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REGISTERED NUMBER: 02978024 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

R P George Limited

R P George Limited (Registered number: 02978024)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R P George Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: Mr K W Carr
Mr J Carr





SECRETARY: Mr K W Carr





REGISTERED OFFICE: Bank End Store Bramshall Industrial Esta
Bramshall
Uttoxeter
Staffordshire
ST14 8TD





REGISTERED NUMBER: 02978024 (England and Wales)





ACCOUNTANTS: Bennett Brooks (Leek) Ltd
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

R P George Limited (Registered number: 02978024)

Balance Sheet
31 October 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 520,342 528,969

CURRENT ASSETS
Stocks 496,518 388,014
Debtors 5 433,376 359,063
Cash at bank and in hand 68,662 31,582
998,556 778,659
CREDITORS
Amounts falling due within one year 6 (598,326 ) (514,043 )
NET CURRENT ASSETS 400,230 264,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

920,572

793,585

CREDITORS
Amounts falling due after more than one year 7 - (3,260 )

PROVISIONS FOR LIABILITIES (53,215 ) (41,340 )
NET ASSETS 867,357 748,985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 867,257 748,885
867,357 748,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:



Mr K W Carr - Director



Mr J Carr - Director


R P George Limited (Registered number: 02978024)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

R P George Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

R P George Limited (Registered number: 02978024)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST
At 1 November 2022 407,411 66,895 262,321 736,627
Additions - 7,250 64,089 71,339
Disposals - (441 ) (59,700 ) (60,141 )
At 31 October 2023 407,411 73,704 266,710 747,825
DEPRECIATION
At 1 November 2022 36,458 41,233 129,967 207,658
Charge for year 10,130 8,206 32,726 51,062
Eliminated on disposal - (337 ) (30,900 ) (31,237 )
At 31 October 2023 46,588 49,102 131,793 227,483
NET BOOK VALUE
At 31 October 2023 360,823 24,602 134,917 520,342
At 31 October 2022 370,953 25,662 132,354 528,969

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 November 2022 106,614
Disposals (14,700 )
Transfer to ownership (66,649 )
At 31 October 2023 25,265
DEPRECIATION
At 1 November 2022 70,001
Charge for year 3,553
Eliminated on disposal (11,212 )
Transfer to ownership (47,736 )
At 31 October 2023 14,606
NET BOOK VALUE
At 31 October 2023 10,659
At 31 October 2022 36,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 426,291 351,988
Other debtors 7,085 7,075
433,376 359,063

R P George Limited (Registered number: 02978024)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 40,727
Hire purchase contracts 3,260 5,370
Trade creditors 491,375 419,663
Taxation and social security 98,952 45,095
Other creditors 4,739 3,188
598,326 514,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts - 3,260

8. SECURED DEBTS

Bank loans and overdrafts are secured by means of a standard bank debenture over all of the company's assets and undertakings dated 12 December 1994 and by a legal charge over the company's interest in land at Bramshall Industrial Estate dated 19 April 2011.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£ £
Mr K W Carr
Balance outstanding at start of year 1,463 1,463
Amounts advanced 15,000 15,000
Amounts repaid (15,000 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,463 1,463

Mr J Carr
Balance outstanding at start of year 462 462
Amounts advanced 6,000 6,000
Amounts repaid (6,000 ) (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 462 462