Registered number: 01311944)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 906,911 931,506

CURRENT ASSETS
Debtors 5 332,917 321,551
Cash at bank and in hand 652,816 481,898
985,733 803,449
CREDITORS
Amounts falling due within one year 6 580,597 672,807
NET CURRENT ASSETS 405,136 130,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,312,047

1,062,148

PROVISIONS FOR LIABILITIES 38,118 37,015
NET ASSETS 1,273,929 1,025,133

CAPITAL AND RESERVES
Called up share capital 10,500 10,500
Capital redemption reserve 9,000 9,000
Retained earnings 1,254,429 1,005,633
SHAREHOLDERS' FUNDS 1,273,929 1,025,133

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 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.

R. and D. Schofield Limited (Registered number: 01311944)

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 Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





R M Schofield - Director


R. and D. Schofield Limited (Registered number: 01311944)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

R. and D. Schofield 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.

Revenue received from the rental of storage space is recognised over the period of the rental.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on cost and 10% on cost

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
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 20 (2021 - 19 ) .

R. and D. Schofield Limited (Registered number: 01311944)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2021 834,608 837,539 1,672,147
Additions - 62,198 62,198
At 30 April 2022 834,608 899,737 1,734,345
DEPRECIATION
At 1 May 2021 139,477 601,164 740,641
Charge for year 16,692 70,101 86,793
At 30 April 2022 156,169 671,265 827,434
NET BOOK VALUE
At 30 April 2022 678,439 228,472 906,911
At 30 April 2021 695,131 236,375 931,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 304,939 293,008
Other debtors 27,978 28,543
332,917 321,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Bank loans and overdrafts - 50,000
Hire purchase contracts - 17,564
Trade creditors 41,446 35,111
Taxation and social security 148,835 170,885
Other creditors 390,316 399,247
580,597 672,807