2023-01-012023-12-312023-12-31false13807750RMC PLUMBING AND HEATING 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RMC PLUMBING AND HEATING LTD

Registered Number
13807750
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RMC PLUMBING AND HEATING LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

COCHRANE, Milo Franz George
REED, Edward Dominic

Registered Address

6 Nottingham Science & Technology Park
Nottingham
NG7 2RF

Registered Number

13807750 (England and Wales)
RMC PLUMBING AND HEATING LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets311,070-
Tangible assets4872-
11,942-
Current assets
Debtors56,797-
Cash at bank and on hand21,72616,354
28,52316,354
Creditors amounts falling due within one year6(39,699)(12,311)
Net current assets (liabilities)(11,176)4,043
Total assets less current liabilities7664,043
Net assets7664,043
Capital and reserves
Called up share capital22
Profit and loss account7644,041
Shareholders' funds7664,043
The financial statements were approved and authorised for issue by the Board of Directors on 23 August 2024, and are signed on its behalf by:
COCHRANE, Milo Franz George
Director
Registered Company No. 13807750
RMC PLUMBING AND HEATING LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Amortisation is charged on a 10% straight line basis.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Office Equipment-25
2.Average number of employees

20232022
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions12,30012,300
At 31 December 2312,30012,300
Amortisation and impairment
Charge for year1,2301,230
At 31 December 231,2301,230
Net book value
At 31 December 2311,07011,070
At 31 December 22--
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
Additions665266931
At 31 December 23665266931
Depreciation and impairment
Charge for year372259
At 31 December 23372259
Net book value
At 31 December 23628244872
At 31 December 22---
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables4,251-
Amounts owed by associates and joint ventures / participating interests2-
Other debtors2,544-
Total6,797-
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables9,023-
Amounts owed to related parties15,555-
Taxation and social security15,12111,783
Accrued liabilities and deferred income-528
Total39,69912,311
7.Operating lease commitments
At 30/12/2023 (Company year end), the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £12415
8.Related party transactions
During the year interest free loans were made available to the business by directors c/f £15555 (2022: £0)