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Company registration number: 02274292

Ritson McKenzie Contractors Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Ritson McKenzie Contractors Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Ritson McKenzie Contractors Limited

Company Information

Director

Mr P J Howells

Registered office

Space Solutions Business Centre
39 Sefton Lane Industrial Estate
Maghull
Liverpool
Merseyside
L31 8BX

Accountants

BK Plus Limited
Certified
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ritson McKenzie Contractors Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ritson McKenzie Contractors Limited for the year ended 31 December 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ritson McKenzie Contractors Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Ritson McKenzie Contractors Limited and state those matters that we have agreed to state to the Board of Directors of Ritson McKenzie Contractors Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ritson McKenzie Contractors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ritson McKenzie Contractors 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 loss of Ritson McKenzie Contractors Limited. You consider that Ritson McKenzie Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ritson McKenzie Contractors 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 statutory accounts.

......................................

BK Plus Limited
Certified
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

11 April 2024

 

Ritson McKenzie Contractors Limited

(Registration number: 02274292)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,444

3,394

Current assets

 

Stocks

500

500

Debtors

5

57,037

79,877

Cash at bank and in hand

 

389,373

491,559

 

446,910

571,936

Creditors: Amounts falling due within one year

6

(71,974)

(151,626)

Net current assets

 

374,936

420,310

Total assets less current liabilities

 

377,380

423,704

Creditors: Amounts falling due after more than one year

6

-

(6,048)

Provisions for liabilities

(611)

(645)

Net assets

 

376,769

417,011

Capital and reserves

 

Called up share capital

25,000

25,000

Retained earnings

351,769

392,011

Shareholders' funds

 

376,769

417,011

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 April 2024
 

 

Ritson McKenzie Contractors Limited

(Registration number: 02274292)
Balance Sheet as at 31 December 2023

.........................................
Mr P J Howells
Director

   
     
 

Ritson McKenzie Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Space Solutions Business Centre
39 Sefton Lane Industrial Estate
Maghull
Liverpool
Merseyside
L31 8BX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents revenue earned under contracts to provide goods and services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for the performance under those contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients including retentions and excluding value added tax. For incomplete contracts, an assessment is made of the extent to which revenue has been earned. The assessment takes into account the nature of the assignment, the stage of completion and the relevant contract terms. Un-billed revenue is included in debtors, under "amounts recoverable on contracts"

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Ritson McKenzie Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% reducing balance

Fixtures, Fittings & Equipment

25% reducing balance

Motor Vehicles

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2022 - 10).

 

Ritson McKenzie Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

5,658

28,724

34,382

Disposals

-

(14,078)

(14,078)

At 31 December 2023

5,658

14,646

20,304

Depreciation

At 1 January 2023

5,617

25,371

30,988

Charge for the year

10

805

815

Eliminated on disposal

-

(13,943)

(13,943)

At 31 December 2023

5,627

12,233

17,860

Carrying amount

At 31 December 2023

31

2,413

2,444

At 31 December 2022

41

3,353

3,394

5

Debtors

2023
£

2022
£

Trade debtors

56,610

78,014

Prepayments

427

363

Other debtors

-

1,500

57,037

79,877

 

Ritson McKenzie Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

-

2,000

Trade creditors

 

30,199

53,351

Taxation and social security

 

26,784

66,284

Accruals and deferred income

 

14,991

29,991

 

71,974

151,626

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

-

6,048