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REGISTERED NUMBER: 12091360 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

RWS Contracts Ltd

RWS Contracts Ltd (Registered number: 12091360)






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


RWS Contracts Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Bowden
R W Sykes
A S Holmes





REGISTERED OFFICE: RWS House
105 - 109 Effingham Street
Rotherham
South Yorkshire
S65 1BL





REGISTERED NUMBER: 12091360 (England and Wales)

RWS Contracts Ltd (Registered number: 12091360)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,568 2,041

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 24,454 16,623
Cash at bank 74,377 7,079
100,831 25,702
CREDITORS
Amounts falling due within one year 6 58,977 20,755
NET CURRENT ASSETS 41,854 4,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,422

6,988

PROVISIONS FOR LIABILITIES 3,642 510
NET ASSETS 52,780 6,478

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 52,777 6,475
52,780 6,478

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.

RWS Contracts Ltd (Registered number: 12091360)

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 11 November 2024 and were signed on its behalf by:




R W Sykes - Director S Bowden - Director




A S Holmes - Director


RWS Contracts Ltd (Registered number: 12091360)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RWS Contracts 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue in respect of construction contracts is recognised as the company performs its obligations and when the outcome of the transaction can be estimated reliably. The company is able to reliably estimate the outcome of a construction contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.
Where the company renders invoices in advance of work performed, the sale is deferred in the balance sheet as deferred income and is presented within creditors falling due within one year until the revenue recognition criteria in FRS 102, Section 23 Revenue is met.

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 etc - 33% on cost and 25% on reducing balance

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.

RWS Contracts Ltd (Registered number: 12091360)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,099
Additions 14,749
At 31 March 2024 16,848
DEPRECIATION
At 1 April 2023 58
Charge for year 2,222
At 31 March 2024 2,280
NET BOOK VALUE
At 31 March 2024 14,568
At 31 March 2023 2,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,200 4,887
Amounts recoverable on
contracts 2,711 -
Other debtors 5,543 11,736
24,454 16,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,280 2,555
Taxation and social security 25,792 4,210
Other creditors 3,905 13,990
58,977 20,755

RWS Contracts Ltd (Registered number: 12091360)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES

RWS (Plastering & Dry Lining) Ltd

A company in which Mr R Sykes and Mr S Bowden are directors

Monies were loaned from this company on an interest free basis.

The balance owing and reflected in current liabilities at 31st March 2024: £Nil, (2023: £12,990).

8. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.