IRIS Accounts Production v24.3.0.553 05439824 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054398242023-03-31054398242024-03-31054398242023-04-012024-03-31054398242022-03-31054398242022-04-012023-03-31054398242023-03-3105439824ns15:EnglandWales2023-04-012024-03-3105439824ns14:PoundSterling2023-04-012024-03-3105439824ns10:Director12023-04-012024-03-3105439824ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105439824ns10:SmallEntities2023-04-012024-03-3105439824ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105439824ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105439824ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105439824ns10:FullAccounts2023-04-012024-03-3105439824ns10:Director22023-04-012024-03-3105439824ns10:RegisteredOffice2023-04-012024-03-3105439824ns5:CurrentFinancialInstruments2024-03-3105439824ns5:CurrentFinancialInstruments2023-03-3105439824ns5:Non-currentFinancialInstruments2024-03-3105439824ns5:Non-currentFinancialInstruments2023-03-3105439824ns5:ShareCapital2024-03-3105439824ns5:ShareCapital2023-03-3105439824ns5:RetainedEarningsAccumulatedLosses2024-03-3105439824ns5:RetainedEarningsAccumulatedLosses2023-03-3105439824ns5:PlantMachinery2023-04-012024-03-3105439824ns5:FurnitureFittings2023-04-012024-03-3105439824ns5:MotorVehicles2023-04-012024-03-3105439824ns5:ComputerEquipment2023-04-012024-03-3105439824ns5:PlantMachinery2023-03-3105439824ns5:FurnitureFittings2023-03-3105439824ns5:MotorVehicles2023-03-3105439824ns5:ComputerEquipment2023-03-3105439824ns5:PlantMachinery2024-03-3105439824ns5:FurnitureFittings2024-03-3105439824ns5:MotorVehicles2024-03-3105439824ns5:ComputerEquipment2024-03-3105439824ns5:PlantMachinery2023-03-3105439824ns5:FurnitureFittings2023-03-3105439824ns5:MotorVehicles2023-03-3105439824ns5:ComputerEquipment2023-03-3105439824ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105439824ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3105439824ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3105439824ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3105439824ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3105439824ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3105439824ns5:WithinOneYear2024-03-3105439824ns5:WithinOneYear2023-03-3105439824ns5:BetweenOneFiveYears2024-03-3105439824ns5:BetweenOneFiveYears2023-03-3105439824ns5:AllPeriods2024-03-3105439824ns5:AllPeriods2023-03-3105439824ns5:DeferredTaxation2023-03-3105439824ns5:DeferredTaxation2024-03-31054398241ns10:Director12023-03-31054398241ns10:Director12022-03-31054398241ns10:Director12023-04-012024-03-31054398241ns10:Director12022-04-012023-03-31054398241ns10:Director12024-03-31054398241ns10:Director12023-03-31
















RB FLOORING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RB FLOORING LTD (REGISTERED NUMBER: 05439824)






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


RB FLOORING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Brudz
S M Smith





REGISTERED OFFICE: Unit 10 Corsham Commercial Centre
Corsham
Wiltshire
SN13 9RH





REGISTERED NUMBER: 05439824 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

RB FLOORING LTD (REGISTERED NUMBER: 05439824)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,248 31,599

CURRENT ASSETS
Stocks 5 35,000 30,000
Debtors 6 420,613 422,686
Prepayments and accrued income 11,232 9,857
Cash at bank and in hand 18,384 10
485,229 462,553
CREDITORS
Amounts falling due within one year 7 331,003 343,717
NET CURRENT ASSETS 154,226 118,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,474

150,435

CREDITORS
Amounts falling due after more than one
year

8

(19,062

)

(29,097

)

PROVISIONS FOR LIABILITIES 10 (8,812 ) (7,584 )

ACCRUALS AND DEFERRED INCOME (11,555 ) (10,352 )
NET ASSETS 150,045 103,402

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 148,045 101,402
SHAREHOLDERS' FUNDS 150,045 103,402

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 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.

RB FLOORING LTD (REGISTERED NUMBER: 05439824)

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 Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





R Brudz - Director


RB FLOORING LTD (REGISTERED NUMBER: 05439824)

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

1. STATUTORY INFORMATION

RB Flooring 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 represents the value of services provided under contracts to the extent that there is a right to consideration.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of services provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance from customers, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RB FLOORING LTD (REGISTERED NUMBER: 05439824)

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 17 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 83,548 2,687 7,125 6,639 99,999
Additions 3,021 2,105 7,075 544 12,745
At 31 March 2024 86,569 4,792 14,200 7,183 112,744
DEPRECIATION
At 1 April 2023 62,113 1,631 297 4,359 68,400
Charge for year 5,669 651 1,854 922 9,096
At 31 March 2024 67,782 2,282 2,151 5,281 77,496
NET BOOK VALUE
At 31 March 2024 18,787 2,510 12,049 1,902 35,248
At 31 March 2023 21,435 1,056 6,828 2,280 31,599

5. STOCKS
2024 2023
£    £   
Stock & work in progress 35,000 30,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,995 260,033
Amounts recoverable on contract 168,821 59,860
Other debtors 86,627 73,992
Directors' current accounts 6,804 5,508
Tax 4,054 3,617
VAT 20,312 19,676
420,613 422,686

RB FLOORING LTD (REGISTERED NUMBER: 05439824)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,035 30,919
Trade creditors 238,755 244,264
Tax 48,317 32,533
Social security and other taxes 26,676 27,241
Other creditors 5,686 5,199
Credit Cards 1,534 3,561
331,003 343,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,289 10,035
Bank loans - 2-5 years 8,773 19,062
19,062 29,097

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 47,192 37,226
Between one and five years 75,789 51,856
122,981 89,082

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,812 7,584

Deferred
tax
£   
Balance at 1 April 2023 7,584
Accelerated capital allowances 1,228
Balance at 31 March 2024 8,812

RB FLOORING LTD (REGISTERED NUMBER: 05439824)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
R Brudz
Balance outstanding at start of year 5,507 4,065
Amounts advanced 1,297 1,442
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,804 5,507

Mrs K Brudz
Balance outstanding at start of year - 4,065
Amounts repaid - (4,065 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY DISCLOSURES

Included in other debtors is a loan due from Mrs K Brudz totalling £6,804. There is no interest payable on this balance and is repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is R Brudz.