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REGISTERED NUMBER: 04382505 (England and Wales)















RLP PAINTING CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024






RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RLP PAINTING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A R Parkin





REGISTERED OFFICE: Unit 1
Grange Lane
Balby
Doncaster
South Yorkshire
DN4 9BB





REGISTERED NUMBER: 04382505 (England and Wales)






RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 255,102 242,296
Investment property 5 275,000 335,671
530,102 577,967

CURRENT ASSETS
Debtors 6 179,751 285,521
Cash at bank 18,845 1,839
198,596 287,360
CREDITORS
Amounts falling due within one year 7 191,702 294,831
NET CURRENT ASSETS/(LIABILITIES) 6,894 (7,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,996

570,496

CREDITORS
Amounts falling due after more than one
year

8

(66,607

)

(125,074

)

PROVISIONS FOR LIABILITIES (8,766 ) (12,268 )
NET ASSETS 461,623 433,154

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 8,250 -
Retained earnings 452,373 432,154
SHAREHOLDERS' FUNDS 461,623 433,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 11 November 2024 and were signed by:





A R Parkin - Director


RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

RLP Painting Contractors Limited 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at cost. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

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.

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 190,908 238,690 429,598
Additions - 35,329 35,329
Disposals - (53,009 ) (53,009 )
Revaluations 11,000 - 11,000
At 30 April 2024 201,908 221,010 422,918
DEPRECIATION
At 1 May 2023 15,273 172,029 187,302
Charge for year - 16,971 16,971
Eliminated on disposal - (21,184 ) (21,184 )
Revaluation adjustments (15,273 ) - (15,273 )
At 30 April 2024 - 167,816 167,816
NET BOOK VALUE
At 30 April 2024 201,908 53,194 255,102
At 30 April 2023 175,635 66,661 242,296

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 11,000 - 11,000
Cost 190,908 221,010 411,918
201,908 221,010 422,918

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 190,908 190,908

Value of land in freehold land and buildings 201,908 190,908

Freehold land and buildings were valued on an open market basis on 12 February 2024 by Eddisons. .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 May 2023 87,975
Transfer to ownership (87,975 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 52,021
Charge for year 8,989
Transfer to ownership (61,010 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 35,954

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2023 335,671
Revaluations (60,671 )
At 30 April 2024 275,000
NET BOOK VALUE
At 30 April 2024 275,000
At 30 April 2023 335,671

Cost or valuation at 30 April 2024 is represented by:
£   
Valuation in 2024 275,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 341,711 341,711

Investment property was valued on an open market basis on 12 February 2024 by Eddisons. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 177,377 276,459
Other debtors 2,374 9,062
179,751 285,521

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,952 178,750
Hire purchase contracts - 12,000
Trade creditors 20,957 30,786
Amounts owed to group undertakings 5,606 -
Taxation and social security 92,107 32,358
Other creditors 11,080 40,937
191,702 294,831

RLP PAINTING CONTRACTORS LIMITED (REGISTERED NUMBER: 04382505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 66,607 117,984
Hire purchase contracts - 7,090
66,607 125,074

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,470 11,629

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 113,081 157,354
Hire purchase contracts - 19,090
113,081 176,444

The bank loan is secured by way of legal mortgage over various company assets.

The HP liability is secured over various motor vehicles.