07651972falsethat of electricians2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-06-30http://www.companieshouse.gov.uk/cd:Director12022-07-012023-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-07-012023-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-07-012023-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32022-07-012023-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-07-012023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-06-30http://www.companieshouse.gov.uk/2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/cd:FRS1022022-07-012023-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-07-012023-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07651972

R & M Electrical (NW) Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

R & M Electrical (NW) Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Mr R J Inns
REGISTERED OFFICE
226 Oldham Road
Rochdale
Lancashire
OL11 2ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07651972
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

R & M Electrical (NW) Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

R & M Electrical (NW) Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets319,610800
CURRENT ASSETS
Stock-1,000
Debtors520,8721,909
Cash at bank and in hand10,895673
31,7673,582
CREDITORS: Amounts falling due within one year619,1733,897
NET CURRENT ASSETS / (LIABILITIES)12,594(315)
TOTAL ASSETS LESS CURRENT LIABILITIES32,204485
CREDITORS: Amounts falling due after more than one year711,565-
PROVISIONS FOR LIABILITIES AND CHARGES83,726152
NET ASSETS16,913333
CAPITAL AND RESERVES
Called up share capital9102102
Profit and loss account16,811231
SHAREHOLDERS' FUNDS16,913333
For the year ending 30/06/2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/03/2024 and signed on their behalf by
.............................
Mr R J Inns
Director

R & M Electrical (NW) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all 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. 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.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

R & M Electrical (NW) Ltd

1f. Government Grants
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to income statement over the useful lives of the related assets while grants related to expenses are treated as other income in the income statement.
1g. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20232022
No.No.
Average number of employees21
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/07/20224,5004,500
Additions25,34725,347
At 30/06/202329,84729,847
Depreciation
At 01/07/20223,7003,700
For the year6,5376,537
At 30/06/202310,23710,237
Net Book Amounts
At 30/06/202319,61019,610
At 30/06/2022800800
4. STOCK 20232022
££
Stock comprises:
Stock-1,000
-1,000

R & M Electrical (NW) Ltd

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,148523
VAT-647
PAYE control13,724-
Prepayments-100
Directors current account RJ Inns-639
20,8721,909
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax6,2611,099
VAT2,581-
Hire purchase6,358-
Other creditors2,1122,112
Accruals1,861686
19,1733,897
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Hire purchase >1 year11,565-
11,565-
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation3,726152
3,726152

R & M Electrical (NW) Ltd

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
1 Class A shares of £1 each11
1 Class B shares of £1 each11
102102
10. CONTROLLING PARTY
The company is controlled by the director who owns 100% of the issued share capital.