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REGISTERED NUMBER: 12381261 (England and Wales)









Unaudited Financial Statements

for the Period 1 January 2021 to 30 June 2022

for

RC FIBRE LTD

RC FIBRE LTD (REGISTERED NUMBER: 12381261)

Contents of the Financial Statements
FOR THE PERIOD 1 JANUARY 2021 TO 30 JUNE 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RC FIBRE LTD

Company Information
FOR THE PERIOD 1 JANUARY 2021 TO 30 JUNE 2022







DIRECTORS: P Pelekh
V Pelekh
T A Mosedale





REGISTERED OFFICE: Hen Beudy Dyffryn Crawnon
Llangnidr
Crickhowell
NP8 1NU





REGISTERED NUMBER: 12381261 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

RC FIBRE LTD (REGISTERED NUMBER: 12381261)

Balance Sheet
30 JUNE 2022

2022 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,989 41,271

CURRENT ASSETS
Debtors 5 24,378 6,392
Cash at bank 988 8,045
25,366 14,437
CREDITORS
Amounts falling due within one year 6 (392,545 ) (298,816 )
NET CURRENT LIABILITIES (367,179 ) (284,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(355,190

)

(243,108

)

CREDITORS
Amounts falling due after more than one
year

7

-

(43,333

)
NET LIABILITIES (355,190 ) (286,441 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (355,290 ) (286,541 )
SHAREHOLDERS' FUNDS (355,190 ) (286,441 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

RC FIBRE LTD (REGISTERED NUMBER: 12381261)

Balance Sheet - continued
30 JUNE 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





T A Mosedale - Director


RC FIBRE LTD (REGISTERED NUMBER: 12381261)

Notes to the Financial Statements
FOR THE PERIOD 1 JANUARY 2021 TO 30 JUNE 2022


1. COMPANY INFORMATION

RC Fibre Ltd 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.

The company's principal activities and nature of its operations are that of construction of utility projects.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

RC FIBRE LTD (REGISTERED NUMBER: 12381261)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2021 TO 30 JUNE 2022


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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.

RC FIBRE LTD (REGISTERED NUMBER: 12381261)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2021 TO 30 JUNE 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 period was 13 (2020 - 10 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 53,927 - 53,927
Additions 165 1,898 2,063
Disposals (31,549 ) (874 ) (32,423 )
At 30 June 2022 22,543 1,024 23,567
DEPRECIATION
At 1 January 2021 12,656 - 12,656
Charge for period 15,507 175 15,682
Eliminated on disposal (16,760 ) - (16,760 )
At 30 June 2022 11,403 175 11,578
NET BOOK VALUE
At 30 June 2022 11,140 849 11,989
At 31 December 2020 41,271 - 41,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2020
£    £   
Trade debtors 24,378 -
VAT - 3,068
Prepayments - 3,324
24,378 6,392

RC FIBRE LTD (REGISTERED NUMBER: 12381261)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2021 TO 30 JUNE 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2020
£    £   
Bank loans and overdrafts 42,833 6,667
Other loans 152,059 127,106
Trade creditors 50,868 72,636
Social security and other taxes 26,952 25,561
VAT 58,783 -
Other creditors 4,750 2,091
Directors' current accounts 53,800 53,800
Accruals and deferred income 2,500 10,955
392,545 298,816

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2020
£    £   
Bank loans - 1-2 years - 43,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2020
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

T A Mosedale is also a director of Hen Beudy Services Limited and Beacons Telecom Ltd.

During the period Beacons Telecom Ltd advanced a loan of £152,059 (2020: £127,106) to the company. The loan is unsecured and is repayable on demand.

At the year end the company owed £2,800 (2021: £2,800) to Hen Beudy Services Limited. The loan is unsecured, interest free and is repayable on demand