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REGISTERED NUMBER: 10179151 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

RG Construction Group Ltd

RG Construction Group Ltd (Registered number: 10179151)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RG Construction Group Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr R Gale





REGISTERED OFFICE: Unit 15
Telford Court
Morpeth
Northumberland
NE61 2DB





REGISTERED NUMBER: 10179151 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

RG Construction Group Ltd (Registered number: 10179151)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 47,664 56,235

CURRENT ASSETS
Debtors 6 100,711 271,588
Cash at bank 27,403 208,718
128,114 480,306
CREDITORS
Amounts falling due within one year 7 (153,811 ) (309,246 )
NET CURRENT (LIABILITIES)/ASSETS (25,697 ) 171,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,967

227,295

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Profit and loss account 21,867 227,195
SHAREHOLDERS' FUNDS 21,967 227,295

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mr R Gale - Director


RG Construction Group Ltd (Registered number: 10179151)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

RG Construction Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 for project management and consultancy services, excluding discounts, rebates and value added tax.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and machinery etc- 20% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit and loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

Leasing
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

RG Construction Group Ltd (Registered number: 10179151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 75,369
Additions 6,991
At 31 March 2024 82,360
DEPRECIATION
At 1 April 2023 19,134
Charge for year 15,562
At 31 March 2024 34,696
NET BOOK VALUE
At 31 March 2024 47,664
At 31 March 2023 56,235

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,799 259,943
Other debtors 2,912 11,645
100,711 271,588

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 78,104 75,091
Taxation and social security 37,070 182,375
Other creditors 38,637 51,780
153,811 309,246

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 6,765 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other creditors 18,510 32,268

The secured other creditors relate to amounts owed on finance leases and are secured against the assets to which they relate. The net book value of fixed assets held under finance leases at 31 March 2024 was £32,458 (2023 - £43,277).

RG Construction Group Ltd (Registered number: 10179151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr R Gale
Balance outstanding at start of year 7,906 -
Amounts advanced 75,720 7,906
Amounts repaid (83,626 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,906

The above loan is interest free, unsecured and repayable on demand.