Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-02-27false60truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14691673 2023-02-26 14691673 2023-02-27 2024-03-31 14691673 2022-02-27 2023-02-26 14691673 2024-03-31 14691673 c:Director1 2023-02-27 2024-03-31 14691673 d:Buildings d:ShortLeaseholdAssets 2023-02-27 2024-03-31 14691673 d:Buildings d:ShortLeaseholdAssets 2024-03-31 14691673 d:PlantMachinery 2023-02-27 2024-03-31 14691673 d:PlantMachinery 2024-03-31 14691673 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-27 2024-03-31 14691673 d:FurnitureFittings 2023-02-27 2024-03-31 14691673 d:FurnitureFittings 2024-03-31 14691673 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-27 2024-03-31 14691673 d:OfficeEquipment 2023-02-27 2024-03-31 14691673 d:OfficeEquipment 2024-03-31 14691673 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-27 2024-03-31 14691673 d:ComputerEquipment 2023-02-27 2024-03-31 14691673 d:OwnedOrFreeholdAssets 2023-02-27 2024-03-31 14691673 d:CurrentFinancialInstruments 2024-03-31 14691673 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14691673 d:ShareCapital 2024-03-31 14691673 d:RetainedEarningsAccumulatedLosses 2024-03-31 14691673 c:OrdinaryShareClass1 2023-02-27 2024-03-31 14691673 c:OrdinaryShareClass1 2024-03-31 14691673 c:FRS102 2023-02-27 2024-03-31 14691673 c:AuditExempt-NoAccountantsReport 2023-02-27 2024-03-31 14691673 c:FullAccounts 2023-02-27 2024-03-31 14691673 c:PrivateLimitedCompanyLtd 2023-02-27 2024-03-31 14691673 d:WithinOneYear 2024-03-31 14691673 e:PoundSterling 2023-02-27 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14691673









R.P.I. ENGINEERING LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD 27 FEBRUARY 2023 TO 31 MARCH 2024

 
R.P.I. ENGINEERING LIMITED
REGISTERED NUMBER: 14691673

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 5 
26,199

  
26,199

Current assets
  

Stocks
  
11,890

Debtors: amounts falling due within one year
 6 
11,030

Cash at bank and in hand
 7 
11,430

  
34,350

Creditors: amounts falling due within one year
 8 
(129,779)

Net current (liabilities)/assets
  
 
 
(95,429)

Total assets less current liabilities
  
(69,230)

  

Net (liabilities)/assets
  
(69,230)


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
(69,330)

  
(69,230)

Page 1

 
R.P.I. ENGINEERING LIMITED
REGISTERED NUMBER: 14691673

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 November 2024.




C T Crane
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
R.P.I. ENGINEERING LIMITED
 

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

1.


General information

R.P.I. Engineering  Limited is a private company limited by shares, incorporated in England and Wales on 27 February 2023, with a company registration number of 14691673. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director of the company has indicated that the company will cease trading in 2024 after honouring current customer work. For this reason, the company has adopted a basis other than going concern accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
R.P.I. ENGINEERING LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Short-term leasehold improvements
-
straightline over 10 years
Plant and equipment
-
15% reducing balance basis
Fixtures and fittings
-
15% reducing balance basis
Computer equipment
-
straightline over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
R.P.I. ENGINEERING LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the period was 6.


4.


Factors affecting future tax charges

The company has tax losses carried forward of £68,584 available to use against future trading profits.

Page 5

 
R.P.I. ENGINEERING LIMITED
 

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

5.


Tangible fixed assets





Short-term leasehold property improvement
Plant and equipment
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


Additions
750
18,500
11,500
1,000
31,750



At 31 March 2024

750
18,500
11,500
1,000
31,750



Depreciation


Charge for the period on owned assets
75
2,756
1,721
999
5,551



At 31 March 2024

75
2,756
1,721
999
5,551



Net book value



At 31 March 2024
675
15,744
9,779
1
26,199


6.


Debtors

2024
£


Trade debtors
1,036

Amounts owed by associated company
9,994

11,030



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
11,430


Page 6

 
R.P.I. ENGINEERING LIMITED
 

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

8.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
32,525

Other taxation and social security
6,359

Other creditors
65,489

Accruals and deferred income
25,406

129,779



9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


The company issued 100 ordinary £1 shares on incorporation on 27 February 2023.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,314. Contributions totalling £67 were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
3,898


Page 7