Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity22023-04-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12345124 2023-04-01 2024-03-31 12345124 2022-04-01 2023-03-31 12345124 2024-03-31 12345124 2023-03-31 12345124 c:Director1 2023-04-01 2024-03-31 12345124 c:Director2 2023-04-01 2024-03-31 12345124 d:PlantMachinery 2023-04-01 2024-03-31 12345124 d:PlantMachinery 2024-03-31 12345124 d:PlantMachinery 2023-03-31 12345124 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12345124 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12345124 d:MotorVehicles 2023-04-01 2024-03-31 12345124 d:MotorVehicles 2024-03-31 12345124 d:MotorVehicles 2023-03-31 12345124 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12345124 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12345124 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12345124 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 12345124 d:Goodwill 2023-04-01 2024-03-31 12345124 d:Goodwill 2024-03-31 12345124 d:Goodwill 2023-03-31 12345124 d:CurrentFinancialInstruments 2024-03-31 12345124 d:CurrentFinancialInstruments 2023-03-31 12345124 d:Non-currentFinancialInstruments 2024-03-31 12345124 d:Non-currentFinancialInstruments 2023-03-31 12345124 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12345124 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12345124 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12345124 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12345124 d:ShareCapital 2024-03-31 12345124 d:ShareCapital 2023-03-31 12345124 d:RetainedEarningsAccumulatedLosses 2024-03-31 12345124 d:RetainedEarningsAccumulatedLosses 2023-03-31 12345124 c:FRS102 2023-04-01 2024-03-31 12345124 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12345124 c:FullAccounts 2023-04-01 2024-03-31 12345124 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12345124 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 12345124 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 12345124 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 12345124 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 12345124 2 2023-04-01 2024-03-31 12345124 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12345124










R & R PLUMBING SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
R & R PLUMBING SERVICES LIMITED
REGISTERED NUMBER: 12345124

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
14,688
17,136

Tangible assets
 5 
45,176
26,846

  
59,864
43,982

Current assets
  

Debtors: amounts falling due within one year
 6 
40,129
48,453

Cash at bank and in hand
 7 
244,498
167,451

  
284,627
215,904

Creditors: amounts falling due within one year
 8 
(127,049)
(75,302)

Net current assets
  
 
 
157,578
 
 
140,602

Total assets less current liabilities
  
217,442
184,584

Creditors: amounts falling due after more than one year
 9 
(25,012)
(18,668)

  

Net assets
  
192,430
165,916

Page 1

 
R & R PLUMBING SERVICES LIMITED
REGISTERED NUMBER: 12345124
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
192,330
165,816

  
192,430
165,916


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 June 2024.




................................................
Paul Richardson
................................................
Ian Roberts
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

R & R Plumbing Services Limited is a private company, limited by shares, domiciled in England and Wales.
The registered office of the company is:
2 Michaels Court, Hanney Road, Southmoor, OX13 5HR
The principal activity of the company is the provision of plumbing services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line
Motor vehicles
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
24,480



At 31 March 2024

24,480



Amortisation


At 1 April 2023
7,344


Charge for the year on owned assets
2,448



At 31 March 2024

9,792



Net book value



At 31 March 2024
14,688



At 31 March 2023
17,136



Page 6

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
6,328
40,144
46,472


Additions
-
29,932
29,932


Disposals
-
(14,000)
(14,000)



At 31 March 2024

6,328
56,076
62,404



Depreciation


At 1 April 2023
3,382
16,244
19,626


Charge for the year on owned assets
589
-
589


Charge for the year on financed assets
-
3,845
3,845


Disposals
-
(6,832)
(6,832)



At 31 March 2024

3,971
13,257
17,228



Net book value



At 31 March 2024
2,357
42,819
45,176



At 31 March 2023
2,946
23,900
26,846


6.


Debtors

2024
2023
£
£


Trade debtors
648
20,376

Other debtors
39,481
28,077

40,129
48,453


Page 7

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
244,498
167,451

244,498
167,451



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
64,202
17,691

Other taxation and social security
43,813
52,693

Obligations under finance lease and hire purchase contracts
17,453
3,041

Other creditors
1,581
1,877

127,049
75,302



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
25,012
18,668

25,012
18,668



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
17,453
3,041

Between 1-5 years
25,012
18,668

42,465
21,709

Page 8

 
R & R PLUMBING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £16,500 (2023 £6,000).

 
Page 9