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Company Registration No. 09982081 (England and Wales)
Romax Contractors Ltd Unaudited accounts for the year ended 28 February 2023
Romax Contractors Ltd Unaudited accounts Contents
Page
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Romax Contractors Ltd Company Information for the year ended 28 February 2023
Director
Roman Khimchak
Company Number
09982081 (England and Wales)
Registered Office
Suite 310D Sterling House Langston Road Loughton Essex IG10 3TS England
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Romax Contractors Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,508 
60,477 
Current assets
Inventories
45,625 
- 
Debtors
86,379 
49,913 
Cash at bank and in hand
122,935 
255,287 
254,939 
305,200 
Creditors: amounts falling due within one year
(147,237)
(120,169)
Net current assets
107,702 
185,031 
Net assets
183,210 
245,508 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
183,110 
245,408 
Shareholders' funds
183,210 
245,508 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Roman Khimchak Director Company Registration No. 09982081
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Romax Contractors Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Romax Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 09982081. The registered office is Suite 310D, Sterling House, Langston Road, Loughton, Essex, IG10 3TS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost.
Motor vehicles
25% on cost.
Computer equipment
33% on cost.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
46,175 
37,043 
10,661 
93,879 
Additions
38,376 
- 
- 
38,376 
At 28 February 2023
84,551 
37,043 
10,661 
132,255 
Depreciation
At 1 March 2022
4,576 
24,162 
4,664 
33,402 
Charge for the year
14,978 
6,025 
2,342 
23,345 
At 28 February 2023
19,554 
30,187 
7,006 
56,747 
Net book value
At 28 February 2023
64,997 
6,856 
3,655 
75,508 
At 28 February 2022
41,599 
12,881 
5,997 
60,477 
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Romax Contractors Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
23,489 
10,418 
Trade debtors
62,890 
39,495 
86,379 
49,913 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
8,090 
52,847 
Taxes and social security
44,042 
20,695 
Loans from directors
17,878 
3,140 
Accruals
77,227 
43,487 
147,237 
120,169 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At 28 February 2023 the company owed £17,878.20 to director as a result of loans made to the company. The loans are unsecured and interest free. The director together with members of his close family, controls the company as a result of controlling directly or indirectly 100% of the issued share capital.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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