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REGISTERED NUMBER: 02266224 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

R.M.F. INSTALLATION AND SERVICES LIMITED

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.M.F. INSTALLATION AND SERVICES LIMITED

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTORS: Mr I Jones
Mr S P Middleton
Mrs T L Charlesworth





SECRETARY: Mr S P Middleton





REGISTERED OFFICE: 3 & 4 Pegasus House, Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: 02266224 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,550 207,686

CURRENT ASSETS
Stocks 1,696,995 964,637
Debtors 5 1,237,627 1,820,510
Cash at bank and in hand 477,798 310,364
3,412,420 3,095,511
CREDITORS
Amounts falling due within one year 6 1,408,047 1,071,589
NET CURRENT ASSETS 2,004,373 2,023,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,215,923

2,231,608

CREDITORS
Amounts falling due after more than one
year

7

(151,862

)

(188,617

)

PROVISIONS FOR LIABILITIES (32,558 ) (34,273 )
NET ASSETS 2,031,503 2,008,718

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,031,403 2,008,618
SHAREHOLDERS' FUNDS 2,031,503 2,008,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

BALANCE SHEET - continued
28 February 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 2 November 2023 and were signed on its behalf by:




Mr S P Middleton - Director



Mr I Jones - Director


R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023


1. STATUTORY INFORMATION

R.M.F. Installation And 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
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.
Short leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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.

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 24 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2022 41,963 177,702 101,642
Additions - 2,576 960
Disposals - - -
At 28 February 2023 41,963 180,278 102,602
DEPRECIATION
At 1 March 2022 2,222 123,339 84,534
Charge for year 3,974 13,851 4,370
Eliminated on disposal - - -
At 28 February 2023 6,196 137,190 88,904
NET BOOK VALUE
At 28 February 2023 35,767 43,088 13,698
At 28 February 2022 39,741 54,363 17,108

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 150,742 24,723 496,772
Additions 40,494 9,028 53,058
Disposals (17,200 ) (4,293 ) (21,493 )
At 28 February 2023 174,036 29,458 528,337
DEPRECIATION
At 1 March 2022 63,995 14,996 289,086
Charge for year 21,995 2,517 46,707
Eliminated on disposal (14,713 ) (4,293 ) (19,006 )
At 28 February 2023 71,277 13,220 316,787
NET BOOK VALUE
At 28 February 2023 102,759 16,238 211,550
At 28 February 2022 86,747 9,727 207,686

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 911,007 1,370,656
Other debtors 326,620 449,854
1,237,627 1,820,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 26,117 30,160
Trade creditors 604,466 803,174
Taxation and social security 98,895 151,171
Other creditors 628,569 37,084
1,408,047 1,071,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 112,500 162,500
Hire purchase contracts 39,362 26,117
151,862 188,617

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.