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REGISTERED NUMBER: 12689044 (England and Wales)

























Financial Statements

for the Year Ended 30 June 2024

for

R2 Consulting and Contracting Ltd

R2 Consulting and Contracting Ltd (Registered number: 12689044)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R2 Consulting and Contracting Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G Turner
Mrs V Turner





REGISTERED OFFICE: Woodslea Crossing Lane
Langley Burrell
Chippenham
Wiltshire
SN154LL





REGISTERED NUMBER: 12689044 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

R2 Consulting and Contracting Ltd (Registered number: 12689044)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,063,544 938,009

CURRENT ASSETS
Debtors 5 454,795 409,132
Cash at bank 72,303 7,609
527,098 416,741
CREDITORS
Amounts falling due within one year 6 315,815 250,410
NET CURRENT ASSETS 211,283 166,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,274,827

1,104,340

CREDITORS
Amounts falling due after more than one
year

7

(649,024

)

(516,633

)

PROVISIONS FOR LIABILITIES (228,744 ) (158,118 )
NET ASSETS 397,059 429,589

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 396,959 429,489
SHAREHOLDERS' FUNDS 397,059 429,589

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

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

R2 Consulting and Contracting Ltd (Registered number: 12689044)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




G Turner - Director



Mrs V Turner - Director


R2 Consulting and Contracting Ltd (Registered number: 12689044)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

R2 Consulting and Contracting Ltd 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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goofs and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing agreement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Plant & Machinery - 25% Reducing balance
Furniture & fittings - 25% Reducing balance
Motor vehicle - 25% Reducing balance
Computer equipment - 33% Reducing balance

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.


R2 Consulting and Contracting Ltd (Registered number: 12689044)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 10 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,243,171
Additions 588,766
Disposals (138,155 )
At 30 June 2024 1,693,782
DEPRECIATION
At 1 July 2023 305,162
Charge for year 355,120
Eliminated on disposal (30,044 )
At 30 June 2024 630,238
NET BOOK VALUE
At 30 June 2024 1,063,544
At 30 June 2023 938,009

R2 Consulting and Contracting Ltd (Registered number: 12689044)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 324,964 200,490
Other debtors 129,831 208,642
454,795 409,132

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 29,491 47,903
Other creditors 286,324 202,507
315,815 250,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 649,024 516,633

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 3,200 3,200