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REGISTERED NUMBER: 02906048 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

R.S.M. CARPENTRY LIMITED

R.S.M. CARPENTRY LIMITED (REGISTERED NUMBER: 02906048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.S.M. CARPENTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S Williams
Mr S A Godfrey





REGISTERED OFFICE: 622 Lower Rainham Road
Rainham
Gillingham
Kent
ME8 7TX





REGISTERED NUMBER: 02906048 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

R.S.M. CARPENTRY LIMITED (REGISTERED NUMBER: 02906048)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,900 61,683

CURRENT ASSETS
Stocks 69,359 57,206
Debtors 5 32,786 77,555
Cash at bank 241,765 1,855,254
343,910 1,990,015
CREDITORS
Amounts falling due within one year 6 271,696 277,095
NET CURRENT ASSETS 72,214 1,712,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,114

1,774,603

CREDITORS
Amounts falling due after more than one
year

7

(309,268

)

(16,684

)

PROVISIONS FOR LIABILITIES (10,238 ) (11,165 )
NET (LIABILITIES)/ASSETS (193,392 ) 1,746,754

CAPITAL AND RESERVES
Called up share capital 4 5
Buy back shares (1,545,610 ) -
Retained earnings 1,352,214 1,746,749
SHAREHOLDERS' FUNDS (193,392 ) 1,746,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.S.M. CARPENTRY LIMITED (REGISTERED NUMBER: 02906048)

BALANCE SHEET - continued
31 MARCH 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 2 August 2024 and were signed on its behalf by:





Mr S Williams - Director


R.S.M. CARPENTRY LIMITED (REGISTERED NUMBER: 02906048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

R.S.M. Carpentry 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.

The accounts have been prepared on the basis of going concern. This basis may not be appropriate because the company had, at 31st March 2024, net liabilities of £(193,392). The validity of the going concern basis is dependent upon the continued support of the company's directors and ordinary creditors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

No depreciation has been provided on freehold properties since it is the company's policy to maintain such properties in a continual state of sound repair and any depreciation would not be material. Provisions would be made should any permanent diminution in value of these properties occur; such provision being based on the prices prevailing at the time of the acquisition or subsequent valuation.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.


R.S.M. CARPENTRY LIMITED (REGISTERED NUMBER: 02906048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

R.S.M. CARPENTRY LIMITED (REGISTERED NUMBER: 02906048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 26,185 5,783 206,676 30,033 268,677
Additions 417 - 24,565 2,213 27,195
Disposals - - (138,033 ) - (138,033 )
At 31 March 2024 26,602 5,783 93,208 32,246 157,839
DEPRECIATION
At 1 April 2023 22,556 5,274 160,536 18,628 206,994
Charge for year 977 127 12,622 3,049 16,775
Eliminated on disposal - - (119,830 ) - (119,830 )
At 31 March 2024 23,533 5,401 53,328 21,677 103,939
NET BOOK VALUE
At 31 March 2024 3,069 382 39,880 10,569 53,900
At 31 March 2023 3,629 509 46,140 11,405 61,683

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 63,348
Additions 24,565
Disposals (36,198 )
At 31 March 2024 51,715
DEPRECIATION
At 1 April 2023 25,581
Charge for year 10,729
Eliminated on disposal (18,793 )
At 31 March 2024 17,517
NET BOOK VALUE
At 31 March 2024 34,198
At 31 March 2023 37,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 55,110
Other debtors 32,786 22,445
32,786 77,555

R.S.M. CARPENTRY LIMITED (REGISTERED NUMBER: 02906048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,846 13,886
Trade creditors 34,445 60,317
Taxation and social security 65,378 112,333
Other creditors 159,027 90,559
271,696 277,095

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 18,946 16,684
Other creditors 290,322 -
309,268 16,684