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REGISTERED NUMBER: 05041220 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

RG CONSTRUCTION LTD

RG CONSTRUCTION LTD (REGISTERED NUMBER: 05041220)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RG CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: D Godliman
T G Rudling





REGISTERED OFFICE: 21 Market Place
Dereham
Norfolk
NR19 2AX





REGISTERED NUMBER: 05041220 (England and Wales)





ACCOUNTANTS: Farnell Clarke (Dereham) Limited
21 Market Place
Dereham
Norfolk
NR19 2AX

RG CONSTRUCTION LTD (REGISTERED NUMBER: 05041220)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,997 26,376

CURRENT ASSETS
Stocks 731,457 339,765
Debtors 5 64,601 29,082
Cash at bank 38,106 62,412
834,164 431,259
CREDITORS
Amounts falling due within one year 6 591,079 197,705
NET CURRENT ASSETS 243,085 233,554
TOTAL ASSETS LESS CURRENT LIABILITIES 256,082 259,930

CREDITORS
Amounts falling due after more than one
year

7

(86,896

)

(138,256

)

PROVISIONS FOR LIABILITIES (5,011 ) (5,011 )
NET ASSETS 164,175 116,663

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 164,075 116,563
SHAREHOLDERS' FUNDS 164,175 116,663

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 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.

RG CONSTRUCTION LTD (REGISTERED NUMBER: 05041220)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:




D Godliman - Director



T G Rudling - Director


RG CONSTRUCTION LTD (REGISTERED NUMBER: 05041220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

RG Construction 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% 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 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.

RG CONSTRUCTION LTD (REGISTERED NUMBER: 05041220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 31,858 48,053 - 79,911
Additions - - 1,733 1,733
At 28 February 2023 31,858 48,053 1,733 81,644
DEPRECIATION
At 1 March 2022 27,126 26,409 - 53,535
Charge for year 2,867 12,013 232 15,112
At 28 February 2023 29,993 38,422 232 68,647
NET BOOK VALUE
At 28 February 2023 1,865 9,631 1,501 12,997
At 28 February 2022 4,732 21,644 - 26,376

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 March 2022
and 28 February 2023 15,000 42,120 57,120
DEPRECIATION
At 1 March 2022 12,750 23,653 36,403
Charge for year 2,249 10,530 12,779
At 28 February 2023 14,999 34,183 49,182
NET BOOK VALUE
At 28 February 2023 1 7,937 7,938
At 28 February 2022 2,250 18,467 20,717

RG CONSTRUCTION LTD (REGISTERED NUMBER: 05041220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,006 12,857
Other debtors 58,595 16,225
64,601 29,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,750 44,750
Hire purchase contracts 6,610 7,931
Trade creditors 70,694 45,831
Taxation and social security 52,824 70,159
Other creditors 416,201 29,034
591,079 197,705

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 84,146 128,896
Hire purchase contracts 2,750 9,360
86,896 138,256

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are D Godliman and T G Rudling, who each own 50% of the share capital.