R S Concrete Pumping Ltd 09882391 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is is the hiring out of plant & concrete pumps Digita Accounts Production Advanced 6.30.9574.0 true 09882391 2022-04-01 2023-03-31 09882391 2023-03-31 09882391 core:CurrentFinancialInstruments 2023-03-31 09882391 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09882391 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09882391 core:FurnitureFittingsToolsEquipment 2023-03-31 09882391 core:LandBuildings 2023-03-31 09882391 core:MotorVehicles 2023-03-31 09882391 core:OtherPropertyPlantEquipment 2023-03-31 09882391 bus:SmallEntities 2022-04-01 2023-03-31 09882391 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09882391 bus:FullAccounts 2022-04-01 2023-03-31 09882391 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09882391 bus:RegisteredOffice 2022-04-01 2023-03-31 09882391 bus:Director1 2022-04-01 2023-03-31 09882391 bus:Director2 2022-04-01 2023-03-31 09882391 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09882391 bus:Agent1 2022-04-01 2023-03-31 09882391 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 09882391 core:LandBuildings 2022-04-01 2023-03-31 09882391 core:MotorVehicles 2022-04-01 2023-03-31 09882391 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 09882391 core:PlantMachinery 2022-04-01 2023-03-31 09882391 countries:EnglandWales 2022-04-01 2023-03-31 09882391 2022-03-31 09882391 core:FurnitureFittingsToolsEquipment 2022-03-31 09882391 core:LandBuildings 2022-03-31 09882391 core:MotorVehicles 2022-03-31 09882391 core:OtherPropertyPlantEquipment 2022-03-31 09882391 2021-04-01 2022-03-31 09882391 2022-03-31 09882391 core:CurrentFinancialInstruments 2022-03-31 09882391 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 09882391 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 09882391 core:FurnitureFittingsToolsEquipment 2022-03-31 09882391 core:LandBuildings 2022-03-31 09882391 core:MotorVehicles 2022-03-31 09882391 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 09882391

R S Concrete Pumping Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

R S Concrete Pumping Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

R S Concrete Pumping Ltd

Company Information

Directors

Mr Richard Synge

Mrs Eleanor Synge

Registered office

The Granary
Lower St Dennis Farm
Shipston-on-Stour
Warwickshire
CV36 5BQ

Accountants

Henson ReesRussell
 
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
R S Concrete Pumping Ltd
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R S Concrete Pumping Ltd for the year ended 31 March 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of R S Concrete Pumping Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of R S Concrete Pumping Ltd and state those matters that we have agreed to state to the Board of Directors of R S Concrete Pumping Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R S Concrete Pumping Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R S Concrete Pumping Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R S Concrete Pumping Ltd. You consider that R S Concrete Pumping Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R S Concrete Pumping Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Henson ReesRussell
 
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

11 October 2023

 

R S Concrete Pumping Ltd

(Registration number: 09882391)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,326,562

1,810,317

Current assets

 

Debtors

5

655,991

362,922

Cash at bank and in hand

 

121,881

112,193

 

777,872

475,115

Creditors: Amounts falling due within one year

6

(899,899)

(392,252)

Net current (liabilities)/assets

 

(122,027)

82,863

Total assets less current liabilities

 

2,204,535

1,893,180

Creditors: Amounts falling due after more than one year

6

(706,826)

(835,143)

Provisions for liabilities

(357,550)

(283,805)

Net assets

 

1,140,159

774,232

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,140,059

774,132

Shareholders' funds

 

1,140,159

774,232

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 

.........................................
Mr Richard Synge
Director

 

R S Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Granary
Lower St Dennis Farm
Shipston-on-Stour
Warwickshire
CV36 5BQ

These financial statements were authorised for issue by the Board on 10 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

R S Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

R S Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2022 - 12).

 

R S Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Land and buildings
£

Office equipment
 £

Motor vehicles
 £

Plant & Machinery
£

Total
£

Cost or valuation

At 1 April 2022

9,239

5,237

182,904

2,177,648

2,375,028

Additions

22,680

6,392

-

972,441

1,001,513

Disposals

-

-

(38,500)

(317,001)

(355,501)

At 31 March 2023

31,919

11,629

144,404

2,833,088

3,021,040

Depreciation

At 1 April 2022

-

830

15,796

548,085

564,711

Charge for the year

556

2,350

25,565

280,905

309,376

Eliminated on disposal

-

-

(7,059)

(172,550)

(179,609)

At 31 March 2023

556

3,180

34,302

656,440

694,478

Carrying amount

At 31 March 2023

31,363

8,449

110,102

2,176,648

2,326,562

At 31 March 2022

9,239

4,407

167,108

1,629,563

1,810,317

Included within the net book value of land and buildings above is £31,362 (2022 - £9,239) in respect of freehold land and buildings.
 

 

R S Concrete Pumping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

221,616

286,891

Other debtors

434,375

76,031

 

655,991

362,922

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Hire purchase liabilities

319,262

175,304

Trade creditors

 

506,316

159,827

Taxation and social security

 

69,138

823

Accruals and deferred income

 

2,650

2,500

Other creditors

 

2,533

53,798

 

899,899

392,252

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Hire purchase liabilities

706,826

835,143