R D M CARPENTRY LIMITED 07675554 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is general carpentry services Digita Accounts Production Advanced 6.30.9574.0 true true true 07675554 2023-06-01 2024-05-31 07675554 2024-05-31 07675554 bus:OrdinaryShareClass1 2024-05-31 07675554 core:CurrentFinancialInstruments 2024-05-31 07675554 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07675554 core:FurnitureFittingsToolsEquipment 2024-05-31 07675554 core:MotorVehicles 2024-05-31 07675554 bus:SmallEntities 2023-06-01 2024-05-31 07675554 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07675554 bus:FilletedAccounts 2023-06-01 2024-05-31 07675554 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07675554 bus:RegisteredOffice 2023-06-01 2024-05-31 07675554 bus:Director3 2023-06-01 2024-05-31 07675554 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 07675554 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07675554 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 07675554 core:MotorVehicles 2023-06-01 2024-05-31 07675554 core:OfficeEquipment 2023-06-01 2024-05-31 07675554 core:PlantMachinery 2023-06-01 2024-05-31 07675554 core:ParentEntities 2023-06-01 2024-05-31 07675554 1 2023-06-01 2024-05-31 07675554 countries:England 2023-06-01 2024-05-31 07675554 2023-05-31 07675554 core:FurnitureFittingsToolsEquipment 2023-05-31 07675554 core:MotorVehicles 2023-05-31 07675554 2022-06-01 2023-05-31 07675554 2023-05-31 07675554 bus:OrdinaryShareClass1 2023-05-31 07675554 core:CurrentFinancialInstruments 2023-05-31 07675554 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07675554 core:FurnitureFittingsToolsEquipment 2023-05-31 07675554 core:MotorVehicles 2023-05-31 07675554 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07675554

R D M CARPENTRY LIMITED

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

R D M CARPENTRY LIMITED

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

R D M CARPENTRY LIMITED

Company Information

Director

R D Murphy

Registered office

C/O Hillier Hopkins LLP
249 Silbury Boulevard
Milton Keynes
Bucks
MK9 1NA

Accountants

Minney & Company
Chartered Accountants
249 Silbury Boulevard
Milton Keynes
Bucks
MK9 1NA

 

R D M CARPENTRY LIMITED

(Registration number: 07675554)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

89,284

38,268

Current assets

 

Debtors

5

1,084,880

1,268,575

Cash at bank and in hand

 

846,643

1,738,019

 

1,931,523

3,006,594

Prepayments and accrued income

 

15,566

17,241

Creditors: Amounts falling due within one year

(337,660)

(555,729)

Net current assets

 

1,609,429

2,468,106

Total assets less current liabilities

 

1,698,713

2,506,374

Provisions for liabilities

(22,321)

(9,567)

Accruals and deferred income

 

(4,500)

(4,200)

Net assets

 

1,671,892

2,492,607

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

1,671,890

2,492,605

Shareholders' funds

 

1,671,892

2,492,607

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 September 2024
 

 

R D M CARPENTRY LIMITED

(Registration number: 07675554)
Abridged Balance Sheet as at 31 May 2024

.........................................
R D Murphy
Director

 

R D M CARPENTRY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/O Hillier Hopkins LLP
249 Silbury Boulevard
Milton Keynes
Bucks
MK9 1NA
United Kingdom

The principal place of business is:
The White House
26a Stanley Road
Streatley
Bedfordshire
LU3 3PW
England

These financial statements were authorised for issue by the director on 4 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

R D M CARPENTRY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

R D M CARPENTRY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

R D M CARPENTRY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

32,566

55,847

88,413

Additions

2,007

86,310

88,317

Disposals

-

(55,847)

(55,847)

At 31 May 2024

34,573

86,310

120,883

Depreciation

At 1 June 2023

24,404

25,741

50,145

Charge for the year

2,489

12,233

14,722

Eliminated on disposal

-

(33,268)

(33,268)

At 31 May 2024

26,893

4,706

31,599

Carrying amount

At 31 May 2024

7,680

81,604

89,284

At 31 May 2023

8,162

30,106

38,268

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £0.01 each

200

2

200

2

       

7

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £8,750.00 (2023 - £4,750.00) per each Ordinary share

1,750,000

950,000

 

 
 

R D M CARPENTRY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

8

Related party transactions

 

R D M CARPENTRY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

10,345

9,900

Contributions paid to money purchase schemes

10,000

4,000

20,345

13,900

Summary of transactions with parent

R Murphy Holdings Limited
 During the year the company paid dividends to R Murphy Holdings Limited amounting to £1,750,000 (2023 - £950,000)
 

9

Parent and ultimate parent undertaking

The company's immediate parent is R Murphy Holdings Limited, incorporated in England.

  These financial statements are available upon request from R Murphy Holdings Limited - The white House, 26a Stanley Road, Streatley, LU3 3PW