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REGISTERED NUMBER: 04382505 (England and Wales)















RLP PAINTING CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2023






RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RLP PAINTING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: A R Parkin





REGISTERED OFFICE: Unit 1
Grange Lane
Balby
Doncaster
South Yorkshire
DN4 9BB





REGISTERED NUMBER: 04382505 (England and Wales)






RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242,296 269,140
Investment property 5 335,671 335,671
577,967 604,811

CURRENT ASSETS
Debtors 6 285,521 247,912
Cash at bank 1,839 36,134
287,360 284,046
CREDITORS
Amounts falling due within one year 7 294,831 203,702
NET CURRENT (LIABILITIES)/ASSETS (7,471 ) 80,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,496

685,155

CREDITORS
Amounts falling due after more than one
year

8

(125,074

)

(170,412

)

PROVISIONS FOR LIABILITIES (12,268 ) (14,656 )
NET ASSETS 433,154 500,087

CAPITAL AND RESERVES
Called up share capital 1,000 1,100
Retained earnings 432,154 498,987
SHAREHOLDERS' FUNDS 433,154 500,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

BALANCE SHEET - continued
30 APRIL 2023


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 director and authorised for issue on 24 October 2023 and were signed by:





A R Parkin - Director


RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

RLP Painting Contractors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at cost. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

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.

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 190,908 260,260 451,168
Additions - 6,480 6,480
Disposals - (28,050 ) (28,050 )
At 30 April 2023 190,908 238,690 429,598
DEPRECIATION
At 1 May 2022 11,454 170,574 182,028
Charge for year 3,819 21,858 25,677
Eliminated on disposal - (20,403 ) (20,403 )
At 30 April 2023 15,273 172,029 187,302
NET BOOK VALUE
At 30 April 2023 175,635 66,661 242,296
At 30 April 2022 179,454 89,686 269,140

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 87,975
DEPRECIATION
At 1 May 2022 40,036
Charge for year 11,985
At 30 April 2023 52,021
NET BOOK VALUE
At 30 April 2023 35,954
At 30 April 2022 47,939

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 May 2022
and 30 April 2023 335,671
NET BOOK VALUE
At 30 April 2023 335,671
At 30 April 2022 335,671

The Director has taken the view that in his opinion the fair value of the investment property has not changed in the year and should remain in the accounts as previously stated £335,671 (2022 - £335,671).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 276,459 181,328
Other debtors 9,062 66,584
285,521 247,912

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 178,750 85,034
Hire purchase contracts 12,000 13,095
Trade creditors 30,786 41,349
Taxation and social security 32,358 51,497
Other creditors 40,937 12,727
294,831 203,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 117,984 151,322
Hire purchase contracts 7,090 19,090
125,074 170,412

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,629 16,798

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 157,354 196,724
Hire purchase contracts 19,090 32,185
176,444 228,909

The bank loan is secured by way of legal mortgage over various company assets.

The HP liability is secured over various motor vehicles.