IRIS Accounts Production v24.1.0.578 05439214 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054392142022-05-31054392142023-05-31054392142022-06-012023-05-31054392142021-05-31054392142021-06-012022-05-31054392142022-05-3105439214ns15:EnglandWales2022-06-012023-05-3105439214ns14:PoundSterling2022-06-012023-05-3105439214ns10:Director12022-06-012023-05-3105439214ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105439214ns10:SmallEntities2022-06-012023-05-3105439214ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105439214ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105439214ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3105439214ns10:AbridgedAccounts2022-06-012023-05-3105439214ns10:OrdinaryShareClass12022-06-012023-05-3105439214ns10:Director22022-06-012023-05-3105439214ns10:CompanySecretary12022-06-012023-05-3105439214ns10:RegisteredOffice2022-06-012023-05-3105439214ns5:CurrentFinancialInstruments2023-05-3105439214ns5:CurrentFinancialInstruments2022-05-3105439214ns5:Non-currentFinancialInstruments2023-05-3105439214ns5:Non-currentFinancialInstruments2022-05-3105439214ns5:ShareCapital2023-05-3105439214ns5:ShareCapital2022-05-3105439214ns5:RetainedEarningsAccumulatedLosses2023-05-3105439214ns5:RetainedEarningsAccumulatedLosses2022-05-3105439214ns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 05439214 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

REFORM CONSTRUCTION LIMITED

REFORM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05439214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


REFORM CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr N M Stenson
Mrs D M Stenson





SECRETARY: Mr N M Stenson





REGISTERED OFFICE: 17 George Street
St Helens
Merseyside
WA10 1DB





REGISTERED NUMBER: 05439214 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

REFORM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05439214)

ABRIDGED BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,012 13,681

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 290,479 284,665
Cash at bank - 3,087
293,979 291,252
CREDITORS
Amounts falling due within one year (292,006 ) (261,842 )
NET CURRENT ASSETS 1,973 29,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,985

43,091

CREDITORS
Amounts falling due after more than one year (596 ) -

PROVISIONS FOR LIABILITIES (2,600 ) (2,600 )
NET ASSETS 19,789 40,491

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 19,689 40,391
SHAREHOLDERS' FUNDS 19,789 40,491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

REFORM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05439214)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:





Mr N M Stenson - Director


REFORM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05439214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Reform Construction 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

Construction contracts
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is calculated using the percentage completion method. Amounts recoverable on these long-terms contracts are included within debtors. Payments on account in respect of long-term contracts are included within creditors.

Where the outcome cannot be measured reliably, the work in progress is valued at cost less payments on account. Cost includes all direct costs plus an appropriate amount of attributable overhead.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Office equipment-15% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-Straight line over 3 years

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

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

Cost is calculated using the average cost method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the average cost formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


REFORM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05439214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

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

Hire purchase contracts
Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 76,525
Additions 14,500
Disposals (8,950 )
At 31 May 2023 82,075
DEPRECIATION
At 1 June 2022 62,844
Charge for year 7,087
Eliminated on disposal (8,868 )
At 31 May 2023 61,063
NET BOOK VALUE
At 31 May 2023 21,012
At 31 May 2022 13,681


REFORM CONSTRUCTION LIMITED (REGISTERED NUMBER: 05439214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100