Registered number
07209976
Rich Hall Construction Ltd
Report and Accounts
31 March 2023
Rich Hall Construction Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Rich Hall Construction Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rich Hall Construction Ltd for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
22 November 2023
Rich Hall Construction Ltd
Registered number: 07209976
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,248 13,758
Current assets
Debtors 4 12,000 10,197
Cash at bank and in hand 37,534 40,803
49,534 51,000
Creditors: amounts falling due within one year 5 (53,356) (63,134)
Net current liabilities (3,822) (12,134)
Net assets 6,426 1,624
Capital and reserves
Called up share capital 2 2
Profit and loss account 6,424 1,622
Shareholders' funds 6,426 1,624
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R M Hall
Director
Approved by the board on 22 November 2023
Rich Hall Construction Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 5 year straight line
Motor vehicles 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 4,096 43,360 47,456
At 31 March 2023 4,096 43,360 47,456
Depreciation
At 1 April 2022 3,265 30,433 33,698
Charge for the year 278 3,232 3,510
At 31 March 2023 3,543 33,665 37,208
Net book value
At 31 March 2023 553 9,695 10,248
At 31 March 2022 831 12,927 13,758
4 Debtors 2023 2022
£ £
Trade debtors 12,000 10,197
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 27,767 35,082
Obligations under finance lease and hire purchase contracts 9,556 12,293
Trade creditors 13,689 3,628
Corporation tax 11,215 5,704
Other taxes and social security costs (10,458) 4,992
Other creditors 1,587 1,435
53,356 63,134
6 Other information
Rich Hall Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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