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REGISTERED NUMBER: 02266224 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

R.M.F. INSTALLATION AND SERVICES LIMITED

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.M.F. INSTALLATION AND SERVICES LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: Mr I A L Jones
Mr S P Middleton
Mrs T L Charlesworth





SECRETARY: Mr S P Middleton





REGISTERED OFFICE: 3 & 4 Pegasus House, Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: 02266224 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 236,268 211,550

CURRENT ASSETS
Stocks 2,789,182 1,696,995
Debtors 5 1,421,362 1,237,627
Cash at bank and in hand 9,341 477,798
4,219,885 3,412,420
CREDITORS
Amounts falling due within one year 6 2,129,984 1,408,047
NET CURRENT ASSETS 2,089,901 2,004,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,326,169

2,215,923

CREDITORS
Amounts falling due after more than one
year

7

(95,867

)

(151,862

)

PROVISIONS FOR LIABILITIES (60,609 ) (32,558 )
NET ASSETS 2,169,693 2,031,503

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,169,593 2,031,403
SHAREHOLDERS' FUNDS 2,169,693 2,031,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

BALANCE SHEET - continued
29 February 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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:




Mr S P Middleton - Director



Mr I A L Jones - Director


R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024


1. STATUTORY INFORMATION

R.M.F. Installation And Services Limited 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.
Short leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 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 28 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 41,963 180,278 102,602
Additions 17,131 5,307 -
Disposals - - -
At 29 February 2024 59,094 185,585 102,602
DEPRECIATION
At 1 March 2023 6,196 137,190 88,904
Charge for year 3,861 11,391 3,526
Eliminated on disposal - - -
At 29 February 2024 10,057 148,581 92,430
NET BOOK VALUE
At 29 February 2024 49,037 37,004 10,172
At 28 February 2023 35,767 43,088 13,698

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 174,036 29,458 528,337
Additions 67,064 3,520 93,022
Disposals (30,591 ) - (30,591 )
At 29 February 2024 210,509 32,978 590,768
DEPRECIATION
At 1 March 2023 71,277 13,220 316,787
Charge for year 23,058 4,481 46,317
Eliminated on disposal (8,604 ) - (8,604 )
At 29 February 2024 85,731 17,701 354,500
NET BOOK VALUE
At 29 February 2024 124,778 15,277 236,268
At 28 February 2023 102,759 16,238 211,550

R.M.F. INSTALLATION AND SERVICES LIMITED (REGISTERED NUMBER: 02266224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,105,353 911,007
Other debtors 316,009 326,620
1,421,362 1,237,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 103,127 50,000
Hire purchase contracts (see note 8) 27,759 26,117
Trade creditors 1,045,535 604,466
Taxation and social security 188,995 98,895
Other creditors 764,568 628,569
2,129,984 1,408,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 62,500 112,500
Hire purchase contracts (see note 8) 33,367 39,362
95,867 151,862

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 27,759 26,117
Between one and five years 33,367 39,362
61,126 65,479

Non-cancellable operating leases
2024 2023
£    £   
In more than five years 2,581,250 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.