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REGISTERED NUMBER: 13968602 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Rhodes Mechanical Limited

Rhodes Mechanical Limited (Registered number: 13968602)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Rhodes Mechanical Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: D Rhodes





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 13968602 (England and Wales)






Rhodes Mechanical Limited (Registered number: 13968602)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,663 8,670

CURRENT ASSETS
Debtors 5 59,490 22,914
Cash at bank 5,284 -
64,774 22,914
CREDITORS
Amounts falling due within one year 6 (46,942 ) (29,873 )
NET CURRENT ASSETS/(LIABILITIES) 17,832 (6,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,495

1,711

PROVISIONS FOR LIABILITIES 7 (2,786 ) (1,647 )
NET ASSETS 29,709 64

RESERVES
Retained earnings 29,709 64
29,709 64

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 director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 December 2024 and were signed by:



D Rhodes - Director


Rhodes Mechanical Limited (Registered number: 13968602)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Rhodes Mechanical Limited ('The Company') is primarily engaged in the provision of services in the construction industry.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


Rhodes Mechanical Limited (Registered number: 13968602)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,567 9,995 - 11,562
Additions 1,463 8,000 1,598 11,061
At 31 March 2024 3,030 17,995 1,598 22,623
DEPRECIATION
At 1 April 2023 393 2,499 - 2,892
Charge for year 661 3,874 533 5,068
At 31 March 2024 1,054 6,373 533 7,960
NET BOOK VALUE
At 31 March 2024 1,976 11,622 1,065 14,663
At 31 March 2023 1,174 7,496 - 8,670

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,194 -
Other debtors 20,296 22,914
59,490 22,914

Rhodes Mechanical Limited (Registered number: 13968602)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3,091
Trade creditors 15,887 219
Taxation and social security 11,665 -
Other creditors 19,390 26,563
46,942 29,873

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,786 1,647

Deferred
tax
£   
Balance at 1 April 2023 1,647
Provided during year 1,139
Balance at 31 March 2024 2,786