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REGISTERED NUMBER: 04805139 (England and Wales)















RCH ELECTRICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






RCH ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04805139)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RCH ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2023







DIRECTORS: R C Harris
Mrs E J Harris





SECRETARY: Mrs E J Harris





REGISTERED OFFICE: Unit 1
Radway Road
Shirley
Solihull
West Midlands
B90 4NR





REGISTERED NUMBER: 04805139 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

RCH ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04805139)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 5,552 7,228
5,552 7,228

CURRENT ASSETS
Stock 4,740 4,825
Debtors 6 65,412 113,262
Cash at bank 77,230 93,000
147,382 211,087
CREDITORS
Amounts falling due within one year 7 106,900 152,302
NET CURRENT ASSETS 40,482 58,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,034

66,013

CREDITORS
Amounts falling due after more than one year 8 34,260 40,705
NET ASSETS 11,774 25,308

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,674 25,208
11,774 25,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

RCH ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04805139)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Mrs E J Harris - Director


RCH ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04805139)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

RCH Electrical Services 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs is being amortised evenly over its estimated useful life of five years.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stock 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

RCH ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04805139)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 9,106
AMORTISATION
At 1 April 2022
and 31 March 2023 9,106
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 6,185 17,143 6,239 29,567
DEPRECIATION
At 1 April 2022 4,768 13,941 3,630 22,339
Charge for year 354 800 522 1,676
At 31 March 2023 5,122 14,741 4,152 24,015
NET BOOK VALUE
At 31 March 2023 1,063 2,402 2,087 5,552
At 31 March 2022 1,417 3,202 2,609 7,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 58,758 107,110
Amounts owed by group undertakings 80 40
Other debtors 6,574 6,112
65,412 113,262

RCH ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04805139)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,556 5,122
Trade creditors 18,951 67,058
Amounts owed to group undertakings 60,147 56,497
Taxation and social security 11,267 11,670
Other creditors 10,979 11,955
106,900 152,302

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 34,260 40,705

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,037 18,887

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 5,614 -
Between one and five years 25,014 -
30,628 -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is RCH Group Ltd.