Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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15,870 | 24,180 | |||
Current assets | ||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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1,391,552 | 1,116,452 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 34,602 | 55,388 | ||
Total assets less current liabilities | 50,472 | 79,568 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of R & K Building Limited (registered number:
R K Trott
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
R & K Building Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Haywards Lane, Chelston, Wellington, TA21 9FD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Plant and machinery |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2023 |
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At 31 May 2024 |
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Accumulated depreciation | |||
At 01 June 2023 |
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Charge for the financial year |
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At 31 May 2024 |
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Net book value | |||
At 31 May 2024 |
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At 31 May 2023 |
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2024 | 2023 | ||
£ | £ | ||
Work in progress |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by associates |
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Corporation tax |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to associates |
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Taxation and social security |
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Other creditors |
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Marshwood Homes Limited is a company under common control and ownership. At the year end the company was owed £nil (2023 - £28,412) from Marshwood Homes Limited.
SRK Scaffolding and Industrial Services Ltd is a company under common control and ownership. At the year end the company owed £337,077 (2023 - £51,636) to SRK Scaffolding and Industrial Services Ltd.
Bramleys Property Investments Limited is a company under common control and ownership. At the year end the company was owed £125,000 (2023 - £125,000) from Bramleys Property Investments Limited.
Mayfield Property Investments Limited is a company under common control and ownership. At the year end the company was owed £125,000 (2023 - £125,000) from Mayfield Property Investments Limited.
Trottco Limited is a company under common control and ownership. At the year end the company owed £502,000 (2023 - £502,000) to Trottco Limited.