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Registration number: 10870487

RAP Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

RAP Construction Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

RAP Construction Limited

Company Information

Director

Mr R A Pickford

Registered office

6 Marshfield Way
Swindon
Wiltshire
SN3 4PS

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

RAP Construction Limited

(Registration number: 10870487)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,500

4,998

Current assets

 

Debtors

5

8,508

13,604

Cash at bank and in hand

 

1,248

6,980

 

9,756

20,584

Creditors: Amounts falling due within one year

6

(9,810)

(11,491)

Net current (liabilities)/assets

 

(54)

9,093

Total assets less current liabilities

 

12,446

14,091

Creditors: Amounts falling due after more than one year

6

(5,000)

(11,000)

Provisions for liabilities

(3,125)

(1,250)

Net assets

 

4,321

1,841

Capital and reserves

 

Called up share capital

100

100

Retained earnings

4,221

1,741

Shareholders' funds

 

4,321

1,841

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

RAP Construction Limited

(Registration number: 10870487)
Balance Sheet as at 31 July 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 January 2025
 

.........................................
Mr R A Pickford
Director

 

RAP Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
6 Marshfield Way
Swindon
Wiltshire
SN3 4PS
England

These financial statements were authorised for issue by the director on 20 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these financial statements is pound sterling, rounded to the nearest whole number.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

RAP Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% on cost

Motor Vehicles

20% reducing balance method

Computer equipment

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

RAP Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

379

28,560

1,731

30,670

Additions

-

12,500

-

12,500

Disposals

-

(28,560)

-

(28,560)

At 31 July 2024

379

12,500

1,731

14,610

Depreciation

At 1 August 2023

379

23,602

1,691

25,672

Charge for the year

-

992

40

1,032

Eliminated on disposal

-

(24,594)

-

(24,594)

At 31 July 2024

379

-

1,731

2,110

Carrying amount

At 31 July 2024

-

12,500

-

12,500

At 31 July 2023

-

4,958

40

4,998

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,280

750

Prepayments

1,001

-

Other debtors

6,227

12,854

 

8,508

13,604

 

RAP Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6,000

6,000

Taxation and social security

 

2,009

3,811

Accruals and deferred income

 

1,675

1,680

Other creditors

 

126

-

 

9,810

11,491

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

5,000

11,000

7

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mr R A Pickford

Net transactions

(8,380)

(25,646)

34,152

126

2023

At 1 August 2022
£

Repayments by director
£

At 31 July 2023
£

Mr R A Pickford

Net transactions

(11,243)

2,863

(8,380)