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Registered Number: 07508068
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 March 2025

for

RWMC INSTALLATIONS LIMITED

 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 87,629    73,558 
87,629    73,558 
Current assets      
Debtors 4 202,215    103,812 
Cash at bank and in hand 16,234    (807)
218,449    103,005 
Creditors: amount falling due within one year 5 (220,581)   (148,974)
Net current assets (2,132)   (45,969)
 
Total assets less current liabilities 85,497    27,589 
Creditors: amount falling due after more than one year 6 (11,771)   (21,667)
Provisions for liabilities 7   (760)
Net assets 73,726    5,162 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 73,626    5,062 
Shareholders' funds 73,726    5,162 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 03 June 2025 and were signed by:


-------------------------------
R D Williams
Director
1
General Information
RWMC Installations Limited is a private company, limited by shares, registered in England and Wales, registration number 07508068, registration address Old Hall Farm, Derby Road, Swarkestone, Derbyshire, DE73 7JB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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).
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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.

Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement using the effective rate of interest method.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred. 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 15% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments.  These assets are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2024 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2024 11,991    113,157    5,856    10,323    141,327 
Additions   60,311    4,519    1,131    65,961 
Disposals   (79,158)     (1,557)   (80,715)
At 31 March 2025 11,991    94,310    10,375    9,897    126,573 
Depreciation
At 01 April 2024 7,657    49,781    3,633    6,700    67,771 
Charge for year 650    8,655    686    373    10,364 
On disposals   (38,957)     (234)   (39,191)
At 31 March 2025 8,307    19,479    4,319    6,839    38,944 
Net book values
Closing balance as at 31 March 2025 3,684    74,831    6,056    3,058    87,629 
Opening balance as at 01 April 2024 4,335    63,377    2,223    3,623    73,558 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 200,048    102,612 
Prepayments & Accrued Income 1,767   
Other Debtors 400    1,200 
202,215    103,812 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 42,461    20,405 
Bank Loans & Overdrafts 10,000   
Corporation Tax 20,637    17,971 
PAYE & Social Security 11,880    9,469 
Accrued Expenses 15,128    1,500 
Other Creditors 9,696    11,932 
Obligations under HP/Financial Leases 13,006   
Other borrowings 8,884    51,871 
Directors' Current Accounts 46,952    429 
VAT 41,937    35,397 
220,581    148,974 

6.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts 1,667    21,667 
Obligations Under HP/Financial Leases 10,104   
11,771    21,667 

7.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 760    760 
Charged to Profit & Loss (760)  
  760 

8.

Operating leases

The total future minimum lease payments under non-cancellable operating leases for each of the following periods:

Period due   2025
£
  2024
£
Due over one year and less than five years 10,648 
Lease payments are recognised as an expense in the profit and loss.
9.

Prior period adjustment

A prior period adjustment of £41,424 has been made to reflect the recognition of a research and development tax credit refund relating to previous accounting periods as it is highly probable the funds will be received.
2