IRIS Accounts Production v24.1.9.2 02282797 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure022827972022-09-30022827972023-09-30022827972022-10-012023-09-30022827972021-09-30022827972021-10-012022-09-30022827972022-09-3002282797ns16:EnglandWales2022-10-012023-09-3002282797ns15:PoundSterling2022-10-012023-09-3002282797ns11:Director12022-10-012023-09-3002282797ns11:PrivateLimitedCompanyLtd2022-10-012023-09-3002282797ns11:SmallEntities2022-10-012023-09-3002282797ns11:AuditExempt-NoAccountantsReport2022-10-012023-09-3002282797ns11:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3002282797ns11:SmallCompaniesRegimeForAccounts2022-10-012023-09-3002282797ns11:FullAccounts2022-10-012023-09-3002282797ns11:Director22022-10-012023-09-3002282797ns11:Director32022-10-012023-09-3002282797ns11:Director42022-10-012023-09-3002282797ns11:Director52022-10-012023-09-3002282797ns11:RegisteredOffice2022-10-012023-09-3002282797ns6:CurrentFinancialInstruments2023-09-3002282797ns6:CurrentFinancialInstruments2022-09-3002282797ns6:Non-currentFinancialInstruments2023-09-3002282797ns6:Non-currentFinancialInstruments2022-09-3002282797ns6:ShareCapital2023-09-3002282797ns6:ShareCapital2022-09-3002282797ns6:RetainedEarningsAccumulatedLosses2023-09-3002282797ns6:RetainedEarningsAccumulatedLosses2022-09-3002282797ns6:PlantMachinery2022-10-012023-09-3002282797ns6:FurnitureFittings2022-10-012023-09-3002282797ns6:ComputerEquipment2022-10-012023-09-3002282797ns6:PlantMachinery2022-09-3002282797ns6:FurnitureFittings2022-09-3002282797ns6:ComputerEquipment2022-09-3002282797ns6:PlantMachinery2023-09-3002282797ns6:FurnitureFittings2023-09-3002282797ns6:ComputerEquipment2023-09-3002282797ns6:PlantMachinery2022-09-3002282797ns6:FurnitureFittings2022-09-3002282797ns6:ComputerEquipment2022-09-3002282797ns6:WithinOneYearns6:CurrentFinancialInstruments2023-09-3002282797ns6:WithinOneYearns6:CurrentFinancialInstruments2022-09-30
REGISTERED NUMBER: 02282797 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 September 2023

for

R.D.S. Construction Limited

R.D.S. Construction Limited (Registered number: 02282797)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R.D.S. Construction Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: D Larner
Mrs A Larner
R Larner
S Larner
R J Larner





REGISTERED OFFICE: Park House
Park Street
Oldbury
West Midlands
B69 4LE





REGISTERED NUMBER: 02282797 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

R.D.S. Construction Limited (Registered number: 02282797)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,695 270,717

CURRENT ASSETS
Stocks 1,610 890
Debtors 5 3,559,829 4,022,903
Cash at bank 663,700 797,564
4,225,139 4,821,357
CREDITORS
Amounts falling due within one year 6 2,677,969 3,172,841
NET CURRENT ASSETS 1,547,170 1,648,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,971,865

1,919,233

CREDITORS
Amounts falling due after more than one
year

7

(96,900

)

-

PROVISIONS FOR LIABILITIES (51,020 ) (51,440 )
NET ASSETS 1,823,945 1,867,793

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,823,845 1,867,693
SHAREHOLDERS' FUNDS 1,823,945 1,867,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by:



D Larner - Director


R.D.S. Construction Limited (Registered number: 02282797)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

R.D.S. 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.

Turnover
Turnover represents amounts invoiced during the year, excluding value added tax.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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 Income Statement, 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
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 and also makes payments to Self Administered personal pension schemes in respect of certain directors. Contributions payable to the company's pension scheme are charged to the income statement in the period in which they relate.

R.D.S. Construction Limited (Registered number: 02282797)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 825,132 85,572 54,518 965,222
Additions 257,267 - 57,542 314,809
Disposals (178,200 ) - - (178,200 )
At 30 September 2023 904,199 85,572 112,060 1,101,831
DEPRECIATION
At 1 October 2022 589,184 58,892 46,429 694,505
Charge for year 106,952 4,002 7,589 118,543
Eliminated on disposal (135,912 ) - - (135,912 )
At 30 September 2023 560,224 62,894 54,018 677,136
NET BOOK VALUE
At 30 September 2023 343,975 22,678 58,042 424,695
At 30 September 2022 235,948 26,680 8,089 270,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 389,587 375,591
Amounts recoverable on
contracts 2,909,717 3,427,086
Other debtors 6,362 1,902
VAT 159,111 150,825
Prepayments and accrued income 95,052 67,499
3,559,829 4,022,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 32,300 -
Trade creditors 2,223,186 2,583,877
Social security and other taxes 43,945 44,596
Other creditors 280,906 203,988
Accrued expenses 97,632 340,380
2,677,969 3,172,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 96,900 -