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REGISTERED NUMBER: 12611133 (England and Wales)













R F BUILDING & UTILITIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R F BUILDING & UTILITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr R Faulkner
Mrs C O Faulkner





SECRETARY: Mr R Faulkner





REGISTERED OFFICE: 5 Homeland Place
Blackwood
NP12 1AS





REGISTERED NUMBER: 12611133 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 705,678 163,503

CURRENT ASSETS
Debtors 5 212,632 4,312
Cash at bank 1,011,440 131,004
1,224,072 135,316
CREDITORS
Amounts falling due within one year 6 768,218 138,266
NET CURRENT ASSETS/(LIABILITIES) 455,854 (2,950 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,161,532 160,553

CREDITORS
Amounts falling due after more than one
year

7

(165,154

)

(45,903

)

PROVISIONS FOR LIABILITIES (176,420 ) (31,066 )
NET ASSETS 819,958 83,584

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 819,858 83,484
SHAREHOLDERS' FUNDS 819,958 83,584

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:




Mr R Faulkner - Director



Mrs C O Faulkner - Director


R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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


1. STATUTORY INFORMATION

R F Building & Utilities 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 June 2022 93,112 119,790 212,902
Additions 330,534 442,447 772,981
Disposals - (20,745 ) (20,745 )
At 31 May 2023 423,646 541,492 965,138
DEPRECIATION
At 1 June 2022 25,441 23,958 49,399
Charge for year 105,912 108,298 214,210
Eliminated on disposal - (4,149 ) (4,149 )
At 31 May 2023 131,353 128,107 259,460
NET BOOK VALUE
At 31 May 2023 292,293 413,385 705,678
At 31 May 2022 67,671 95,832 163,503

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 June 2022 - 63,545 63,545
Additions 111,706 167,245 278,951
At 31 May 2023 111,706 230,790 342,496
DEPRECIATION
At 1 June 2022 - 12,709 12,709
Charge for year 27,927 46,158 74,085
At 31 May 2023 27,927 58,867 86,794
NET BOOK VALUE
At 31 May 2023 83,779 171,923 255,702
At 31 May 2022 - 50,836 50,836

R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 167,463 -
Other debtors 45,169 -
VAT - 4,312
212,632 4,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 6,512 75,648
Hire purchase contracts 95,410 32,571
Trade creditors 98,060 -
Tax 341,067 6,246
PAYE and NIC taxes 23,476 5,608
Pension control 2,404 -
VAT 196,898 -
Directors' current accounts 291 17,160
Accruals and deferred income 4,100 1,033
768,218 138,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts 165,154 45,903

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 260,564 -

Amounts owed under hire purchase agreements are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

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

R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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


10. RESERVES
Retained
earnings
£

At 1 June 2022 83,484
Profit for the year 1,858,874
Dividends (1,122,500 )
At 31 May 2023 819,858