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REGISTERED NUMBER: 07121906 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

R F R CONTRACTORS LIMITED

R F R CONTRACTORS LIMITED (REGISTERED NUMBER: 07121906)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


R F R CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr P Rann
Mr V Farmer
Mr C M Richards





REGISTERED OFFICE: Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH





REGISTERED NUMBER: 07121906 (England and Wales)





ACCOUNTANTS: Poole Waterfield Limited
Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH

R F R CONTRACTORS LIMITED (REGISTERED NUMBER: 07121906)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,333 26,667
Tangible assets 5 24,768 26,227
38,101 52,894

CURRENT ASSETS
Stocks and Work in progress 816,843 114,231
Debtors 6 4,977 51,222
Cash at bank 55,986 402,140
877,806 567,593
CREDITORS
Amounts falling due within one year 7 612,704 141,225
NET CURRENT ASSETS 265,102 426,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,203

479,262

PROVISIONS FOR LIABILITIES - 6,102
NET ASSETS 303,203 473,160

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 303,103 473,060
SHAREHOLDERS' FUNDS 303,203 473,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 F R CONTRACTORS LIMITED (REGISTERED NUMBER: 07121906)

BALANCE SHEET - continued
31 JANUARY 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 31 October 2024 and were signed on its behalf by:





Mr P Rann - Director


R F R CONTRACTORS LIMITED (REGISTERED NUMBER: 07121906)

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

1. STATUTORY INFORMATION

R F R Contractors 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 represents net invoiced sales of goods and services, excluding Value Added Tax.

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.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 F R CONTRACTORS LIMITED (REGISTERED NUMBER: 07121906)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.The directors are satisfied that the period over which goodwill is being amortised reflects a reasonable estimate of its useful life.

Stock and work in progress
Stock and work in progress is represented by the cost of development properties unsold at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 200,000
AMORTISATION
At 1 February 2023 173,333
Amortisation for year 13,334
At 31 January 2024 186,667
NET BOOK VALUE
At 31 January 2024 13,333
At 31 January 2023 26,667

R F R CONTRACTORS LIMITED (REGISTERED NUMBER: 07121906)

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 54,805 1,624 56,429
Additions 6,500 - 6,500
Disposals (11,825 ) - (11,825 )
At 31 January 2024 49,480 1,624 51,104
DEPRECIATION
At 1 February 2023 28,799 1,403 30,202
Charge for year 6,191 221 6,412
Eliminated on disposal (10,278 ) - (10,278 )
At 31 January 2024 24,712 1,624 26,336
NET BOOK VALUE
At 31 January 2024 24,768 - 24,768
At 31 January 2023 26,006 221 26,227

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 18,230
DEPRECIATION
At 1 February 2023 10,763
Charge for year 1,493
At 31 January 2024 12,256
NET BOOK VALUE
At 31 January 2024 5,974
At 31 January 2023 7,467

R F R CONTRACTORS LIMITED (REGISTERED NUMBER: 07121906)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 6,070
Other debtors 4,977 45,152
4,977 51,222

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 1,064
Trade creditors 115,472 101,915
Taxation and social security 29,938 13,641
Other creditors 467,294 24,605
612,704 141,225

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts - 1,064

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 1.1.23
Value: £    £   
55 A Shares £1 55 55
35 B Shares £1 35 35
10 C Shares £1 10 10
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The total of the balances due to and from the company by specific member of the board of directors is disclosed in notes 8 and 9. Advances during the year were £39,960 (2023 - £265,830.) and credits were £490,222 (2023 - £277,570.).

The balances are unsecured and interest free.