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REGISTERED NUMBER: 04456932 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

R E S CONSTRUCTION (WELLING) LIMITED

R E S CONSTRUCTION (WELLING) LIMITED (REGISTERED NUMBER: 04456932)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R E S CONSTRUCTION (WELLING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: I J Stevenson
Mrs T Stevenson
Miss E Stevenson
R Stevenson





REGISTERED OFFICE: Second Floor South
The Fitted Rigging House
Anchor Wharf, The Historic Dockyard
Chatham
Kent
ME4 4TZ





REGISTERED NUMBER: 04456932 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

R E S CONSTRUCTION (WELLING) LIMITED (REGISTERED NUMBER: 04456932)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,686 57,279
Investments 5 103,694 103,694
152,380 160,973

CURRENT ASSETS
Debtors 6 309,688 370,436
Cash at bank and in hand 36,605 87,529
346,293 457,965
CREDITORS
Amounts falling due within one year 7 578,415 485,949
NET CURRENT LIABILITIES (232,122 ) (27,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(79,742

)

132,989

CREDITORS
Amounts falling due after more than one
year

8

(66,878

)

(82,918

)

PROVISIONS FOR LIABILITIES (982 ) (255 )
NET (LIABILITIES)/ASSETS (147,602 ) 49,816

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (148,602 ) 48,816
SHAREHOLDERS' FUNDS (147,602 ) 49,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 E S CONSTRUCTION (WELLING) LIMITED (REGISTERED NUMBER: 04456932)

BALANCE SHEET - continued
30 APRIL 2023


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 10 September 2024 and were signed on its behalf by:





I J Stevenson - Director


R E S CONSTRUCTION (WELLING) LIMITED (REGISTERED NUMBER: 04456932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

R E S Construction (Welling) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 sale of properties and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

R E S CONSTRUCTION (WELLING) LIMITED (REGISTERED NUMBER: 04456932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 73,375
DEPRECIATION
At 1 May 2022 16,096
Charge for year 8,593
At 30 April 2023 24,689
NET BOOK VALUE
At 30 April 2023 48,686
At 30 April 2022 57,279

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Fixed asset investments 103,694 103,694

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contract 306,848 306,848
Other debtors 2,840 63,588
309,688 370,436

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,215 16,215
Hire purchase contracts 5,600 5,600
Payments on account 159,594 159,594
Trade creditors 448 -
Taxation and social security 39,762 30,115
Other creditors 356,796 274,425
578,415 485,949

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 54,278 65,471
Hire purchase contracts 12,600 17,447
66,878 82,918

R E S CONSTRUCTION (WELLING) LIMITED (REGISTERED NUMBER: 04456932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 70,493 81,686
Hire purchase contracts 18,200 23,047
88,693 104,733

The bank loans are secured on work in progress.

10. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 1,862 1,862