1 November 2023 false Taxfiler 2024.6 07842110business:PrivateLimitedCompanyLtd2023-11-012024-10-31 078421102023-10-31 078421102023-11-012024-10-31 07842110business:AuditExemptWithAccountantsReport2023-11-012024-10-31 07842110business:FilletedAccounts2023-11-012024-10-31 078421102024-10-31 07842110business:Director12023-11-012024-10-31 07842110business:RegisteredOffice2023-11-012024-10-31 078421102023-10-31 07842110core:WithinOneYear2024-10-31 07842110core:WithinOneYear2023-10-31 07842110core:AfterOneYear2024-10-31 07842110core:AfterOneYear2023-10-31 07842110core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 07842110core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 07842110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 07842110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 07842110core:PreviouslyStatedAmount2024-10-31 07842110core:PreviouslyStatedAmount2023-10-31 07842110business:SmallEntities2023-11-012024-10-31 07842110countries:EnglandWales2023-11-012024-10-31 07842110core:PlantMachinery2023-11-012024-10-31 07842110core:PlantMachinery2023-10-31 07842110core:PlantMachinery2024-10-31 07842110core:AcceleratedTaxDepreciationDeferredTax2024-10-31 07842110core:AcceleratedTaxDepreciationDeferredTax2023-10-31 078421102022-10-31 078421102022-11-012023-10-31 07842110business:OrdinaryShareClass12023-11-012024-10-31 07842110business:OrdinaryShareClass12022-11-012023-10-31 07842110business:Director112023-11-012024-10-31 07842110business:Director112023-10-31 07842110business:Director112024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07842110 (England and Wales)
RM Plumbing & Electrical Ltd Unaudited accounts for the year ended 31 October 2024
RM Plumbing & Electrical Ltd Unaudited accounts Contents
Page
- 2 -
RM Plumbing & Electrical Ltd Company Information for the year ended 31 October 2024
Director
Ryan Murch
Company Number
07842110 (England and Wales)
Registered Office
7 HERBERT TERRACE PENARTH CF64 2AH WALES
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of RM Plumbing & Electrical Ltd for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RM Plumbing & Electrical Ltd for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 12 November 2024
- 4 -
RM Plumbing & Electrical Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,662 
10,945 
Current assets
Debtors
21,500 
- 
Cash at bank and in hand
76,622 
107,684 
98,122 
107,684 
Creditors: amounts falling due within one year
(3,172)
(7,254)
Net current assets
94,950 
100,430 
Total assets less current liabilities
102,612 
111,375 
Creditors: amounts falling due after more than one year
(98,458)
(102,571)
Provisions for liabilities
Deferred tax
(1,455)
(2,079)
Net assets
2,699 
6,725 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,599 
6,625 
Shareholders' funds
2,699 
6,725 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2024 and were signed on its behalf by
Ryan Murch Director Company Registration No. 07842110
- 5 -
RM Plumbing & Electrical Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
RM Plumbing & Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 07842110. The registered office is 7 HERBERT TERRACE, PENARTH, CF64 2AH, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years - straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
RM Plumbing & Electrical Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
16,417 
At 31 October 2024
16,417 
Depreciation
At 1 November 2023
5,472 
Charge for the year
3,283 
At 31 October 2024
8,755 
Net book value
At 31 October 2024
7,662 
At 31 October 2023
10,945 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
21,500 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,732 
5,772 
Accruals
1,440 
1,482 
3,172 
7,254 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
98,458 
98,390 
Loans from directors
- 
4,181 
98,458 
102,571 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,455 
2,079 
2024 
2023 
£ 
£ 
Provision at start of year
2,079 
2,703 
Credited to the profit and loss account
(624)
(624)
Provision at end of year
1,455 
2,079 
- 7 -
RM Plumbing & Electrical Ltd Notes to the Accounts for the year ended 31 October 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ryan Murch
General Loan
(4,181)
30,149 
17,968 
8,000 
(4,181)
30,149 
17,968 
8,000 
The balance represents an interest free loan that is repayable to the company on demand.
11
Transactions with related parties
At the end of the financial year under review - UK Local Properties Ltd (15080617), a company under common control, owed the company £13,500 (2023: £nil). - the company owed LocalTradeUK Ltd (14169791), a company under common control, an amount of £98,458 (2023: £98,390).
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 8 -