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REGISTERED NUMBER: 00551193 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

R.T.PAGE & SONS LIMITED

R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.T.PAGE & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D A Page
R C Page
N W Tree
T A Page
S Barker





SECRETARY: T A Page





REGISTERED OFFICE: Unit R
Rudford Industrial Estate
Ford Road
Ford
West Sussex
BN18 0BF





REGISTERED NUMBER: 00551193 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,632,956 6,803,766

CURRENT ASSETS
Debtors 5 949,659 1,064,755
Cash at bank and in hand 387,234 354,632
1,336,893 1,419,387
CREDITORS
Amounts falling due within one year 6 1,933,416 2,043,316
NET CURRENT LIABILITIES (596,523 ) (623,929 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,036,433

6,179,837

CREDITORS
Amounts falling due after more than one year 7 (11,506 ) (50,180 )

PROVISIONS FOR LIABILITIES 10 (544,157 ) (563,495 )
NET ASSETS 5,480,770 5,566,162

CAPITAL AND RESERVES
Called up share capital 7,000 7,000
Share premium 195,000 195,000
Revaluation reserve 3,932,552 3,970,661
Capital redemption reserve 1,000 1,000
Retained earnings 1,345,218 1,392,501
SHAREHOLDERS' FUNDS 5,480,770 5,566,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





R C Page - Director


R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

R.T.Page & Sons Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00551193 and the registered office address is Unit R, Rudford Industrial Estate, Ford Road, Ford, West Sussex, BN18 0BF.

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 as modified by the revaluation of certain assets.

Monetary amounts in these Financial Statements are rounded to the nearest £1.

Turnover
Revenue from the sales of services is recognised when all of the following conditions are satisfied:

- The amount of revenue can be measured reliably;
- It is probable that the economic benefits associated with the transactions will flow to the company; and
- The costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - at varying rates on cost
Motor vehicles - 20% on cost
Computer equipment - 20% - 33% on cost

Freehold property is initially measured at cost and is subsequently revalued at fair value. Land is not depreciated.

The directors believe the residual value of the freehold property is so high that they believe it is reasonable to reset the 50 years useful life of the asset at each revaluation period.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Employee benefits
The costs of short term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 40 ) .

R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£ £ £ £ £
COST OR VALUATION
At 1 May 2023 6,670,989 268,494 304,486 72,769 7,316,738
Additions - 6,060 - - 6,060
At 30 April 2024 6,670,989 274,554 304,486 72,769 7,322,798
DEPRECIATION
At 1 May 2023 93,943 208,504 150,077 60,448 512,972
Charge for year 93,943 19,053 58,297 5,577 176,870
At 30 April 2024 187,886 227,557 208,374 66,025 689,842
NET BOOK VALUE
At 30 April 2024 6,483,103 46,997 96,112 6,744 6,632,956
At 30 April 2023 6,577,046 59,990 154,409 12,321 6,803,766

Included in cost or valuation of land and buildings is freehold land of £ 1,973,817 (2023 - £ 1,973,817 ) which is not depreciated.

Cost or valuation at 30 April 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£ £ £ £ £
Valuation in 1997 22,949 - - - 22,949
Valuation in 1999 72,899 - - - 72,899
Valuation in 2001 224,414 - - - 224,414
Valuation in 2007 561,587 - - - 561,587
Valuation in 2012 (287,598 ) - - - (287,598 )
Valuation in 2016 828,000 - - - 828,000
Valuation in 2022 2,904,912 - - - 2,904,912
Cost 2,343,826 274,554 304,486 72,769 2,995,635
6,670,989 274,554 304,486 72,769 7,322,798

If freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 2,343,826 2,343,825
Aggregate depreciation 616,795 588,878

Freehold land and buildings were valued on an open market basis on 1 April 2022 by Flude property consultants .

A tax liability of £501,332 would have arisen if the freehold property had been sold at the balance sheet date for its carrying amount under the revaluation model. This has been provided for in the deferred tax calculation.

R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 778,551 839,480
Other debtors 171,108 169,134
949,659 1,008,614

Amounts falling due after more than one year:
Other debtors - 56,141

Aggregate amounts 949,659 1,064,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 28,818 53,796
Trade creditors 569,374 566,018
Taxation and social security 175,183 202,997
Other creditors 1,150,041 1,210,505
1,933,416 2,043,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 11,506 20,833
Hire purchase contracts (see note 8) - 29,347
11,506 50,180

8. LEASING AGREEMENTS


2024 2023
Finance charges repayable: £    £   
Within one year 15,993 53,796
Between one and five years 73,302 29,347
89,295 83,143

R.T.PAGE & SONS LIMITED (REGISTERED NUMBER: 00551193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 28,818 83,143
Other creditors 1,107,100 1,107,100
1,135,918 1,190,243

Other creditors are secured on land and property owned by the company. The balance of this is repayable on demand with 5% (2023: 5%) interest charged per annum on the principal sum.

The finance lease and hire purchase contracts are secured on the assets concerned.

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 544,157 563,495

Deferred tax
£
Balance at 1 May 2023 563,495
Accelerated capital allowances (19,338 )
Balance at 30 April 2024 544,157

11. RELATED PARTY DISCLOSURES

Included in other debtors at the year end is a balance of £21,692 (2023 : £62,594), due both within one year and more than one year in respect of a pension scheme. Interest was charge at £11,400 (2023 : £11,400) during the year. A director is connected with the pension scheme.