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Registered Number: 13110433
England and Wales

 

 

 

R&G MODERN HOME IMPROVEMENTS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 18,486    21,697 
18,486    21,697 
Current assets      
Debtors 4 142,499    65,125 
Cash at bank and in hand 20,376    14,380 
162,875    79,505 
Creditors: amount falling due within one year 5 (173,126)   (65,467)
Net current liabilities (10,251)   14,038 
 
Total assets less current liabilities 8,235    35,735 
Creditors: amount falling due after more than one year 6 (8,233)   (13,250)
Net assets 2    22,485 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account   22,483 
Shareholder's funds 2    22,485 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 October 2023 and were signed on its behalf by:


-------------------------------
Mr Shaun Grimwood
Director
1
General Information
R&G MODERN HOME IMPROVEMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13110433, registration address 50 Princes Street, Ipswich, England, IP1 1RJ .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 5 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 February 2022 27,121    27,121 
Additions 2,950    2,950 
Disposals  
At 31 January 2023 30,071    30,071 
Depreciation
At 01 February 2022 5,424    5,424 
Charge for year 6,161    6,161 
On disposals  
At 31 January 2023 11,585    11,585 
Net book values
Closing balance as at 31 January 2023 18,486    18,486 
Opening balance as at 01 February 2022 21,697    21,697 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 26,470    21,543 
VAT Control Account   1,849 
PAYE & Social Security 4,383    4,383 
30,853    27,775 

4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Directors' Loan Accounts 111,646    37,350 
111,646    37,350 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 27,499    12,036 
Corporation Tax 11,640   
Other Creditors 111,277    28,779 
NIC Payable 1,548    1,548 
Wages Payable 25,013    23,104 
CIS Liability 4,093   
VAT (7,944)  
173,126    65,467 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Van Loan 8,450    13,250 
LAPTOP (217)  
8,233    13,250 

2