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
RM Plumbing & Electrical Ltd
Company Information
for the year ended 31 October 2024
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
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
RM Plumbing & Electrical Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
7,662
10,945
Cash at bank and in hand
76,622
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)
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
RM Plumbing & Electrical Ltd
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
RM Plumbing & Electrical Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,732
5,772
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
98,458
98,390
Loans from directors
-
4,181
8
Deferred taxation
2024
2023
Accelerated capital allowances
1,455
2,079
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
RM Plumbing & Electrical Ltd
Notes to the Accounts
for the year ended 31 October 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).