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REGISTERED NUMBER: 04949925 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 December 2022

for

R & L Engineering Limited

R & L Engineering Limited (Registered number: 04949925)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

R & L Engineering Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M Russell
J Langford





SECRETARY: M Russell





REGISTERED OFFICE: 26 - 28 Enterprise Way
Hardwick Narrows
King's Lynn
Norfolk
PE30 4LJ





REGISTERED NUMBER: 04949925 (England and Wales)





ACCOUNTANTS: G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS

R & L Engineering Limited (Registered number: 04949925)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 337,906 329,618

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 562,046 774,745
Cash at bank and in hand 37,192 11,018
629,238 815,763
CREDITORS
Amounts falling due within one year 6 480,750 813,973
NET CURRENT ASSETS 148,488 1,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,394

331,408

CREDITORS
Amounts falling due after more than one year 7 (244,453 ) (130,396 )

PROVISIONS FOR LIABILITIES 8 (59,913 ) (58,253 )
NET ASSETS 182,028 142,759

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 182,026 142,757
SHAREHOLDERS' FUNDS 182,028 142,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 & L Engineering Limited (Registered number: 04949925)

Balance Sheet - continued
31 December 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 6 October 2023 and were signed on its behalf by:





M Russell - Director


R & L Engineering Limited (Registered number: 04949925)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

R & L Engineering 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.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

R & L Engineering Limited (Registered number: 04949925)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

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 17 (2021 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2022 31,521 518,812 550,333
Additions - 43,238 43,238
At 31 December 2022 31,521 562,050 593,571
DEPRECIATION
At 1 January 2022 - 220,715 220,715
Charge for year - 34,950 34,950
At 31 December 2022 - 255,665 255,665
NET BOOK VALUE
At 31 December 2022 31,521 306,385 337,906
At 31 December 2021 31,521 298,097 329,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 560,375 774,590
Other debtors 1,671 155
562,046 774,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 156,212 161,033
Hire purchase contracts 41,625 123,055
Trade creditors 217,393 453,352
Taxation and social security 64,720 75,733
Other creditors 800 800
480,750 813,973

R & L Engineering Limited (Registered number: 04949925)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 35,658 46,206
Hire purchase contracts 38,156 79,781
Other creditors 170,639 4,409
244,453 130,396

8. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 59,913 58,253

Deferred
tax
£   
Balance at 1 January 2022 58,253
Charge to Income Statement during year 1,660
Accelerated capital allowances
Balance at 31 December 2022 59,913

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the year the directors were jointly owed £180,852 (2021 £4,409) representing dividends not yet drawn and monies introduced to the business.

R & L Engineering Limited

Report of the Accountants to the Directors of
R & L Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2022 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS


6 October 2023