Registered number
09703733
RH Building & Construction Limited
Unaudited Filleted Accounts
31 July 2024
RH Building & Construction Limited
Registered number: 09703733
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,556 24,518
Current assets
Stocks 44,950 39,750
Debtors 4 53,886 12,468
Cash at bank and in hand 3,489 4,802
102,325 57,020
Creditors: amounts falling due within one year 5 (119,687) (82,352)
Net current liabilities (17,362) (25,332)
Total assets less current liabilities 1,194 (814)
Creditors: amounts falling due after more than one year 6 (10,770) (20,278)
Net liabilities (9,576) (21,092)
Capital and reserves
Called up share capital 1 1
Profit and loss account (9,577) (21,093)
Shareholder's funds (9,576) (21,092)
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.
Mr Robert A Harrison
Director
Approved by the board on 31 January 2025
RH Building & Construction 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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
Motor Vehicles Plant and machinery etc Fixtures and fittings Total
£ £ £ £
Cost
At 1 August 2023 37,817 3,750 2,400 43,967
At 31 July 2024 37,817 3,750 2,400 43,967
Depreciation
At 1 August 2023 14,975 2,728 1,746 19,449
Charge for the year 5,711 153 98 5,962
At 31 July 2024 20,686 2,881 1,844 25,411
Net book value
At 31 July 2024 17,131 869 556 18,556
At 31 July 2023 22,842 1,022 654 24,518
4 Debtors 2024 2023
£ £
Trade debtors 36,082 12,468
Amounts owed by group undertakings and undertakings in which the company has a participating interest 17,804 -
53,886 12,468
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bounce back loan 9,754 10,000
Obligations under finance lease and hire purchase contracts 14,822 17,344
Trade creditors 49,711 28,213
Taxation and social security costs 34,347 32,614
Directors loan account 8,643 (6,544)
Other creditors 2,410 725
119,687 82,352
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 10,770 20,278
7 Other information
RH Building & Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
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