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REGISTERED NUMBER: 08911109 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

R J Tolley Building Contractors Limited

R J Tolley Building Contractors Limited (Registered number: 08911109)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R J Tolley Building Contractors Limited

Company Information
for the year ended 28 February 2023







DIRECTOR: R J Tolley





REGISTERED OFFICE: 33 Neighbrook Close
Redditch
Worcestershire
B97 5YA





REGISTERED NUMBER: 08911109 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

R J Tolley Building Contractors Limited (Registered number: 08911109)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,941 3,892
2,941 3,892

CURRENT ASSETS
Stocks 222,000 175,000
Debtors 32,400 9,531
Cash at bank - 83,046
254,400 267,577
CREDITORS
Amounts falling due within one year 103,498 95,300
NET CURRENT ASSETS 150,902 172,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,843

176,169

CREDITORS
Amounts falling due after more than one
year

6

24,166

41,666
NET ASSETS 129,677 134,503

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 129,577 134,403
SHAREHOLDERS' FUNDS 129,677 134,503

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 director acknowledges his 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 J Tolley Building Contractors Limited (Registered number: 08911109)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





R J Tolley - Director


R J Tolley Building Contractors Limited (Registered number: 08911109)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

R J Tolley Building Contractors 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

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.

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 J Tolley Building Contractors Limited (Registered number: 08911109)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 20,000
AMORTISATION
At 1 March 2022
and 28 February 2023 20,000
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 12,370
DEPRECIATION
At 1 March 2022 8,478
Charge for year 951
At 28 February 2023 9,429
NET BOOK VALUE
At 28 February 2023 2,941
At 28 February 2022 3,892

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 8,333

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary share capital £1 100 100

R J Tolley Building Contractors Limited (Registered number: 08911109)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

8. ULTIMATE CONTROLLING PARTY

During the financial year the controlling party was Mr R J Tolley .