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REGISTERED NUMBER: 06310950 (England and Wales)















Financial Statements for the Year Ended 31st July 2024

for

RCM GROUNDWORKS & PLANT LIMITED

RCM GROUNDWORKS & PLANT LIMITED (Registered number: 06310950)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RCM GROUNDWORKS & PLANT LIMITED

Company Information
for the Year Ended 31st July 2024







DIRECTORS: R Moore
R J Moore





REGISTERED OFFICE: Corner House Farm
Outgate
Ealand
Scunthorpe
North Lincolnshire
DN17 4JD





REGISTERED NUMBER: 06310950 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

RCM GROUNDWORKS & PLANT LIMITED (Registered number: 06310950)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 316,918 294,560

CURRENT ASSETS
Stocks 1,620 27,234
Debtors 5 45,453 20,270
Cash at bank 21,897 16,518
68,970 64,022
CREDITORS
Amounts falling due within one year 6 24,018 14,998
NET CURRENT ASSETS 44,952 49,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,870

343,584

CREDITORS
Amounts falling due after more than
one year

7

210,068

243,375
NET ASSETS 151,802 100,209

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 151,801 100,208
SHAREHOLDERS' FUNDS 151,802 100,209

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

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

RCM GROUNDWORKS & PLANT LIMITED (Registered number: 06310950)

Balance Sheet - continued
31st July 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 30th April 2025 and were signed on its behalf by:





R Moore - Director


RCM GROUNDWORKS & PLANT LIMITED (Registered number: 06310950)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

RCM GROUNDWORKS & PLANT 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Office equipment - 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.

RCM GROUNDWORKS & PLANT LIMITED (Registered number: 06310950)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1st August 2023 610,464 4,581 615,045
Additions 112,600 - 112,600
Disposals (55,000 ) - (55,000 )
At 31st July 2024 668,064 4,581 672,645
DEPRECIATION
At 1st August 2023 317,401 3,084 320,485
Charge for year 69,943 299 70,242
Eliminated on disposal (35,000 ) - (35,000 )
At 31st July 2024 352,344 3,383 355,727
NET BOOK VALUE
At 31st July 2024 315,720 1,198 316,918
At 31st July 2023 293,063 1,497 294,560

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 36,359 11,176
Other debtors 9,094 9,094
45,453 20,270

RCM GROUNDWORKS & PLANT LIMITED (Registered number: 06310950)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts and finance leases 6,810 -
Trade creditors 319 2,407
Social security and other taxes 621 -
VAT 13,475 8,789
Other creditors 955 1,322
Directors' current accounts 504 604
Accrued expenses 1,334 1,876
24,018 14,998

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts and finance leases 36,549 8,618
Other creditors 173,519 234,757
210,068 243,375

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1st August 2023 100,208
Profit for the year 71,593
Dividends (20,000 )
At 31st July 2024 151,801