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REGISTERED NUMBER: 07263952 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

R.S.FRENCH LTD

R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.S.FRENCH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: R S French
L J French
M S French
C G French



REGISTERED OFFICE: 55 East Street
Faversham
Kent
ME13 8AF



REGISTERED NUMBER: 07263952 (England and Wales)



ACCOUNTANTS: Kemp Carr Brown & Co.
55 East Street
Faversham
Kent
ME13 8AF



BANKERS: Lloyds TSB
49 High Street
Canterbury
Kent
CT1 2SE

R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 140,000 160,000
Tangible assets 5 6,064,440 5,203,821
6,204,440 5,363,821

CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 703,240 670,303
Cash at bank 1,679,881 1,495,952
2,388,121 2,171,255
CREDITORS
Amounts falling due within one year 8 134,120 266,689
NET CURRENT ASSETS 2,254,001 1,904,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,458,441

7,268,387

CREDITORS
Amounts falling due after more than
one year

9

(229

)

(1,458

)

PROVISIONS FOR LIABILITIES 11 (871,508 ) (653,354 )
NET ASSETS 7,586,704 6,613,575

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7,585,704 6,612,575
SHAREHOLDERS' FUNDS 7,586,704 6,613,575

R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)

BALANCE SHEET - continued
31 MAY 2023


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

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

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 6 November 2023 and were signed on its behalf by:




R S French - Director L J French - Director




M S French - Director C G French - Director


R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

R.S.French Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Containers and equipment - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Stocks
Stocks 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.


R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued
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.

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 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 400,000
AMORTISATION
At 1 June 2022 240,000
Amortisation for year 20,000
At 31 May 2023 260,000
NET BOOK VALUE
At 31 May 2023 140,000
At 31 May 2022 160,000

R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Containers
Freehold and Plant and
property equipment machinery
£    £    £   
COST
At 1 June 2022 1,494,936 4,864,383 1,109,814
Additions 66,800 588,500 505,580
Disposals - (95,013 ) -
At 31 May 2023 1,561,736 5,357,870 1,615,394
DEPRECIATION
At 1 June 2022 117,296 1,791,140 708,293
Charge for year 13,487 361,405 121,310
Eliminated on disposal - (47,314 ) -
At 31 May 2023 130,783 2,105,231 829,603
NET BOOK VALUE
At 31 May 2023 1,430,953 3,252,639 785,791
At 31 May 2022 1,377,640 3,073,243 401,521

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 873,513 62,929 8,405,575
Additions 420,760 8,013 1,589,653
Disposals (200,739 ) - (295,752 )
At 31 May 2023 1,093,534 70,942 9,699,476
DEPRECIATION
At 1 June 2022 529,581 55,444 3,201,754
Charge for year 123,581 5,384 625,167
Eliminated on disposal (144,571 ) - (191,885 )
At 31 May 2023 508,591 60,828 3,635,036
NET BOOK VALUE
At 31 May 2023 584,943 10,114 6,064,440
At 31 May 2022 343,932 7,485 5,203,821

Included in cost of land and buildings is freehold land of £ 199,408 (2022 - £ 199,408 ) which is not depreciated.

R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. STOCKS
31.5.23 31.5.22
£    £   
Stock of fuel 5,000 5,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 621,573 585,581
Other debtors 10,000 15,000
Prepayments 71,667 69,722
703,240 670,303

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 1,240 1,250
Trade creditors 28,566 41,851
Tax 38,022 100,570
Social security and other taxes - 20,643
VAT 44,985 83,781
Other creditors 7,690 9,190
Credit card 7,132 1,598
Accrued expenses 6,485 7,806
134,120 266,689

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 229 1,458

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   

The bank loans are secured by a first legal charge over the commercial freehold of land at Uplands Farm, High Street Road, Waterham, Kent and land to the north of High Street Road.

R.S.FRENCH LTD (REGISTERED NUMBER: 07263952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

11. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 871,508 653,354

Deferred
tax
£   
Balance at 1 June 2022 653,354
Increase 218,154
Balance at 31 May 2023 871,508