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REGISTERED NUMBER: 11640834 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

RM ELECTRICAL CONTRACTORS LTD

RM ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11640834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


RM ELECTRICAL CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: R W Masters





REGISTERED OFFICE: 35 Copt Elm Close
Charlton Kings
Cheltenham
Gloucestershire
GL53 8AF





REGISTERED NUMBER: 11640834 (England and Wales)





ACCOUNTANTS: Andorran Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

RM ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11640834)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 55,117 48,764

CURRENT ASSETS
Stocks - 6,000
Debtors 70,570 83,961
Cash at bank 39,367 4,736
109,937 94,697
CREDITORS
Amounts falling due within one year (100,983 ) (54,013 )
NET CURRENT ASSETS 8,954 40,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,071

89,448

CREDITORS
Amounts falling due after more than one
year

(31,656

)

(37,491

)
NET ASSETS 32,415 51,957

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 32,413 51,955
SHAREHOLDERS' FUNDS 32,415 51,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

RM ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11640834)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Statement of Financial Position for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 26 January 2024 and were signed by:





R W Masters - Director


RM ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11640834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

RM Electrical Contractors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

RM ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 11640834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 91,841
Additions 45,450
Disposals (37,063 )
At 31 October 2023 100,228
DEPRECIATION
At 1 November 2022 43,077
Charge for year 28,506
Eliminated on disposal (26,472 )
At 31 October 2023 45,111
NET BOOK VALUE
At 31 October 2023 55,117
At 31 October 2022 48,764

5. RELATED PARTY DISCLOSURES

R W Masters
Director and shareholder


In a previous period, Mr R Masters loaned the company £7,124 as working capital. During the year the related party loaned the company a further £50,583. The amount is unsecured, interest-free and repayable on demand.

31.10.23 31.10.22
£    £   
Amount due to related party at the balance sheet date 57,707 7,124