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Company registration number: 06006360

R & M Door Engineering Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

R & M Door Engineering Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

R & M Door Engineering Ltd

Company Information

Directors

Mrs J Rigby

Mr M W Rigby

Mrs T A Moore

Mr R D Moore

Company secretary

Mrs J Rigby

Registered office

70 Patterdale Road
Heaviley
Stockport
Cheshire
SK1 4NL

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
R & M Door Engineering Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R & M Door Engineering Ltd for the year ended 31 March 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of R & M Door Engineering Ltd, as a body, in accordance with the terms of our engagement letter dated 3 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of R & M Door Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of R & M Door Engineering Ltd, as a body, in this report in accordance with
the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R & M Door Engineering Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that R & M Door Engineering Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R & M Door Engineering Ltd. You consider that R & M Door Engineering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R & M Door Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

9 October 2024

 

R & M Door Engineering Ltd

(Registration number: 06006360)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

30,976

6,393

Current assets

 

Stocks

56,342

116,930

Debtors

6

115,077

92,149

Cash at bank and in hand

 

9,454

14,657

 

180,873

223,736

Creditors: Amounts falling due within one year

7

(111,755)

(106,894)

Net current assets

 

69,118

116,842

Total assets less current liabilities

 

100,094

123,235

Creditors: Amounts falling due after more than one year

7

(35,964)

(24,577)

Provisions for liabilities

(7,744)

(1,598)

Net assets

 

56,386

97,060

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

55,386

96,060

Shareholders' funds

 

56,386

97,060

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

Directors' 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 directors acknowledge their 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 October 2024 and signed on its behalf by:
 

 

R & M Door Engineering Ltd

(Registration number: 06006360)
Balance Sheet as at 31 March 2024

.........................................
Mr R D Moore
Director

   
     
 

R & M Door Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
70 Patterdale Road
Heaviley
Stockport
Cheshire
SK1 4NL

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 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 financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of goods and services net of value added tax, returns, rebates and discounts. Sales of goods are recognised when the company has delivered the goods to the customer.

Deferred Tax

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

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 statement of financial position at cost, less any subsequent accumulated depreciation.

 

R & M Door Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets.

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. The pension costs charged in the financial statements represent the contributions payable by the company during the year.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

 

R & M Door Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

86,000

86,000

At 31 March 2024

86,000

86,000

Amortisation

At 1 April 2023

86,000

86,000

At 31 March 2024

86,000

86,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

3,908

18,755

22,663

Additions

-

34,912

34,912

At 31 March 2024

3,908

53,667

57,575

Depreciation

At 1 April 2023

3,449

12,821

16,270

Charge for the year

117

10,212

10,329

At 31 March 2024

3,566

23,033

26,599

Carrying amount

At 31 March 2024

342

30,634

30,976

At 31 March 2023

459

5,934

6,393

 

R & M Door Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

debtors

Current

2024
£

2023
£

Trade debtors

96,594

69,902

Other debtors

18,483

22,247

 

115,077

92,149

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10,000

10,000

Trade creditors

 

15,926

22,825

Corporation tax

 

7,123

26,419

Other creditors

 

78,706

47,650

 

111,755

106,894


 

Creditors include overdrafts and net obligaition under finance lease and hire purchase contracts which are secured with fixed and floating charges over the assets of the company amounting to £9,245 (2023 - £3,751).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

35,964

24,577

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £23,525 (2023 - £2,188).

 

R & M Door Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £5,855 (2023 - £21,142). These commitments relate to the minimum lease payments under non-cancellable operating leases.