Registered number
08810205
RM Construction Limited
Filleted Accounts
31 March 2024
RM Construction Limited
Registered number: 08810205
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,086 6,150
Current assets
Work in Progress 8,817 115,274
Debtors 4 117,156 10,993
Cash at bank and in hand - 33,952
125,973 160,219
Creditors: amounts falling due within one year 5 (112,426) (201,125)
Net current assets/(liabilities) 13,547 (40,906)
Total assets less current liabilities 28,633 (34,756)
Creditors: amounts falling due after more than one year 6 (16,664) (26,512)
Provisions for liabilities (3,772) (1,169)
Net assets/(liabilities) 8,197 (62,437)
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,196 (62,438)
Shareholder's funds 8,197 (62,437)
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. R. Meredith
Director
Approved by the board on 5 September 2024
RM Construction Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Motor vehicles 25% straight line
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 13,404
Additions 12,982
Disposals (5,435)
At 31 March 2024 20,951
Depreciation
At 1 April 2023 7,254
Charge for the year 4,046
On disposals (5,435)
At 31 March 2024 5,865
Net book value
At 31 March 2024 15,086
At 31 March 2023 6,150
4 Debtors 2024 2023
£ £
Trade debtors 62,856 4,396
Other debtors 54,300 6,597
117,156 10,993
5 Creditors: amounts falling due within one year 2024 2023
£ £
Sundry Loans and overdrafts 24,668 10,000
Payments on Account - 52,000
Trade creditors 14,009 36,534
Amounts owed to group undertakings and undertakings in which the company has a participating interest 17,625 27,651
Other taxes and social security costs 55,906 61,541
Director's Loans - 12,054
Other creditors 218 1,345
112,426 201,125
6 Creditors: amounts falling due after one year 2024 2023
£ £
Sundry loans 16,664 26,512
7 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
1 1
8 Related party transactions
The company had costs of £216,000 (2023: £164,000) from RM Construction Holdings Limited, a company controlled by the director. The amount owed to RM Construction Holdings Limited at the year end is £17,625.
9 Controlling party
The company is controlled by the director.
10 Other information
RM Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 1 Park Court,
Pyrford Road,
West Byfleet,
Surrey,
KT14 6SD.
Its place of business is:
Logan's Run,
Headley Fields,
Headley,
Hants,
GU35 7PS.
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