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REGISTERED NUMBER: 02324963 (England and Wales)


















Unaudited Financial Statements for the Year Ended 29 February 2024

for

RPT Joinery Limited

RPT Joinery Limited (Registered number: 02324963)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


RPT Joinery Limited (Registered number: 02324963)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 50,631 34,522
Investments 5 6,022 5,860
56,653 40,382

CURRENT ASSETS
Stocks 16,762 17,425
Debtors 6 54,534 48,051
Cash at bank and in hand 73,015 123,720
144,311 189,196
CREDITORS
Amounts falling due within one year 7 (154,723 ) (192,085 )
NET CURRENT LIABILITIES (10,412 ) (2,889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,241

37,493

PROVISIONS FOR LIABILITIES (5,113 ) -
NET ASSETS 41,128 37,493

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 1,141 884
Retained earnings 8 39,887 36,509
41,128 37,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

RPT Joinery Limited (Registered number: 02324963)

Balance Sheet - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by:





P T Goonan - Director


RPT Joinery Limited (Registered number: 02324963)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

RPT Joinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02324963

Registered office: Treviot House
186 - 192 High Road
Ilford
Essex
IG1 1LR

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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 Profit and Loss Account, 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.

RPT Joinery Limited (Registered number: 02324963)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

Fixed asset investment
Fixed asset investments are stated at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 18,845 257,825 68,630 16,100 361,400
Additions - 1,895 - 33,775 35,670
Disposals - (140,022 ) - (16,100 ) (156,122 )
At 29 February 2024 18,845 119,698 68,630 33,775 240,948
DEPRECIATION
At 1 March 2023 18,845 228,526 63,407 16,100 326,878
Charge for year - 7,127 1,305 8,444 16,876
Eliminated on disposal - (137,337 ) - (16,100 ) (153,437 )
At 29 February 2024 18,845 98,316 64,712 8,444 190,317
NET BOOK VALUE
At 29 February 2024 - 21,382 3,918 25,331 50,631
At 28 February 2023 - 29,299 5,223 - 34,522

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 March 2023 5,860
Revaluations 162
At 29 February 2024 6,022
NET BOOK VALUE
At 29 February 2024 6,022
At 28 February 2023 5,860

RPT Joinery Limited (Registered number: 02324963)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Listed
investments
£   
Valuation in 2017 478
Valuation in 2018 137
Valuation in 2019 141
Valuation in 2020 144
Valuation in 2021 149
Valuation in 2022 152
Valuation in 2023 157
Valuation in 2024 162
Cost 4,502
6,022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,453 26,519
Other debtors 8,081 21,532
54,534 48,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,765 29,279
Taxation and social security 11,713 8,288
Other creditors 101,245 154,518
154,723 192,085

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 36,509 884 37,393
Profit for the year 43,641 43,641
Dividends (40,006 ) (40,006 )
Transfer (257 ) 257 -
At 29 February 2024 39,887 1,141 41,028