Registered number
NI627465
RPM Block Machines Limited
Report and Financial Statements for the year ended
31 March 2024
RPM Block Machines Limited
Company Information
Directors
Peter Robinson
Rachel Robinson
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
Registered office
8 Annaloughan Road
Augher
Co Tyrone
BT77 0BW
Registered number
NI627465
RPM Block Machines Limited
Registered number: NI627465
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 96,121 54,721
Current assets
Stocks 49,314 37,593
Debtors 4 49,212 46,884
Cash at bank and in hand 457,849 414,951
556,375 499,428
Creditors: amounts falling due within one year 5 (75,178) (47,652)
Net current assets 481,197 451,776
Total assets less current liabilities 577,318 506,497
Creditors: amounts falling due after more than one year 6 (16,024) (26,792)
Provisions for liabilities 7 (18,263) (10,397)
Net assets 543,031 469,308
Capital and reserves
Called up, issued and fully paid share capital 100 100
Profit and loss account 542,931 469,208
Shareholders' funds 9 543,031 469,308
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.
The notes on pages 6 to 9 form an integral part of the accounts.
Peter Robinson
Director
Approved by the board on 7 October 2024
RPM Block Machines Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in UK Sterling pounds (£)
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Government grants
Grants are recognised using the accruals basis. Capital grants received and receivable are treated as deferred income and amortised to the profit and loss account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the profit and loss account in the period in which they become receivable.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 60,596 47,982 108,578
Additions 53,479 23,815 77,294
Disposals - (22,200) (22,200)
At 31 March 2024 114,075 49,597 163,672
Depreciation
At 1 April 2023 35,302 18,555 53,857
Charge for the year 16,153 8,375 24,528
On disposals - (10,834) (10,834)
At 31 March 2024 51,455 16,096 67,551
Net book value
At 31 March 2024 62,620 33,501 96,121
At 31 March 2023 25,294 29,427 54,721
4 Debtors 2024 2023
£ £
Trade debtors 36,722 40,634
Other debtors 12,490 6,250
49,212 46,884
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 9,594
Trade creditors 38,850 15,293
Taxes and social security costs 9,428 6,914
Other creditors 16,252 15,851
75,178 47,652
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,024 26,792
7 Provision for liabilities
Deferred Taxation
£
At 1 April 2023 10,397
Charged to the profit and loss 7,866
At 31 March 2024 18,263
The provision for deferred taxation is made up as follows:
2024 2023
£ £
Accelerated capital allowances (7,866) 1,222
(7,866) 1,222
8 Directors' advances, credits and guarantees
During the year the directors advanced £400, and the company repaid £0 leaving a balance owed to the directors at the year end of £14,102.

The balances are interest free and repayable on demand.
9 Statement of changes in equity
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments and other adjustments.
10 Other information
RPM Block Machines Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
8 Annaloughan Road
Augher
Co Tyrone
BT77 0BW
RPM Block Machines Limited NI627465 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 No description of principal activity NI627465 2022-04-01 2023-03-31 NI627465 core:WithinOneYear 2023-03-31 NI627465 core:AfterOneYear 2023-03-31 NI627465 core:ShareCapital 2023-03-31 NI627465 core:RetainedEarningsAccumulatedLosses 2023-03-31 NI627465 2023-04-01 2024-03-31 NI627465 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI627465 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI627465 bus:Director1 2023-04-01 2024-03-31 NI627465 bus:Director2 2023-04-01 2024-03-31 NI627465 1 2023-04-01 2024-03-31 NI627465 2 2023-04-01 2024-03-31 NI627465 core:PlantMachinery 2023-04-01 2024-03-31 NI627465 core:Vehicles 2023-04-01 2024-03-31 NI627465 countries:England 2023-04-01 2024-03-31 NI627465 bus:FRS102 2023-04-01 2024-03-31 NI627465 bus:FilletedAccounts 2023-04-01 2024-03-31 NI627465 2024-03-31 NI627465 core:WithinOneYear 2024-03-31 NI627465 core:AfterOneYear 2024-03-31 NI627465 core:ShareCapital 2024-03-31 NI627465 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI627465 core:PlantMachinery 2024-03-31 NI627465 core:Vehicles 2024-03-31 NI627465 2023-03-31 NI627465 core:PlantMachinery 2023-03-31 NI627465 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure