Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-04-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12345124 2022-04-01 2023-03-31 12345124 2021-04-01 2022-03-31 12345124 2023-03-31 12345124 2022-03-31 12345124 c:Director1 2022-04-01 2023-03-31 12345124 c:Director2 2022-04-01 2023-03-31 12345124 d:PlantMachinery 2022-04-01 2023-03-31 12345124 d:PlantMachinery 2023-03-31 12345124 d:PlantMachinery 2022-03-31 12345124 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12345124 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12345124 d:MotorVehicles 2022-04-01 2023-03-31 12345124 d:MotorVehicles 2023-03-31 12345124 d:MotorVehicles 2022-03-31 12345124 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12345124 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12345124 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12345124 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 12345124 d:Goodwill 2022-04-01 2023-03-31 12345124 d:Goodwill 2023-03-31 12345124 d:Goodwill 2022-03-31 12345124 d:CurrentFinancialInstruments 2023-03-31 12345124 d:CurrentFinancialInstruments 2022-03-31 12345124 d:Non-currentFinancialInstruments 2023-03-31 12345124 d:Non-currentFinancialInstruments 2022-03-31 12345124 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12345124 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12345124 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12345124 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12345124 d:ShareCapital 2023-03-31 12345124 d:ShareCapital 2022-03-31 12345124 d:RetainedEarningsAccumulatedLosses 2023-03-31 12345124 d:RetainedEarningsAccumulatedLosses 2022-03-31 12345124 c:FRS102 2022-04-01 2023-03-31 12345124 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12345124 c:FullAccounts 2022-04-01 2023-03-31 12345124 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12345124 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 12345124 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 12345124 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 12345124 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 12345124 2 2022-04-01 2023-03-31 12345124 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12345124










R & R PLUMBING SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
R & R PLUMBING SERVICES LIMITED
REGISTERED NUMBER: 12345124

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
17,136
19,584

Tangible assets
 5 
26,846
33,558

  
43,982
53,142

Current assets
  

Debtors: amounts falling due within one year
 6 
48,453
42,571

Cash at bank and in hand
 7 
167,451
59,322

  
215,904
101,893

Creditors: amounts falling due within one year
 8 
(75,302)
(53,376)

Net current assets
  
 
 
140,602
 
 
48,517

Total assets less current liabilities
  
184,584
101,659

Creditors: amounts falling due after more than one year
 9 
(18,668)
(21,099)

  

Net assets
  
165,916
80,560

Page 1

 
R & R PLUMBING SERVICES LIMITED
REGISTERED NUMBER: 12345124
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
165,816
80,460

  
165,916
80,560


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2023.




................................................
Paul Richardson
................................................
Ian Roberts
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

R & R Plumbing Services Limited is a private company, limited by shares, domiciled in England and Wales.
The registered office of the company is:
2 Michaels Court, Hanney Road, Southmoor, OX13 5HR
The principal activity of the company is the provision of plumbing services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line
Motor vehicles
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
24,480



At 31 March 2023

24,480



Amortisation


At 1 April 2022
4,896


Charge for the year on owned assets
2,448



At 31 March 2023

7,344



Net book value



At 31 March 2023
17,136



At 31 March 2022
19,584



Page 6

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2022
6,328
40,144
46,472



At 31 March 2023

6,328
40,144
46,472



Depreciation


At 1 April 2022
2,645
10,269
12,914


Charge for the year on owned assets
737
-
737


Charge for the year on financed assets
-
5,975
5,975



At 31 March 2023

3,382
16,244
19,626



Net book value



At 31 March 2023
2,946
23,900
26,846



At 31 March 2022
3,683
29,875
33,558


6.


Debtors

2023
2022
£
£


Trade debtors
20,376
4,488

Other debtors
28,077
38,083

48,453
42,571



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
167,451
59,322

167,451
59,322


Page 7

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,691
32,702

Other taxation and social security
52,693
17,633

Obligations under finance lease and hire purchase contracts
3,041
3,041

Other creditors
1,877
-

75,302
53,376



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
18,668
21,099

18,668
21,099



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
3,041
3,041

Between 1-5 years
18,668
21,099

21,709
24,140


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,000 (2022 £6,000).

 
Page 8