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Registration number: 04237910

RGP Consulting Engineers Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2024

 

RGP Consulting Engineers Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

RGP Consulting Engineers Limited

(Registration number: 04237910)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,033

30,340

Current assets

 

Stocks

5

14,943

15,711

Debtors

6

722,218

591,296

Cash at bank and in hand

 

124,892

114,225

 

862,053

721,232

Creditors: Amounts falling due within one year

7

(414,352)

(310,798)

Net current assets

 

447,701

410,434

Total assets less current liabilities

 

470,734

440,774

Creditors: Amounts falling due after more than one year

7

-

(40,000)

Provisions for liabilities

(3,866)

(5,693)

Net assets

 

466,868

395,081

Capital and reserves

 

Called up share capital

1,000

1,000

Share premium reserve

12,963

12,963

Capital redemption reserve

119

119

Profit and loss account

452,786

380,999

Shareholders' funds

 

466,868

395,081

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

 

RGP Consulting Engineers Limited

(Registration number: 04237910)
Statement of Financial Position as at 30 June 2024

.........................................
C M Blamey
Company secretary and director

.........................................
N D Rowe
Director

 

RGP Consulting Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is: Shackleford Suite, Mill Pool House, Mill Lane, Godalming, Surrey, GU7 1EY.

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 financial statements are prepared in sterling, which is the functional currency of the entity.

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 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.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

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.

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.

 

RGP Consulting Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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 statement of financial position 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

Land and buildings

Land only - not depreciated

Fittings, fixtures and equipment

25% straight line

Computer equipment

25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

 

RGP Consulting Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

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

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2023 - 23).

 

RGP Consulting Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
£

Computer equipment
£

Total
£

Cost or valuation

At 1 July 2023

7,569

24,960

118,145

150,674

Additions

-

3,767

-

3,767

At 30 June 2024

7,569

28,727

118,145

154,441

Depreciation

At 1 July 2023

-

22,668

97,666

120,334

Charge for the year

-

1,891

9,183

11,074

At 30 June 2024

-

24,559

106,849

131,408

Carrying amount

At 30 June 2024

7,569

4,168

11,296

23,033

At 30 June 2023

7,569

2,292

20,479

30,340

Included within the net book value of land and buildings above is £7,569 (2023 - £7,569) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Work in progress

14,943

15,711

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

431,642

347,736

Amounts owed by related parties

10,349

13

Other debtors

 

628

2,976

Prepayments

 

79,869

57,296

Accrued income

 

199,730

183,275

 

722,218

591,296

 

RGP Consulting Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

8

40,000

40,000

Trade creditors

 

35,852

62,842

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7,838

21,351

Taxation and social security

 

203,381

114,534

Accruals and deferred income

 

63,391

18,123

Other creditors

 

63,890

53,948

 

414,352

310,798

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

8

-

40,000

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

40,000

Current loans and borrowings

2024
£

2023
£

Bank borrowings

40,000

40,000

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £12,078 (2023 - £22,430).