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REGISTERED NUMBER: 03372251 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

R FLISHER LIMITED

R FLISHER LIMITED (REGISTERED NUMBER: 03372251)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R FLISHER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Flisher
R Flisher





REGISTERED OFFICE: 9 Orgarswick Avenue
Dymchurch
Romney Marsh
Kent
TN29 ONX





REGISTERED NUMBER: 03372251 (England and Wales)





ACCOUNTANTS: Ackland Webb Ltd
Chartered Certified Accountants
Suite 1, First Floor
3 Jubilee Way
Faversham
Kent
ME13 8GD

R FLISHER LIMITED (REGISTERED NUMBER: 03372251)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 575,425 589,655
575,425 589,655

CURRENT ASSETS
Stocks 9,600 9,600
Debtors 6 1,080,038 1,059,879
Cash at bank and in hand 140,359 48,792
1,229,997 1,118,271
CREDITORS
Amounts falling due within one year 7 (644,955 ) (644,924 )
NET CURRENT ASSETS 585,042 473,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,160,467

1,063,002

CREDITORS
Amounts falling due after more than one
year

8

(192,146

)

(172,670

)

PROVISIONS FOR LIABILITIES (23,245 ) (15,390 )
NET ASSETS 945,076 874,942

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 944,076 873,942
SHAREHOLDERS' FUNDS 945,076 874,942

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 directors acknowledge their 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 FLISHER LIMITED (REGISTERED NUMBER: 03372251)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





J Flisher - Director


R FLISHER LIMITED (REGISTERED NUMBER: 03372251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

R Flisher Limited 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 represents revenue earned under a wide variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to customers is included in debtors under "amounts recoverable under contracts".

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 20 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

R FLISHER LIMITED (REGISTERED NUMBER: 03372251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 50,000
AMORTISATION
At 1 June 2023
and 31 May 2024 50,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 515,564 438,404 953,968
Additions - 94,777 94,777
Disposals - (108,257 ) (108,257 )
At 31 May 2024 515,564 424,924 940,488
DEPRECIATION
At 1 June 2023 66,829 297,484 364,313
Charge for year 9,352 51,853 61,205
Eliminated on disposal - (60,455 ) (60,455 )
At 31 May 2024 76,181 288,882 365,063
NET BOOK VALUE
At 31 May 2024 439,383 136,042 575,425
At 31 May 2023 448,735 140,920 589,655

R FLISHER LIMITED (REGISTERED NUMBER: 03372251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 599,024 594,779
Amounts recoverable on contract 474,000 462,000
Other debtors 7,014 3,100
1,080,038 1,059,879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 78,005 52,000
Finance leases (see note 9) 19,625 10,881
Trade creditors 222,802 220,013
Taxation and social security 317,751 322,920
Other creditors 6,772 39,110
644,955 644,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 145,910 147,656
Finance leases (see note 9) 46,236 25,014
192,146 172,670

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.5.24 31.5.23
£    £   
Gross obligations repayable:

Finance charges repayable:
Within one year (19,625 ) (10,881 )
Between one and five years (46,236 ) (25,014 )
(65,861 ) (35,895 )

Net obligations repayable:
Within one year 19,625 10,881
Between one and five years 46,236 25,014
65,861 35,895

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 15,097 8,726
Between one and five years 88,427 10,907
103,524 19,633

R FLISHER LIMITED (REGISTERED NUMBER: 03372251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. OTHER FINANCIAL COMMITMENTS

Natwest Bank Plc hold two legal charges over:
The freehold property of 30 High Street, Dymchurch.
Fixed and floating charges over the undertaking and all assets present and future.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J Flisher.