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Registration number: 09944665

RB Construction Services Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 27 January 2023

image-name
 

RB Construction Services Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

RB Construction Services Ltd

Company Information

Directors

Mr BW Parry

Mr RJ Parry

Registered office

Chiltern Business Centre Unit 11
63-65 Woodside Road
Amersham
Buckinghamshire
HP6 6AA

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
RB Construction Services Ltd
for the Year Ended 27 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RB Construction Services Ltd for the year ended 27 January 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of RB Construction Services Ltd, as a body, in accordance with the terms of our instructions. Our work has been undertaken solely to prepare for your approval the accounts of RB Construction Services Ltd and state those matters that we have agreed to state to the Board of Directors of RB Construction Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RB Construction Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that RB Construction Services Ltd 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 RB Construction Services Ltd. You consider that RB Construction Services Ltd 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 RB Construction Services Ltd. 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.

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

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

16 January 2024

 

RB Construction Services Ltd

(Registration number: 09944665)
Balance Sheet as at 27 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,611

20,027

Current assets

 

Stocks

5

5,000

5,000

Debtors

6

198,179

159,720

Cash at bank and in hand

 

1,002

105,153

 

204,181

269,873

Creditors: Amounts falling due within one year

7

(199,299)

(187,109)

Net current assets

 

4,882

82,764

Total assets less current liabilities

 

15,493

102,791

Creditors: Amounts falling due after more than one year

7

(33,342)

(36,015)

Provisions for liabilities

(1,597)

(3,571)

Net (liabilities)/assets

 

(19,446)

63,205

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(19,546)

63,105

Shareholders' (deficit)/funds

 

(19,446)

63,205

For the financial year ending 27 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 January 2024 and signed on its behalf by:
 

 

RB Construction Services Ltd

(Registration number: 09944665)
Balance Sheet as at 27 January 2023

.........................................
Mr RJ Parry
Director

 

RB Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales, 09944665.

The address of its registered office is:
Chiltern Business Centre Unit 11
63-65 Woodside Road
Amersham
Buckinghamshire
HP6 6AA

These financial statements were authorised for issue by the Board on 16 January 2024.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

RB Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

Motor vehicles

25% on cost

Office equipment

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

RB Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, including directors, was 4 (2022 - 4).

 

RB Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 28 January 2022

11,459

5,065

21,800

38,324

At 27 January 2023

11,459

5,065

21,800

38,324

Depreciation

At 28 January 2022

3,084

2,950

12,263

18,297

Charge for the year

2,699

1,267

5,450

9,416

At 27 January 2023

5,783

4,217

17,713

27,713

Carrying amount

At 27 January 2023

5,676

848

4,087

10,611

At 27 January 2022

8,375

2,115

9,537

20,027

5

Stocks

2023
£

2022
£

Inventory

5,000

5,000

6

Debtors

Current

2023
£

2022
£

Trade debtors

18,740

53,266

Prepayments

1,063

157

Other debtors

178,376

106,297

 

198,179

159,720

 

RB Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

29,443

12,000

Trade creditors

 

872

51,152

Directors loan account

10

21,234

19,521

Accruals

 

2,373

2,230

Corporation tax control

 

81,363

83,684

VAT Control account

 

38,061

18,522

PAYE and NIC creditor

 

25,953

-

 

199,299

187,109

Due after one year

 

Loans and borrowings

8

33,342

36,015

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

33,342

36,015

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

33,342

36,015

2023
£

2022
£

Current loans and borrowings

Bank borrowings

29,443

12,000

 

RB Construction Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

9

Financial commitments, guarantees and contingencies

10

Related party transactions

Summary of transactions with other related parties


Parry's Management Services Ltd

A company controlled by an individual related to the director.

During the year, Parry's Management Services Ltd charged the company £6,315 (2022 : £6,000) in premises expenses. The company provided services to Parry's Management Services Ltd and issued sales invoices of £30,550 (2022: £Nil). At the balance sheet date, the amount due from Parry's Management Services Ltd was £4,342 (2022: £9,268).