Registered number
10583860
R Lange Construction Limited
Filleted Accounts
31 January 2023
R Lange Construction Limited
Registered number: 10583860
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 21,848 56,387
Current assets
Stocks 80,241 49,015
Debtors 4 24,560 4,584
Cash at bank and in hand 18,150 23,244
122,951 76,843
Creditors: amounts falling due within one year 5 (67,914) (54,914)
Net current assets 55,037 21,929
Total assets less current liabilities 76,885 78,316
Creditors: amounts falling due after more than one year 6 (57,317) (43,333)
Provisions for liabilities (4,151) (4,951)
Net assets 15,417 30,032
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,317 29,932
Shareholders' funds 15,417 30,032
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Lange
Director
Approved by the board on 20 October 2023
R Lange Construction Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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:
Motor vehicles 20% reducing balance
Plant and machinery 20% reducing balance
Office equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 963 16,994 75,477 93,434
Additions - 515 - 515
Disposals - - (36,990) (36,990)
At 31 January 2023 963 17,509 38,487 56,959
Depreciation
At 1 February 2022 648 6,584 29,815 37,047
Charge for the year 63 2,185 3,214 5,462
On disposals - - (7,398) (7,398)
At 31 January 2023 711 8,769 25,631 35,111
Net book value
At 31 January 2023 252 8,740 12,856 21,848
At 31 January 2022 315 10,410 45,662 56,387
4 Debtors 2023 2022
£ £
Trade debtors 3,522 -
Other debtors 21,038 4,584
24,560 4,584
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 23,241 -
Obligations under finance lease and hire purchase contracts 4,030 8,137
Trade creditors 34,050 30,088
Accruals 955 1,250
Taxation and social security costs 4,763 8,164
Other creditors 875 7,275
67,914 54,914
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,333 43,333
Obligations under finance lease and hire purchase contracts 23,984 -
57,317 43,333
7 Events after the reporting date
There have been no known events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
8 Pension commitments
There are no known pension commitments which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
9 Contingent liabilities
There are no known contingent liabilities which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
10 Related party transactions
Total dividends of £13,020 were paid during the year to the shareholders of the company. As at the year end the company owed £8 to Mr R Lange. This is made up of directors current account. The loan is interest free with no fixed date for repayment.
11 Controlling party
The company is under the control of Mr Lange, being director and shareholder of the company.
12 Other information
R Lange Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Dairy Farm
Upper Stowe
Northants
NN7 4SH
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