12
31/03/2023
2023-03-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
true
true
false
No description of principal activities is disclosed
2022-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
6623087
2022-04-01
2023-03-31
6623087
2023-03-31
6623087
2022-03-31
6623087
2021-04-01
2022-03-31
6623087
2022-03-31
6623087
2021-03-31
6623087
core:PlantMachinery
2022-04-01
2023-03-31
6623087
core:FurnitureFittingsToolsEquipment
2022-04-01
2023-03-31
6623087
core:MotorVehicles
2022-04-01
2023-03-31
6623087
bus:OrdinaryShareClass1
2022-04-01
2023-03-31
6623087
bus:OrdinaryShareClass2
2022-04-01
2023-03-31
6623087
bus:LeadAgentIfApplicable
2022-04-01
2023-03-31
6623087
bus:Director1
2022-04-01
2023-03-31
6623087
core:DeferredTaxation
2022-04-01
2023-03-31
6623087
core:RetainedEarningsAccumulatedLosses
2021-04-01
2022-03-31
6623087
core:RetainedEarningsAccumulatedLosses
2022-04-01
2023-03-31
6623087
core:WithinOneYear
2023-03-31
6623087
core:WithinOneYear
2022-03-31
6623087
core:AfterOneYear
2023-03-31
6623087
core:AfterOneYear
2022-03-31
6623087
core:UKTax
2022-04-01
2023-03-31
6623087
core:UKTax
2021-04-01
2022-03-31
6623087
core:ShareCapital
2023-03-31
6623087
core:ShareCapital
2022-03-31
6623087
core:RetainedEarningsAccumulatedLosses
2023-03-31
6623087
core:RetainedEarningsAccumulatedLosses
2022-03-31
6623087
core:ShareCapital
2021-03-31
6623087
core:RetainedEarningsAccumulatedLosses
2021-03-31
6623087
bus:OrdinaryShareClass1
core:ShareCapital
2023-03-31
6623087
bus:OrdinaryShareClass1
core:ShareCapital
2022-03-31
6623087
bus:OrdinaryShareClass2
core:ShareCapital
2023-03-31
6623087
bus:OrdinaryShareClass2
core:ShareCapital
2022-03-31
6623087
core:AcceleratedTaxDepreciationDeferredTax
2023-03-31
6623087
core:DeferredTaxation
2023-03-31
6623087
bus:Director1
2023-03-31
6623087
bus:Director1
2022-03-31
6623087
bus:SmallEntities
2022-04-01
2023-03-31
6623087
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
6623087
bus:AbridgedAccounts
2022-04-01
2023-03-31
6623087
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
6623087
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
Company registration number:
6623087
RPS CONTRACTORS LIMITED
Unaudited filleted abridged financial statements
31 March 2023
RPS CONTRACTORS LIMITED
Contents
Accountant's report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
RPS CONTRACTORS LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of RPS CONTRACTORS LIMITED
Year ended 31 March 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2023 which comprise the abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
P B Hourigan & Co
Chartered Certified Accountants
Garrards
Cowfold Road
WEST GRINSTEAD
West Sussex
RH13 8LY
8 November 2023
RPS CONTRACTORS LIMITED
Abridged statement of financial position
31 March 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
- |
|
|
|
- |
|
|
Tangible assets |
|
7 |
381,035 |
|
|
|
333,875 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
381,035 |
|
|
|
333,875 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
188,497 |
|
|
|
- |
|
|
Debtors |
|
|
267,113 |
|
|
|
306,830 |
|
|
Cash at bank and in hand |
|
|
1,320,693 |
|
|
|
1,196,869 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,776,303 |
|
|
|
1,503,699 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
|
(
363,186) |
|
|
|
(
382,329) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
1,413,117 |
|
|
|
1,121,370 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,794,152 |
|
|
|
1,455,245 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
|
|
|
(
17,942) |
|
|
|
(
5,245) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
8 |
|
|
(
55,310) |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
1,720,900 |
|
|
|
1,450,000 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
10 |
|
|
150 |
|
|
|
150 |
Profit and loss account |
|
|
|
|
1,720,750 |
|
|
|
1,449,850 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
1,720,900 |
|
|
|
1,450,000 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
08 November 2023
, and are signed on behalf of the board by:
Mr R P Smith
Director
Company registration number:
6623087
RPS CONTRACTORS LIMITED
Statement of changes in equity
Year ended 31 March 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 April 2021 |
|
150 |
|
932,731 |
932,881 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
652,619 |
652,619 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
652,619 |
652,619 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
135,500) |
(
135,500) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
135,500) |
(
135,500) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2022 and 1 April 2022 |
|
150 |
|
1,449,850 |
1,450,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
435,500 |
435,500 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
435,500 |
435,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
164,600) |
(
164,600) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
164,600) |
(
164,600) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 |
|
150 |
|
1,720,750 |
1,720,900 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RPS CONTRACTORS LIMITED
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is RPS Contractors Limited, Spring Acres, Kennel Lane, WEST GRINSTEAD, West Sussex, RH13 8LX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2022:
10
).
5.
Tax on profit
Major components of tax expense
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Current tax: |
|
|
|
|
UK current tax expense |
|
118,809 |
130,636 |
|
|
|
|
|
|
Deferred tax: |
|
|
|
|
Origination and reversal of timing differences |
|
55,310 |
- |
|
|
|
_______ |
_______ |
|
Tax on profit |
|
174,119
|
130,636 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Reconciliation of tax expense
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Profit before taxation |
|
609,619 |
783,255 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Profit multiplied by rate of tax |
|
115,828 |
148,818 |
|
Effect of expenses not deductible for tax purposes |
|
23 |
- |
|
Effect of capital allowances and depreciation |
|
2,958 |
(
18,182) |
|
|
|
_______ |
_______ |
|
Tax on profit |
|
118,809 |
130,636 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Intangible assets
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2022 and 31 March 2023 |
25,000 |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 April 2022 and 31 March 2023 |
25,000 |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2023 |
- |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
At 31 March 2022 |
- |
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2022 |
599,602 |
|
|
|
|
|
|
|
Additions |
185,159 |
|
|
|
|
|
|
|
Disposals |
(
96,398) |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 March 2023 |
688,363 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2022 |
265,727 |
|
|
|
|
|
|
|
Charge for the year |
92,198 |
|
|
|
|
|
|
|
Disposals |
(
50,597) |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 March 2023 |
307,328 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2023 |
381,035 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 March 2022 |
333,875 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Provisions
|
|
Deferred tax (note 9) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 April 2022 |
- |
- |
|
|
|
|
Additions |
55,310 |
55,310 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31 March 2023 |
55,310 |
55,310 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Included in provisions (note 8) |
|
55,310 |
- |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
(
55,310) |
- |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary A shares shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
|
Ordinary B shares shares of £
1.00 each |
|
50 |
|
50 |
|
50 |
|
50 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
150 |
|
150 |
|
150 |
|
150 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
11.
Directors advances, credits and guarantees
|
|
Balance brought forward and o/standing |
Balance brought forward and o/standing |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Mr R P Smith |
1,633 |
1,633 |
|
|
_______ |
_______ |
|
|
|
|