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Registered Number: 03658096
England and Wales

 

 

 

RAVENSBOURNE CONSTRUCTION LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023
Directors Leigh David French
Ryan Alexander French
Registered Number 03658096
Registered Office Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
Trading Address The Bower, Hawley's Corner
Westerham Hill
Westerham
Kent
TN16 2HW
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
Secretary Alison Elizabeth French
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 September 2023.
Principal activities
The principal activity of the company during the financial year was of excavations and groundworks.
Directors
The directors who served the company throughout the year were as follows:
Leigh David French
Ryan Alexander French
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.


Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.


In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Ryan Alexander French
Director

Date approved: 07 March 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of Ravensbourne Construction Limited for the year ended 30 September 2023.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ravensbourne Construction Limited for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Ravensbourne Construction Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ravensbourne Construction Limited and state those matters that we have agreed to state to the Board of Directors of Ravensbourne Construction Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ravensbourne Construction Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ravensbourne Construction Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ravensbourne Construction Limited.You consider that Ravensbourne Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Ravensbourne Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 30 September 2023.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
07 March 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 5 65,103    68,841 
65,103    68,841 
Current assets      
Stocks 6 19,500    12,500 
Debtors 7 7,331    9,311 
Cash at bank and in hand 10,002    11,744 
36,833    33,555 
Creditors: amount falling due within one year 8 (50,165)   (63,569)
Net current liabilities (13,332)   (30,014)
 
Total assets less current liabilities 51,771    38,827 
Creditors: amount falling due after more than one year 9 (27,556)   (34,328)
Net assets 24,215    4,499 
 

Capital and reserves
     
Called up share capital 10 2    2 
Reserves 11 22,738    22,738 
Profit and loss account 1,475    (18,241)
Shareholder's funds 24,215    4,499 
 


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 07 March 2024 and were signed on its behalf by:


-------------------------------
Leigh David French
Director
4
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 October 2021 2  22,738  (19,472) 3,268 
Profit for the year 9,231  9,231 
Total comprehensive income for the year 9,231  9,231 
Dividends (8,000) (8,000)
Total investments by and distributions to owners (8,000) (8,000)
At 30 September 2022 2  22,738  (18,241) 4,499 
At 01 October 2022 2  22,738  (18,241) 4,499 
Profit for the year 26,216  26,216 
Total comprehensive income for the year 26,216  26,216 
Dividends (6,500) (6,500)
Total investments by and distributions to owners (6,500) (6,500)
At 30 September 2023 2  22,738  1,475  24,215 
5
General Information
Ravensbourne Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 03658096, registration address Produce House, 1a Wickham Court Road, West Wickham, Kent, BR4 9LN. The trading address of the company is The Bower, Hawley's Corner, Westerham Hill, Westerham, Kent, TN16 2HW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Directors' Emoluments

2023
£
  2022
£
Administrative Expenses
Directors Remuneration 9,060    8,920 
Directors Pension Contributions 3,000    3,000 
12,060    11,920 

3.

Staff Costs

2023
£
  2022
£
Wages and salaries 223,874    191,806 
Pension costs, defined contribution plan 13,807    12,400 
Other staff costs 1,440    734 
239,121    204,940 

4.

Average number of employees

Average number of employees during the year was 7 (2022 : 9).
5.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 October 2022 113,737    46,809      160,546 
Additions 20,646      1,295    21,941 
Disposals (13,250)   (833)     (14,083)
At 30 September 2023 121,133    45,976    1,295    168,404 
Depreciation
At 01 October 2022 65,125    26,580      91,705 
Charge for year 16,528    4,849    324    21,701 
On disposals (10,105)       (10,105)
At 30 September 2023 71,548    31,429    324    103,301 
Net book values
Closing balance as at 30 September 2023 49,585    14,547    971    65,103 
Opening balance as at 01 October 2022 48,612    20,229      68,841 


6.

Stocks

2023
£
  2022
£
Work in Progress 12,000    5,000 
Stocks 7,500    7,500 
19,500    12,500 

7.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   9,311 
Prepayments & Accrued Income 3,989   
VAT 3,342   
7,331    9,311 

8.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 20,137    14,910 
Bank Loans & Overdrafts (Secured) 9,000    10,278 
Corporation Tax 4,968    3,930 
PAYE & Social Security 4,821    3,523 
Other Creditors 1,324    (1)
Obligations under HP/Financial Leases 4,328    9,504 
Director's Current Account 5,587    11,890 
VAT   9,535 
50,165    63,569 

9.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 19,500    30,000 
Obligations Under HP/Financial Leases 8,056    4,328 
27,556    34,328 

10.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

11.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 22,738    22,738 
22,738    22,738 

6