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REGISTERED NUMBER: 09064483 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

R.G.S JOINERY LTD

R.G.S JOINERY LTD (REGISTERED NUMBER: 09064483)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


R.G.S JOINERY LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: Mr R Icely



REGISTERED OFFICE: 12 Brook Grove
Irlam
Manchester
Lancashire
M44 6NW



REGISTERED NUMBER: 09064483 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: TSB Bank plc
16 Moorfield Parade
Irlam
Manchester
M44 6FY

R.G.S JOINERY LTD (REGISTERED NUMBER: 09064483)

REPORT OF THE DIRECTOR
for the Year Ended 31 May 2024

The director presents his report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of joiners.

DIRECTOR
Mr R Icely held office during the whole of the period from 1 June 2023 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.5.24 1.6.23
Ordinary shares of £1 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr R Icely - Director


28 January 2025

R.G.S JOINERY LTD (REGISTERED NUMBER: 09064483)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 89
Tangible assets 5 12,609 16,317
12,609 16,406

CURRENT ASSETS
Debtors 6 7,869 9,361
Cash at bank 9,626 20,527
17,495 29,888
CREDITORS
Amounts falling due within one year 7 (16,584 ) (15,882 )
NET CURRENT ASSETS 911 14,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,520

30,412

CREDITORS
Amounts falling due after more than one
year

8

(29,821

)

(34,800

)

PROVISIONS FOR LIABILITIES - (1,066 )
NET LIABILITIES (16,301 ) (5,454 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (16,302 ) (5,455 )
SHAREHOLDERS' FUNDS (16,301 ) (5,454 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

R.G.S JOINERY LTD (REGISTERED NUMBER: 09064483)

BALANCE SHEET - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mr R Icely - Director


R.G.S JOINERY LTD (REGISTERED NUMBER: 09064483)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

R.G.S Joinery 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website additions are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

R.G.S JOINERY LTD (REGISTERED NUMBER: 09064483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Website
additions
£   
COST
At 1 June 2023
and 31 May 2024 938
AMORTISATION
At 1 June 2023 849
Amortisation for year 89
At 31 May 2024 938
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 89

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 4,914 650 22,960 28,524
Additions 498 - - 498
At 31 May 2024 5,412 650 22,960 29,022
DEPRECIATION
At 1 June 2023 3,707 162 8,338 12,207
Charge for year 426 122 3,658 4,206
At 31 May 2024 4,133 284 11,996 16,413
NET BOOK VALUE
At 31 May 2024 1,279 366 10,964 12,609
At 31 May 2023 1,207 488 14,622 16,317

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 428 1,920
Other debtors 7,441 7,441
7,869 9,361

R.G.S JOINERY LTD (REGISTERED NUMBER: 09064483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,250 5,250
Taxation and social security 3,456 4,534
Other creditors 7,878 6,098
16,584 15,882

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 29,821 34,800

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,801 13,801

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Icely.