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REGISTERED NUMBER: 07554424 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RM BUILDERS (ROMFORD) LTD

RM BUILDERS (ROMFORD) LTD (REGISTERED NUMBER: 07554424)

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


RM BUILDERS (ROMFORD) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R Meekcoms





REGISTERED OFFICE: 467 Rainham Road South
Dagenham
Essex
RM10 7XJ





REGISTERED NUMBER: 07554424 (England and Wales)





ACCOUNTANTS: Pickering Evennett Limited
467 Rainham Road South
Dagenham
Essex
RM10 7XJ

RM BUILDERS (ROMFORD) LTD (REGISTERED NUMBER: 07554424)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,840 7,091

CURRENT ASSETS
Debtors 5 45,568 40,052
Cash at bank and in hand 8,062 41,869
53,630 81,921
CREDITORS
Amounts falling due within one year 6 34,200 48,225
NET CURRENT ASSETS 19,430 33,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,270

40,787

CREDITORS
Amounts falling due after more than one
year

7

-

(3,466

)

PROVISIONS FOR LIABILITIES (1,110 ) (1,347 )
NET ASSETS 24,160 35,974

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 23,160 34,974
SHAREHOLDERS' FUNDS 24,160 35,974

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 director acknowledges his 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.

RM BUILDERS (ROMFORD) LTD (REGISTERED NUMBER: 07554424)

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 director and authorised for issue on 16 September 2024 and were signed by:





R Meekcoms - Director


RM BUILDERS (ROMFORD) LTD (REGISTERED NUMBER: 07554424)

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


1. STATUTORY INFORMATION

RM Builders (Romford) Ltd 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.

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

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

RM BUILDERS (ROMFORD) LTD (REGISTERED NUMBER: 07554424)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,804 17,968 1,466 23,238
Additions - - 695 695
At 31 March 2024 3,804 17,968 2,161 23,933
DEPRECIATION
At 1 April 2023 2,872 12,283 992 16,147
Charge for year 233 1,421 292 1,946
At 31 March 2024 3,105 13,704 1,284 18,093
NET BOOK VALUE
At 31 March 2024 699 4,264 877 5,840
At 31 March 2023 932 5,685 474 7,091

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 17,968
DEPRECIATION
At 1 April 2023 12,283
Charge for year 1,421
At 31 March 2024 13,704
NET BOOK VALUE
At 31 March 2024 4,264
At 31 March 2023 5,685

RM BUILDERS (ROMFORD) LTD (REGISTERED NUMBER: 07554424)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contract 15,469 10,463
Directors' current accounts 5,982 -
Tax 14,508 14,508
VAT 9,579 15,051
Prepayments 30 30
45,568 40,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,466 2,241
Trade creditors 23,157 25,607
Tax 5,792 9,624
Social security and other taxes 1,600 10,111
Directors' current accounts - 407
Accrued expenses 185 235
34,200 48,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 3,466

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 3,466 5,707

RM BUILDERS (ROMFORD) LTD (REGISTERED NUMBER: 07554424)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R Meekcoms
Balance outstanding at start of year (407 ) (21 )
Amounts advanced 54,889 36,322
Amounts repaid (48,500 ) (36,708 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,982 (407 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Meekcoms.