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REGISTERED NUMBER: 06023347 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

R & N BUILDING SERVICES (PETT) LIMITED

R & N BUILDING SERVICES (PETT) LIMITED (REGISTERED NUMBER: 06023347)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R & N BUILDING SERVICES (PETT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R White
Mr N White





REGISTERED OFFICE: Greengables
Broadway
Fairlight
Hastings
East Sussex
TN35 4DA





REGISTERED NUMBER: 06023347 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

R & N BUILDING SERVICES (PETT) LIMITED (REGISTERED NUMBER: 06023347)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,483 15,110
11,483 15,110

CURRENT ASSETS
Stocks 500 4,120
Debtors 6 7,867 -
Cash at bank 45,985 40,286
54,352 44,406
CREDITORS
Amounts falling due within one year 7 36,188 34,728
NET CURRENT ASSETS 18,164 9,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,647

24,788

CREDITORS
Amounts falling due after more than one
year

8

(4,766

)

(7,274

)

PROVISIONS FOR LIABILITIES 10 (2,182 ) (2,871 )
NET ASSETS 22,699 14,643

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 22,599 14,543
SHAREHOLDERS' FUNDS 22,699 14,643

R & N BUILDING SERVICES (PETT) LIMITED (REGISTERED NUMBER: 06023347)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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.

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 29 November 2027 and were signed on its behalf by:





Mr N White - Director


R & N BUILDING SERVICES (PETT) LIMITED (REGISTERED NUMBER: 06023347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

R & N Building Services (Pett) 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.

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

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.

R & N BUILDING SERVICES (PETT) LIMITED (REGISTERED NUMBER: 06023347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 23,184
Amortisation
At 1 April 2023
and 31 March 2024 23,184
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 22,215 259 35,843 2,111 60,428
Additions 206 - - 329 535
At 31 March 2024 22,421 259 35,843 2,440 60,963
Depreciation
At 1 April 2023 21,532 259 21,823 1,704 45,318
Charge for year 210 - 3,505 447 4,162
At 31 March 2024 21,742 259 25,328 2,151 49,480
Net book value
At 31 March 2024 679 - 10,515 289 11,483
At 31 March 2023 683 - 14,020 407 15,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,867 -

R & N BUILDING SERVICES (PETT) LIMITED (REGISTERED NUMBER: 06023347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 2,509 2,447
Trade creditors 1,572 1,911
Taxation and social security 3,390 719
Other creditors 28,717 29,651
36,188 34,728

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 4,766 7,274

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,509 2,447

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,766 7,274

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,182 2,871

Deferred
tax
£   
Balance at 1 April 2023 2,871
Provided during year (689 )
Balance at 31 March 2024 2,182

R & N BUILDING SERVICES (PETT) LIMITED (REGISTERED NUMBER: 06023347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary £1 60 60
40 A Ordinary £1 40 40
100 100