Company registration number 04884604 (England and Wales)
R D & M GREGG LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
R D & M GREGG LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
R D & M GREGG LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
587
2,375
Tangible assets
4
654,386
668,600
654,973
670,975
Current assets
Stocks
79,852
78,998
Debtors
5
156,482
119,113
Cash at bank and in hand
28,708
46,639
265,042
244,750
Creditors: amounts falling due within one year
6
(204,868)
(170,968)
Net current assets
60,174
73,782
Total assets less current liabilities
715,147
744,757
Creditors: amounts falling due after more than one year
7
(178,876)
(206,440)
Provisions for liabilities
(45,378)
(48,004)
Net assets
490,893
490,313
Capital and reserves
Called up share capital
105
105
Profit and loss reserves
490,788
490,208
Total equity
490,893
490,313

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

R D & M GREGG LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2023
31 January 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 October 2023 and are signed on its behalf by:
Mr MR Gregg
Director
Company Registration No. 04884604
R D & M GREGG LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

R D & M Gregg Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit C6, Sapphire Way, Rhombus Business Park, Norwich, Norfolk, England, NR6 6NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
- 5% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short leasehold
- 10% reducing balance
Plant and equipment
- 20% reducing balance
Fixtures and fittings
- 15% reducing balance
Computers
- 15% reducing balance
Motor vehicles
- 25% reducing balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

R D & M GREGG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
26
29
R D & M GREGG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 February 2022
2,500
Disposals
(1,750)
At 31 January 2023
750
Amortisation and impairment
At 1 February 2022
125
Amortisation charged for the year
38
At 31 January 2023
163
Carrying amount
At 31 January 2023
587
At 31 January 2022
2,375
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2022
438,599
703,758
1,142,357
Additions
-
0
26,999
26,999
At 31 January 2023
438,599
730,757
1,169,356
Depreciation and impairment
At 1 February 2022
22,651
451,107
473,758
Depreciation charged in the year
395
40,817
41,212
At 31 January 2023
23,046
491,924
514,970
Carrying amount
At 31 January 2023
415,553
238,833
654,386
At 31 January 2022
415,947
252,653
668,600
R D & M GREGG LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
153,646
116,250
Other debtors
2,836
2,863
156,482
119,113
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
28,534
30,223
Trade creditors
66,398
21,671
Corporation tax
43,168
52,377
Other taxation and social security
30,372
19,608
Other creditors
36,396
47,089
204,868
170,968
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
178,876
206,440
2023-01-312022-02-01false03 October 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr M R GreggMr D BrignalMrs T A BrignalMrs J Gregg048846042022-02-012023-01-31048846042023-01-31048846042022-01-3104884604core:IntangibleAssetsOtherThanGoodwill2023-01-3104884604core:IntangibleAssetsOtherThanGoodwill2022-01-3104884604core:LandBuildings2023-01-3104884604core:OtherPropertyPlantEquipment2023-01-3104884604core:LandBuildings2022-01-3104884604core:OtherPropertyPlantEquipment2022-01-3104884604core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3104884604core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3104884604core:Non-currentFinancialInstrumentscore:AfterOneYear2023-01-3104884604core:Non-currentFinancialInstrumentscore:AfterOneYear2022-01-3104884604core:CurrentFinancialInstruments2023-01-3104884604core:CurrentFinancialInstruments2022-01-3104884604core:ShareCapital2023-01-3104884604core:ShareCapital2022-01-3104884604core:RetainedEarningsAccumulatedLosses2023-01-3104884604core:RetainedEarningsAccumulatedLosses2022-01-3104884604bus:Director12022-02-012023-01-3104884604core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3104884604core:ComputerSoftware2022-02-012023-01-3104884604core:LandBuildingscore:LongLeaseholdAssets2022-02-012023-01-3104884604core:PlantMachinery2022-02-012023-01-3104884604core:FurnitureFittings2022-02-012023-01-3104884604core:ComputerEquipment2022-02-012023-01-3104884604core:MotorVehicles2022-02-012023-01-31048846042021-02-012022-01-3104884604core:IntangibleAssetsOtherThanGoodwill2022-01-3104884604core:LandBuildings2022-01-3104884604core:OtherPropertyPlantEquipment2022-01-31048846042022-01-3104884604core:LandBuildings2022-02-012023-01-3104884604core:OtherPropertyPlantEquipment2022-02-012023-01-3104884604core:WithinOneYear2023-01-3104884604core:WithinOneYear2022-01-3104884604core:Non-currentFinancialInstruments2023-01-3104884604core:Non-currentFinancialInstruments2022-01-3104884604bus:PrivateLimitedCompanyLtd2022-02-012023-01-3104884604bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-3104884604bus:FRS1022022-02-012023-01-3104884604bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3104884604bus:Director22022-02-012023-01-3104884604bus:Director32022-02-012023-01-3104884604bus:Director42022-02-012023-01-3104884604bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP