Registered number
09689699
RFT Electrical Limited
Unaudited Filleted Accounts
31 July 2024
RFT Electrical Limited
Registered number: 09689699
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 400 600
Current assets
Debtors 4 12,413 15,751
Cash at bank and in hand - 736
12,413 16,487
Creditors: amounts falling due within one year 5 (11,449) (11,844)
Net current assets 964 4,643
Total assets less current liabilities 1,364 5,243
Creditors: amounts falling due after more than one year 6 (4,128) (4,758)
Net (liabilities)/assets (2,764) 485
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,864) 385
Shareholder's funds (2,764) 485
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
N A Bartram
Director
Approved by the board on 28 January 2025
RFT Electrical Limited
Notes to the Accounts
for the year ended 31 July 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 (as applied to small entities by section 1A of the standard).
Going concern
The financial statements have been prepared on the going concern basis, which relies upon the continued support of the company's creditors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.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.
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:
Computers 33% straight line
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 400 3,600 4,000
At 31 July 2024 400 3,600 4,000
Depreciation
At 1 August 2023 400 3,000 3,400
Charge for the year - 200 200
At 31 July 2024 400 3,200 3,600
Net book value
At 31 July 2024 - 400 400
At 31 July 2023 - 600 600
4 Debtors 2024 2023
£ £
Other debtors 12,413 15,751
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 671 614
Taxation and social security costs 7,299 8,047
Other creditors 3,479 3,183
11,449 11,844
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,128 4,758
7 Loans to directors
B/fwd Paid Repaid C/fwd
£ £ £ £
N A Bartram
Loan subject to interest 11,370 - (3,338) 8,032
11,370 - (3,338) 8,032
8 Other information
RFT Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
511 Walsall Road
Birmingham
B42 2LT
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