R. A. Downing Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04950181 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

R. A. DOWNING CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

R A Downing

A M Downing

SECRETARY:

A M Downing

REGISTERED OFFICE:

Easter Hill Gardens

Kenn

Exeter

Devon

EX6 7UG

REGISTERED NUMBER:

04950181 (England and Wales)

ACCOUNTANTS:

Sheppard Rockey & Williams Ltd

Sannerville Chase

Exminster

Exeter

Devon

EX6 8AT

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

115,610

79,988

115,610

79,988

CURRENT ASSETS

Stocks

6

2,200

Debtors

7

122,346

414,003

Cash at bank

587,652

364,344

712,198

780,547

CREDITORS

Amounts falling due within one year

8

199,556

242,531

NET CURRENT ASSETS

512,642

538,016

TOTAL ASSETS LESS CURRENT
LIABILITIES

628,252

618,004

CREDITORS

Amounts falling due after more than one
year

9

(42,827

)

-

PROVISIONS FOR LIABILITIES

(28,903

)

(18,013

)

NET ASSETS

556,522

599,991

CAPITAL AND RESERVES

Called up share capital

11

120

Retained earnings

556,402

599,871

SHAREHOLDERS' FUNDS

556,522

599,991

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

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

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 2 April 2025 and were signed on its behalf by:

R A Downing - Director

1.	STATUTORY INFORMATION

R. A. Downing Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the invoiced value of services supplied by the company, net of value added tax and trade discounts.

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.

Plant and equipment

-

20% on cost

Motor vehicles

-

25% on cost

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.

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 8 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

64,000

AMORTISATION

At 1 November 2023

and 31 October 2024

64,000

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

equipment

vehicles

Totals

£

COST

At 1 November 2023

15,304

114,268

129,572

Additions

-

151,298

Disposals

-

(114,268

)

(114,268

)

At 31 October 2024

15,304

151,298

166,602

DEPRECIATION

At 1 November 2023

11,987

37,596

49,583

Charge for year

1,180

37,825

39,005

Eliminated on disposal

-

(37,596

)

(37,596

)

At 31 October 2024

13,167

37,825

50,992

NET BOOK VALUE

At 31 October 2024

2,137

113,473

115,610

At 31 October 2023

3,317

76,672

79,989

6.

STOCKS

31.10.24

31.10.23

£

Stocks

2,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Trade debtors

56,518

107,685

Other debtors

65,828

306,318

122,346

414,003

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Hire purchase contracts (see note 10)

11,255

-

Trade creditors

46,200

64,081

Taxation and social security

137,436

174,700

Other creditors

4,665

3,750

199,556

242,531

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.24

31.10.23

£

Hire purchase contracts (see note 10)

42,827

-

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.10.24

31.10.23

£

Net obligations repayable:

Within one year

11,255

-

Between one and five years

42,827

-

54,082

-

Non-cancellable operating

leases

31.10.24

31.10.23

£

Within one year

11,316

Between one and five years

7,544

18,860

30,176

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

70

A Ordinary

£1

70

30

B Ordinary

£1

30

10

C Ordinary

£1

10

D Ordinary

£1

10

120

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

R A Downing and A M Downing

Balance outstanding at start of year

300,887

23,526

Amounts advanced

77,696

402,069

Amounts repaid

(318,168

)

(124,708

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

60,415

300,887

The loan unsecured and repayable on demand and subject to interest at the official rate and was repaid in full after the year end.