1 01/09/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07727329 2023-09-01 2024-04-30 07727329 2024-04-30 07727329 2023-08-31 07727329 2022-09-01 2023-08-31 07727329 2023-08-31 07727329 2022-08-31 07727329 core:PlantMachinery 2023-09-01 2024-04-30 07727329 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-04-30 07727329 core:MotorVehicles 2023-09-01 2024-04-30 07727329 bus:Director1 2023-09-01 2024-04-30 07727329 core:PlantMachinery 2023-08-31 07727329 core:FurnitureFittingsToolsEquipment 2023-08-31 07727329 core:MotorVehicles 2023-08-31 07727329 core:WithinOneYear 2024-04-30 07727329 core:WithinOneYear 2023-08-31 07727329 core:ShareCapital 2024-04-30 07727329 core:ShareCapital 2023-08-31 07727329 core:RetainedEarningsAccumulatedLosses 2024-04-30 07727329 core:RetainedEarningsAccumulatedLosses 2023-08-31 07727329 core:PlantMachinery 2023-08-31 07727329 core:FurnitureFittingsToolsEquipment 2023-08-31 07727329 core:MotorVehicles 2023-08-31 07727329 bus:Director1 2023-08-31 07727329 bus:Director1 2024-04-30 07727329 bus:Director1 2022-08-31 07727329 bus:Director1 2023-08-31 07727329 bus:Director1 2022-09-01 2023-08-31 07727329 bus:SmallEntities 2023-09-01 2024-04-30 07727329 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-04-30 07727329 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-04-30 07727329 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-04-30 07727329 bus:FullAccounts 2023-09-01 2024-04-30 07727329 core:ComputerEquipment 2023-08-31 07727329 core:ComputerEquipment 2023-09-01 2024-04-30
Company registration number: 07727329
R H Build Limited
Unaudited filleted financial statements
30 April 2024
R H Build Limited
Contents
Statement of financial position
Notes to the financial statements
R H Build Limited
Statement of financial position
30 April 2024
30/04/24 31/08/23
Note £ £ £ £
Fixed assets
Tangible assets 5 - 713
_______ _______
- 713
Current assets
Debtors 6 453 12,293
Cash at bank and in hand 53,364 63,947
_______ _______
53,817 76,240
Creditors: amounts falling due
within one year 7 ( 29,203) ( 15,167)
_______ _______
Net current assets 24,614 61,073
_______ _______
Total assets less current liabilities 24,614 61,786
_______ _______
Net assets 24,614 61,786
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 24,612 61,784
_______ _______
Shareholders funds 24,614 61,786
_______ _______
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 June 2024 , and are signed on behalf of the board by:
Mr Robert Handley
Director
Company registration number: 07727329
R H Build Limited
Notes to the financial statements
Period ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 33 % straight line
Fittings fixtures and equipment - 33 % straight line
Motor vehicles - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Staff costs
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
The aggregate payroll costs incurred during the period were:
Period Year
ended ended
30/04/24 31/08/23
£ £
Wages and salaries 16,051 11,916
Social security costs 1,477 1,556
_______ _______
17,528 13,472
_______ _______
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Computer equipment Total
£ £ £ £ £
Cost
At 1 September 2023 507 1,821 20,132 7,917 30,377
Additions - - - 1,746 1,746
Disposals ( 507) ( 1,821) ( 20,132) ( 9,663) ( 32,123)
_______ _______ _______ _______ _______
At 30 April 2024 - - - - -
_______ _______ _______ _______ _______
Depreciation
At 1 September 2023 505 1,671 20,131 7,357 29,664
Disposals ( 505) ( 1,671) ( 20,131) ( 7,357) ( 29,664)
_______ _______ _______ _______ _______
At 30 April 2024 - - - - -
_______ _______ _______ _______ _______
Carrying amount
At 30 April 2024 - - - - -
_______ _______ _______ _______ _______
At 31 August 2023 2 150 1 560 713
_______ _______ _______ _______ _______
6. Debtors
30/04/24 31/08/23
£ £
Other debtors 453 12,293
_______ _______
7. Creditors: amounts falling due within one year
30/04/24 31/08/23
£ £
Bank loans and overdrafts 1,132 -
Corporation tax 9,228 9,801
Social security and other taxes - 3,184
Other creditors 18,843 2,182
_______ _______
29,203 15,167
_______ _______
8. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 30/04/24
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Robert Handley ( 774) ( 18,069) - ( 18,843)
_______ _______ _______ _______
Year ended 31/08/23
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Robert Handley ( 11,462) ( 312) 11,000 ( 774)
_______ _______ _______ _______