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  RBM CONTRACTING LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE PERIOD ENDED 30 MARCH 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  RBM CONTRACTING LTD
  FINANCIAL STATEMENTS
  FOR THE PERIOD ENDED 30 MARCH 2023
       
       
  DIRECTOR
       
  Robert Andrew John Moore
       
       
  REGISTERED OFFICE
       
  Benbrook farm, Stoneywell Lane, Rugeley Staffordshire, WS15 4QS
       
       
  COMPANY REGISTERED NUMBER
       
  11706391
       
       
  BANKERS
       
  Barclays Bank PLc
       
       
  ACCOUNTANTS
       
  Jonathan Loescher and Co Ltd
  Chartered Accountants
  The Steading, Jerry's Lane, Packington, Lichfield, Staffs WS14 9QA
       
       
  CONTENTS
       
  Pages
       
       
  2-3 Statement of Financial Position  
       
       
  4-8 Notes to the Financial Statements  
       
     
  page 1
  RBM CONTRACTING LTD
  Company registered number: 11706391
  STATEMENT OF FINANCIAL POSITION AT 30 March 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 142,522 92,090
  CURRENT ASSETS    
  Inventories   - 8,760
  Debtors 4 191,985 43,672
  Cash at bank and in hand   56,888 10,499
      248,873 62,931
  CREDITORS: Amounts falling due within one year 5 202,640 67,862
  NET CURRENT ASSETS/(LIABILITIES)   46,233 (4,931)
  TOTAL ASSETS LESS CURRENT LIABILITIES   188,755 87,159
           
  PROVISIONS FOR LIABILITIES   (30,000) (13,000)
  NET ASSETS   £158,755 £74,159
       
  CAPITAL AND RESERVES
  Called up share capital   120 120
  Retained earnings   158,635 74,039
  SHAREHOLDERS' FUNDS   £158,755 £74,159
       
  The notes on pages 4-8 form part of these financial statements
   
  page 2
  RBM CONTRACTING LTD
  Company registered number: 11706391
  STATEMENT OF FINANCIAL POSITION AT 30 March 2023 (CONT.)
           
    Note 2023 2022
      £ £ £
       
       
  In approving these financial statements as director of the company I hereby confirm the following:
       
  For the period in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 01 March 2024
 
  Signed on behalf of the board of directors
 
 
       
  Robert A J Moore, Director
       
       
  The notes on pages 4-8 form part of these financial statements
   
  page 3
  RBM CONTRACTING LTD
  NOTES TO THE ACCOUNTS
  FOR THE PERIOD ENDED 30 MARCH 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  RBM Contracting Ltd is a company limited by shares incorporated in England and Wales.
         
  Registered office:
  Benbrook farm, Stoneywell Lane, Rugeley Staffordshire, WS15 4QS
         
  Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
  Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
 
         
 
  The notes on pages 4-8 form part of these financial statements
   
  page 4
  RBM CONTRACTING LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE PERIOD ENDED 30 MARCH 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1j. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1k. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
  The notes on pages 4-8 form part of these financial statements
   
  page 5
  RBM CONTRACTING LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE PERIOD ENDED 30 MARCH 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1l. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
         
1m. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
         
1n. Discontinued operations
         
  A discontinued operation is a component of the Company's business, the operations and cash flows of which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a signal coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.
         
         
1o. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
         
1p. Judgements and key sources of estimation uncertainty
         
  In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
         
 
         
 
         
  The notes on pages 4-8 form part of these financial statements
   
  page 6
  RBM CONTRACTING LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE PERIOD ENDED 30 MARCH 2023
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the period were as follows:
    2023 2022
    No. No.
    0 0
   
         
3. PROPERTY, PLANT AND EQUIPMENT
    Short Plant &  
    Leasehold Machinery Total
    £ £ £
  Cost
         
  At 1 April 2022 26,073 115,301 141,374
  Additions other than through business combinations 627 96,793 97,420
         
  Disposals - (10,850) (10,850)
  At 30 March 2023 26,700 201,244 227,944
   
  Depreciation
         
  At 1 April 2022 2,807 46,477 49,284
  Disposals - (5,337) (5,337)
  For the period 1,449 40,026 41,475
  At 30 March 2023 4,256 81,166 85,422
   
  Net Book Amounts
         
  At 30 March 2023 22,444 120,078 142,522
  At 31 March 2022 23,266 68,824 92,090
   
       
       
4. DEBTORS 2023 2022
    £ £
  Trade debtors 5,725 18,585
  Other debtors 186,260 25,087
    £191,985 £43,672
   
  The notes on pages 4-8 form part of these financial statements
   
  page 7
  RBM CONTRACTING LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE PERIOD ENDED 30 MARCH 2023
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Debenture loans 12,799 -
  Bank loans and overdrafts 5,980 8,152
  Finance leases and hire purchase contracts 17,180 27,339
  Trade creditors 64,651 14,494
  Corporation tax 15,000 5,300
  Other taxes and social security 9,255 9,327
  Other creditors 22,732 -
  Accruals and deferred income 55,043 3,250
    £202,640 £67,862
   
       
  The notes on pages 4-8 form part of these financial statements
   
  page 8