Acorah Software Products - Accounts Production 15.0.600 false true false 1 February 2023 31 January 2024 31 January 2024 14611612 Mr Peter Varley Mr RICHARD VARLEY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14611612 2023-01-31 14611612 2024-01-31 14611612 2023-02-01 2024-01-31 14611612 frs-core:CurrentFinancialInstruments 2024-01-31 14611612 frs-core:Non-currentFinancialInstruments 2024-01-31 14611612 frs-core:MotorVehicles 2024-01-31 14611612 frs-core:MotorVehicles 2023-02-01 2024-01-31 14611612 frs-core:MotorVehicles 2023-01-31 14611612 frs-core:ShareCapital 2024-01-31 14611612 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14611612 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 14611612 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 14611612 frs-bus:SmallEntities 2023-02-01 2024-01-31 14611612 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 14611612 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 14611612 frs-bus:Director1 2023-02-01 2024-01-31 14611612 frs-bus:Director2 2023-02-01 2024-01-31 14611612 frs-countries:EnglandWales 2023-02-01 2024-01-31
Registered number: 14611612
RPV CONTRACTORS LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2024
KSR Accountants
Institute of Financial Accountants
The Old Buttermarket
Market Place
Tuxford
Newark
NG22 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14611612
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 15,570
15,570
CURRENT ASSETS
Debtors 5 58,316
Cash at bank and in hand 11,934
70,250
Creditors: Amounts Falling Due Within One Year 6 (13,488 )
NET CURRENT ASSETS (LIABILITIES) 56,762
TOTAL ASSETS LESS CURRENT LIABILITIES 72,332
Creditors: Amounts Falling Due After More Than One Year 7 (6,154 )
NET ASSETS 66,178
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account 66,078
SHAREHOLDERS' FUNDS 66,178
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Varley
Director
Mr RICHARD VARLEY
Director
26th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RPV CONTRACTORS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14611612 . The registered office is 118 Brook Hill, Thorpe Hesley, Rotherham, S61 2PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
25Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2023 -
Additions 20,760
As at 31 January 2024 20,760
Depreciation
As at 1 February 2023 -
Provided during the period 5,190
As at 31 January 2024 5,190
Net Book Value
As at 31 January 2024 15,570
As at 1 February 2023 -
5. Debtors
2024
£
Due within one year
Other debtors 58,316
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 700
Taxation and social security 12,788
13,488
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Other creditors 6,154
8. Share Capital
2024
£
Called Up Share Capital not Paid 100
Amount of Allotted, Called Up Share Capital 100
Page 4