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REGISTERED NUMBER: 06744130 (England and Wales)













R M T BUILDERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






R M T BUILDERS LIMITED (REGISTERED NUMBER: 06744130)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R M T BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr. R M Thomas
Mrs. N Thomas





REGISTERED OFFICE: 50 Maes Y Gwenyn
Rhoose Point
Vale of Glamorgan
CF62 3LA





REGISTERED NUMBER: 06744130 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

R M T BUILDERS LIMITED (REGISTERED NUMBER: 06744130)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,974 7,467
5,974 7,467

CURRENT ASSETS
Stocks 6,428 2,695
Debtors 6 8,833 10,893
Cash at bank 8,015 11,096
23,276 24,684
CREDITORS
Amounts falling due within one year 7 27,572 21,983
NET CURRENT (LIABILITIES)/ASSETS (4,296 ) 2,701
TOTAL ASSETS LESS CURRENT LIABILITIES 1,678 10,168

CREDITORS
Amounts falling due after more than one
year

8

(417

)

(3,445

)

PROVISIONS FOR LIABILITIES (1,135 ) (1,419 )
NET ASSETS 126 5,304

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26 5,204
SHAREHOLDERS' FUNDS 126 5,304

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.

R M T BUILDERS LIMITED (REGISTERED NUMBER: 06744130)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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 30 July 2024 and were signed on its behalf by:





Mr. R M Thomas - Director


R M T BUILDERS LIMITED (REGISTERED NUMBER: 06744130)

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


1. STATUTORY INFORMATION

R M T Builders 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

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 statement of financial position date.


R M T BUILDERS LIMITED (REGISTERED NUMBER: 06744130)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2022
and 31 October 2023 10,000
AMORTISATION
At 1 November 2022
and 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 November 2022
and 31 October 2023 16,781 2,460 19,241
DEPRECIATION
At 1 November 2022 9,908 1,866 11,774
Charge for year 1,374 119 1,493
At 31 October 2023 11,282 1,985 13,267
NET BOOK VALUE
At 31 October 2023 5,499 475 5,974
At 31 October 2022 6,873 594 7,467

R M T BUILDERS LIMITED (REGISTERED NUMBER: 06744130)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 5,859 10,540
Other debtors 2,974 353
8,833 10,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 3,195 3,195
Trade creditors 6,281 3,546
Taxation and social security 13,856 11,784
Other creditors 4,240 3,458
27,572 21,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts 417 3,445

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 3,612 6,640

Hire Purchase balances are secured on the asset to which the finance relates.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£ £
Mr. R M Thomas
Balance outstanding at start of year (881 ) (1,476 )
Amounts advanced 68,392 52,977
Amounts repaid (64,830 ) (52,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,681 (881 )

The overdrawn directors loan balance was fully repaid within 9 months of the year end.