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No description of principal activity
2023-10-01
Sage Accounts Production Advanced 2023 - FRS102_2023
400
400
xbrli:pure
xbrli:shares
iso4217:GBP
06701417
2023-10-01
2024-09-30
06701417
2024-09-30
06701417
2023-09-30
06701417
2022-10-01
2023-09-30
06701417
2023-09-30
06701417
2022-09-30
06701417
bus:RegisteredOffice
2023-10-01
2024-09-30
06701417
bus:LeadAgentIfApplicable
2023-10-01
2024-09-30
06701417
bus:Director1
2023-10-01
2024-09-30
06701417
bus:Director2
2023-10-01
2024-09-30
06701417
core:WithinOneYear
2024-09-30
06701417
core:WithinOneYear
2023-09-30
06701417
core:AfterOneYear
2024-09-30
06701417
core:AfterOneYear
2023-09-30
06701417
core:ShareCapital
2024-09-30
06701417
core:ShareCapital
2023-09-30
06701417
core:RetainedEarningsAccumulatedLosses
2024-09-30
06701417
core:RetainedEarningsAccumulatedLosses
2023-09-30
06701417
bus:Director1
2023-09-30
06701417
bus:Director1
2022-09-30
06701417
bus:Director2
2023-09-30
06701417
bus:Director2
2022-09-30
06701417
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2023-10-01
2024-09-30
06701417
bus:AuditExemptWithAccountantsReport
2023-10-01
2024-09-30
06701417
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
06701417
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
06701417
bus:FullAccounts
2023-10-01
2024-09-30
06701417
core:ComputerEquipment
2023-10-01
2024-09-30
06701417
core:ComputerEquipment
2024-09-30
COMPANY REGISTRATION NUMBER:
06701417
Filleted Unaudited Financial Statements |
|
Year ended 30 September 2024
Officers and professional advisers |
1 |
|
|
Report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
|
|
Statement of financial position |
3 |
|
|
Notes to the financial statements |
4 |
|
|
Officers and Professional Advisers |
|
The board of directors |
Mr R Patel |
|
Mrs C A Patel |
|
|
Registered office |
20 Slaters Lane |
|
Pleck |
|
Walsall |
|
West Midlands |
|
United Kingdom |
|
WS2 9AQ |
|
|
Accountants |
Sterling Finance [UK] Limited |
|
Chartered accountants |
|
Westbourne House |
|
159 Oldham Road |
|
Ashton Under Lyne |
|
Lancashire |
|
United Kingdom |
|
OL7 9AR |
|
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
RCD Plumbing Limited |
|
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RCD Plumbing Limited for the year ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of RCD Plumbing Limited, as a body, in accordance with the terms of our engagement letter dated 17 September 2008. Our work has been undertaken solely to prepare for your approval the financial statements of RCD Plumbing Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RCD Plumbing Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that RCD Plumbing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RCD Plumbing Limited. You consider that RCD Plumbing Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of RCD Plumbing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Sterling Finance [UK] Limited
Chartered accountants
Westbourne House
159 Oldham Road
Ashton Under Lyne
Lancashire
United Kingdom
OL7 9AR
17 January 2025
Statement of Financial Position |
|
30 September 2024
Current assets
Cash at bank and in hand |
51,490 |
|
48,793 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
2,187 |
|
2,102 |
|
-------- |
|
-------- |
Net current assets |
|
49,303 |
46,691 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
49,303 |
46,691 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
49,287 |
42,562 |
|
|
-------- |
-------- |
Net assets |
|
16 |
4,129 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
(
84) |
4,029 |
|
|
---- |
------- |
Shareholders funds |
|
16 |
4,129 |
|
|
---- |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
17 January 2025
, and are signed on behalf of the board by:
Company registration number:
06701417
Notes to the Financial Statements |
|
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Slaters Lane, Pleck, Walsall, West Midlands, WS2 9AQ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office Equipment Depreciation |
- |
33% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
Cost |
|
|
At 1 October 2023 and 30 September 2024 |
400 |
400 |
|
---- |
---- |
Depreciation |
|
|
At 1 October 2023 and 30 September 2024 |
400 |
400 |
|
---- |
---- |
Carrying amount |
|
|
At 30 September 2024 |
– |
– |
|
---- |
---- |
At 30 September 2023 |
– |
– |
|
---- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Social security and other taxes |
804 |
806 |
Other creditors |
1,383 |
1,296 |
|
------- |
------- |
|
2,187 |
2,102 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
35 |
– |
Other creditors |
49,252 |
42,562 |
|
-------- |
-------- |
|
49,287 |
42,562 |
|
-------- |
-------- |
|
|
|
8.
Financial instruments
In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.
9.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
Balance brought forward and outstanding |
|
2024 |
2023 |
|
£ |
£ |
Mr R Patel |
(
24,625) |
(
20,282) |
Mrs C A Patel |
(
24,626) |
(
20,281) |
|
-------- |
-------- |
|
(
49,251) |
(
40,563) |
|
-------- |
-------- |
|
|
|
10.
Related party transactions
The company was under the control of
Mr R Patel
throughout the current and previous year. Mr R Patel
is the managing director and majority shareholder.