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REGISTERED NUMBER: 12611133 (England and Wales)













R F BUILDING & UTILITIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R F BUILDING & UTILITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr R Faulkner
Mrs C O Faulkner





SECRETARY: Mr R Faulkner





REGISTERED OFFICE: Baltic Yard
Davies Street
Ystrad Mynach
CF82 8AD





REGISTERED NUMBER: 12611133 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 877,345 765,692

CURRENT ASSETS
Debtors 5 508,215 561,059
Cash at bank 348,435 1,011,440
856,650 1,572,499
CREDITORS
Amounts falling due within one year 6 471,341 830,170
NET CURRENT ASSETS 385,309 742,329
TOTAL ASSETS LESS CURRENT LIABILITIES 1,262,654 1,508,021

CREDITORS
Amounts falling due after more than one year 7 (78,419 ) (165,154 )

PROVISIONS FOR LIABILITIES (225,413 ) (176,420 )
NET ASSETS 958,822 1,166,447

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 958,722 1,166,347
SHAREHOLDERS' FUNDS 958,822 1,166,447

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 F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by:




Mr R Faulkner - Director



Mrs C O Faulkner - Director


R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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


1. STATUTORY INFORMATION

R F Building & Utilities Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 10 ) .

R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 June 2023 443,286 598,098 1,041,384
Additions 134,167 323,838 458,005
Disposals - (44,007 ) (44,007 )
At 31 May 2024 577,453 877,929 1,455,382
DEPRECIATION
At 1 June 2023 136,263 139,429 275,692
Charge for year 144,362 179,206 323,568
Eliminated on disposal - (21,223 ) (21,223 )
At 31 May 2024 280,625 297,412 578,037
NET BOOK VALUE
At 31 May 2024 296,828 580,517 877,345
At 31 May 2023 307,023 458,669 765,692

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 June 2023 111,706 230,790 342,496
Transfer to ownership - (100,795 ) (100,795 )
At 31 May 2024 111,706 129,995 241,701
DEPRECIATION
At 1 June 2023 27,927 58,867 86,794
Charge for year 27,926 46,158 74,084
Transfer to ownership - (53,027 ) (53,027 )
At 31 May 2024 55,853 51,998 107,851
NET BOOK VALUE
At 31 May 2024 55,853 77,997 133,850
At 31 May 2023 83,779 171,923 255,702

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 60,700 167,463
Amounts owed by group undertakings 354,076 -
Other debtors 93,310 133,090
Directors' current accounts 129 260,506
508,215 561,059

R F BUILDING & UTILITIES LTD (REGISTERED NUMBER: 12611133)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 6,512
Hire purchase contracts 73,518 95,410
Trade creditors 13,691 98,060
Tax 330,917 403,310
PAYE and NIC taxes (24,310 ) 23,476
Pension control 2,050 2,404
VAT 73,275 196,898
Accruals and deferred income 2,200 4,100
471,341 830,170

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 78,419 165,154

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 151,937 260,564

Amounts owed under hire purchase agreements are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£

At 1 June 2023 1,166,347
Profit for the year 792,375
Dividends (1,000,000 )
At 31 May 2024 958,722

11. ULTIMATE CONTROLLING PARTY

The immediate parent company of the company is RFBU Holdings Limited (15323754)
RFBU Holdings Limited held 100% of the share capital of RF Buildings and Utilities Limited during the year.
The ultimate controlling party of RFBU Holdings Limited is Mr Rhys Faulkner and Mrs Chloe Faulkner who jointly hold 100% of the voting share capital in RFBU Holdings Limited .