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REGISTERED NUMBER: 05558339 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Radford Construction Services Limited

Radford Construction Services Limited (Registered number: 05558339)






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


Radford Construction Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Radford
Mrs M Radford





REGISTERED OFFICE: The Old Chapel
Stone Row
Grange Villa
Chester-le-Street
County Durham
DH2 3NA





REGISTERED NUMBER: 05558339 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Radford Construction Services Limited (Registered number: 05558339)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 65,734 10,738
65,734 10,738

CURRENT ASSETS
Stocks 29,244 29,244
Debtors 7 41,198 125,275
Cash at bank and in hand 227,020 335,590
297,462 490,109
CREDITORS
Amounts falling due within one year 8 68,396 99,764
NET CURRENT ASSETS 229,066 390,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,800

401,083

PROVISIONS FOR LIABILITIES 16,433 2,078
NET ASSETS 278,367 399,005

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 278,267 398,905
SHAREHOLDERS' FUNDS 278,367 399,005

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.

Radford Construction Services Limited (Registered number: 05558339)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





Mrs M Radford - Director


Radford Construction Services Limited (Registered number: 05558339)

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

1. STATUTORY INFORMATION

Radford Construction Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.

Turnover is recognised as contracts progress to reflect the company's partial performance of its contractual obligations.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Radford Construction Services Limited (Registered number: 05558339)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Radford Construction Services Limited (Registered number: 05558339)

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

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 102,224 55,480 1,481 159,185
Additions 29,950 40,675 - 70,625
At 31 March 2024 132,174 96,155 1,481 229,810
DEPRECIATION
At 1 April 2023 95,508 51,958 981 148,447
Charge for year 7,343 8,014 272 15,629
At 31 March 2024 102,851 59,972 1,253 164,076
NET BOOK VALUE
At 31 March 2024 29,323 36,183 228 65,734
At 31 March 2023 6,716 3,522 500 10,738

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 48,000
DEPRECIATION
At 1 April 2023 41,281
Charge for year 6,719
At 31 March 2024 48,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 6,719

Radford Construction Services Limited (Registered number: 05558339)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 21,224 114,916
Other debtors 19,974 10,359
41,198 125,275

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 5,846 26,742
Taxation and social security 9,626 23,497
Other creditors 52,924 49,525
68,396 99,764

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Radford
Balance outstanding at start of year - -
Amounts advanced 5,983 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,983 -