Redmond Roofing Contractors Limited


FINANCIAL STATEMENTS


for the year ended 31st December 2022



Redmond Roofing Contractors Limited

CONTENTS

for the year ended 31st December 2022







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Redmond Roofing Contractors Limited

Company No. 05644553

STATEMENT OF FINANCIAL POSITION

as at 31st December 2022

20222021
Note£££
FIXED ASSETS
Property, plant and equipment49439451984
9439451984
CURRENT ASSETS
Stocks5130200
Debtors627721239
Cash at bank and in hand158888114873
161790116312
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7143846115992
NET CURRENT ASSETS17944320
TOTAL ASSETS LESS CURRENT LIABILITIES11233852304
 
Creditors: amounts falling due
after more than one year84800050000
 
NET ASSETS643382304
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings643362302
SHAREHOLDERS FUNDS643382304

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st December 2022 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 21 September 2023


T M Redmond

Director

Company Number 05644553 (England)

Redmond Roofing Contractors Limited

NOTES TO THE ACCOUNTS

for the year ended 31st December 2022


1   Statutory information

Redmond Roofing Contractors Limited is a private company limited by shares and registered under company number 05644553 in England. Its registered office address is 18 The Grove, Sidcup, Kent, DA14 5NQ.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

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

4   Property, plant and equipment
 
Plant
Motorand
VehiclesMachineryTotal
£££
Cost
At 1st January 2022 27856109867137723
Additions66483148067963
Disposals39106-(39106)
At 31st December 202255233111347166580
 
Depreciation
At 1st January 2022 261145962585739
Charge for year-1256112561
On disposals26114-(26114)
At 31st December 2022-7218672186
 
Net Book Value
At 31st December 2022552333916194394
At 31st December 202117425024251984

5   Stocks20222021
££
 
Raw materials and consumables130200
130200

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20222021
££
 
Trade Debtors27721167
Other debtors-72
27721239

7   Creditors: amounts falling due within one year20222021
££
 
Loans and Overdrafts2000-
Trade Creditors5132416110
Corporation tax44525746
Taxes and social security costs2191414757
Other creditors3371563096
Accruals and deferred income3044116283
143846115992

8   Creditors: amounts falling due after one year20222021
££
 
Loans and Overdrafts4800050000
4800050000

9   Loans20222021
££
Analysis of maturity of debt:
 
Within one year2000-
Between one and five years4800050000
5000050000

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20222021
££
 
T M Redmond5329241
5329241

2022-12-31false2022-01-012022-12-3105644553uk-bus:Director12022-01-012022-12-3105644553uk-gaap:ShareCapital2022-12-3105644553uk-gaap:ShareCapital2021-12-3105644553uk-gaap:RetainedEarningsAccumulatedLosses2022-12-3105644553uk-gaap:RetainedEarningsAccumulatedLosses2021-12-3105644553uk-gaap:VehiclesPlantMachinery2022-01-012022-12-3105644553uk-gaap:MotorVehicles2021-12-3105644553uk-gaap:PlantMachinery2021-12-3105644553uk-gaap:MotorVehicles2022-01-012022-12-3105644553uk-gaap:PlantMachinery2022-01-012022-12-3105644553uk-gaap:MotorVehicles2022-12-3105644553uk-gaap:PlantMachinery2022-12-3105644553uk-gaap:WithinOneYear2022-12-3105644553uk-gaap:WithinOneYear2021-12-3105644553uk-gaap:AfterOneYear2022-12-3105644553uk-gaap:AfterOneYear2021-12-31056445532022-01-012022-12-31056445532021-01-012021-12-31056445532022-12-31056445532021-12-3105644553uk-bus:SmallEntities2022-01-012022-12-3105644553uk-bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3105644553uk-bus:FullAccounts2022-01-012022-12-3105644553uk-bus:PrivateLimitedCompanyLtd2022-01-012022-12-3105644553countries:EnglandWales2022-01-012022-12-3105644553uk-bus:Director112021-12-3105644553uk-bus:Director112022-12-31iso4217:GBPxbrli:purexbrli:shares