Registered number
11738259
RC Construction & Scaffolding Ltd
Report and Accounts
31 December 2023
RC Construction & Scaffolding Ltd
Registered number: 11738259
Director's Report
The director presents his report and accounts for the year ended 31 December 2023.
Principal activities
The company's principal activity during the year was building and scaffolding.
Directors
The following persons served as directors during the year:
Andrew Taylor
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 April 2024 and signed on its behalf.
Mr A R Taylor
Director
RC Construction & Scaffolding Ltd
Profit and Loss Account
for the year ended 31 December 2023
2023 2022
£ £
Turnover 1,446,705 1,301,769
Cost of sales (650,386) (719,803)
Gross profit 796,319 581,966
Administrative expenses (768,920) (581,721)
Operating profit 27,399 245
Interest payable (25,461) (1,717)
Profit/(loss) before taxation 1,938 (1,472)
Tax on profit/(loss) - -
Profit/(loss) for the financial year 1,938 (1,472)
RC Construction & Scaffolding Ltd
Registered number: 11738259
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Work in progress 25,000 80,000
Debtors 3 363,764 111,410
Cash at bank and in hand 54,879 1,049
443,643 192,459
Creditors: amounts falling due within one year 4 (277,136) (166,375)
Net current assets 166,507 26,084
Total assets less current liabilities 166,507 26,084
Creditors: amounts falling due after more than one year 5 (164,485) (23,000)
Net assets 2,022 3,084
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,922 2,984
Shareholder's funds 2,022 3,084
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A T Taylor
Director
Approved by the board on 15 April 2024
RC Construction & Scaffolding Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 12
3 Debtors 2023 2022
£ £
Trade debtors 143,840 45,036
RC Construction SW - a company under common control 121,820 62,708
Other debtors 98,104 3,666
363,764 111,410
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,750 10,750
Trade creditors 49,021 45,362
Taxation and social security costs 166,430 108,299
Other creditors 50,935 1,964
277,136 166,375
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,897 23,000
Other creditors 151,588 -
164,485 23,000
6 Other information
RC Construction & Scaffolding Ltd is a private company limited by shares and incorporated in England. Its registered office is:
40 Place Parc
Newquay
TR7 3HY
RC Construction & Scaffolding Ltd 11738259 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mr A R Taylor Mr A T Taylor 11738259 2022-01-01 2022-12-31 11738259 core:WithinOneYear 2022-12-31 11738259 core:AfterOneYear 2022-12-31 11738259 core:ShareCapital 2022-12-31 11738259 core:RetainedEarningsAccumulatedLosses 2022-12-31 11738259 2023-01-01 2023-12-31 11738259 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11738259 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11738259 bus:Director1 2023-01-01 2023-12-31 11738259 bus:Director40 2023-01-01 2023-12-31 11738259 bus:Director39 2023-01-01 2023-12-31 11738259 1 2023-01-01 2023-12-31 11738259 2 2023-01-01 2023-12-31 11738259 countries:England 2023-01-01 2023-12-31 11738259 bus:FRS102 2023-01-01 2023-12-31 11738259 bus:FilletedAccounts 2023-01-01 2023-12-31 11738259 2023-12-31 11738259 core:WithinOneYear 2023-12-31 11738259 core:AfterOneYear 2023-12-31 11738259 core:ShareCapital 2023-12-31 11738259 core:RetainedEarningsAccumulatedLosses 2023-12-31 11738259 2022-12-31 iso4217:GBP xbrli:pure