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Registration number: 10322293

RB Utility Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

RB Utility Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

RB Utility Solutions Limited

Company Information

Director

Mr Robert Bloomfield

Registered office

Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

RB Utility Solutions Limited

(Registration number: 10322293)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

4

4,120,032

4,120,032

Current assets

 

Cash at bank and in hand

 

2,084,819

1,266,930

Creditors: Amounts falling due within one year

5

(1,123,931)

(1,359,504)

Net current assets/(liabilities)

 

960,888

(92,574)

Net assets

 

5,080,920

4,027,458

capital and reserves

 

Called up share capital

6

203

1,003

Profit and loss account

5,080,717

4,026,455

Shareholders' funds

 

5,080,920

4,027,458

For the financial year ending 30 April 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 February 2024
 

.........................................
Mr Robert Bloomfield
Director

 

RB Utility Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

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

The address of its registered office is:
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

These financial statements were authorised for issue by the director on 7 February 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

RB Utility Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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

Land and buildings

held at market value

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 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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

RB Utility Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2022

4,120,032

4,120,032

At 30 April 2023

4,120,032

4,120,032

Depreciation

Carrying amount

At 30 April 2023

4,120,032

4,120,032

At 30 April 2022

4,120,032

4,120,032

Included within the net book value of land and buildings above is £4,120,032 (2022 - £4,120,032) in respect of freehold land and buildings.
 

 

RB Utility Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Other creditors

 

820,473

1,074,344

Directors' loan accounts

 

303,458

285,160

 

1,123,931

1,359,504

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary R of £1 each

100

100

100

100

Ordinary S of £1 each

100

100

100

100

Ordinary W of £1 each

1

1

1

1

Ordinary O of £1 each

1

1

1

1

Ordinary A of £1 each

1

1

1

1

Ordinary BA of £1 each

-

-

800

800

 

203

203

1,003

1,003

7

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £20.00 (2022 - £51.00) per each Ordinary R

 

2,000

 

5,100

Interim dividend of £20.00 (2022 - £51.00) per each Ordinary S

 

2,000

 

5,100

Interim dividend of £2,000.00 per each Ordinary W

 

2,000

 

2,000

Interim dividend of £2,000.00 per each Ordinary O

 

2,000

 

2,000

Interim dividend of £2,000.00 per each Ordinary A

 

2,000

 

2,000

   

10,000

 

16,200

8

Related party transactions

Summary of transactions with subsidiaries

 

RB Utility Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

JWB Services Limited
 The company owns all of the share capital of JWB Services Limtied
 During the year the company received £1,000,000 (2022 £500,000) in management fees, £108,000 (2022 £108,000) in rental income and £150,000 (2022 £nil) in dividends from JWB Services Limited.

At the balance sheet date the company owed £598,532.05 (2022 £737,731.38) to JWB Services Limited