Company No:
Contents
| DIRECTORS | A P Bothwell |
| P J Bothwell | |
| D J Roberts |
| SECRETARY | D J Roberts |
| REGISTERED OFFICE | Units 15 & 16 |
| Highams Lodge Business Centre Blackhorse Lane | |
| London | |
| E17 6SH | |
| United Kingdom |
| COMPANY NUMBER | 03549989 (England and Wales) |
| ACCOUNTANT | Gravita Essex Limited |
| Treviot House | |
| 186-192 High Road | |
| Ilford | |
| Essex | |
| IG1 1LR | |
| United Kingdom |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| Investments | 4 |
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| 183,097 | 151,729 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 5 |
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| Cash at bank and in hand |
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| 710,293 | 583,721 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 342,402 | 173,813 | ||
| Total assets less current liabilities | 525,499 | 325,542 | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Provision for liabilities | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of R 'n' B Engineering Limited (registered number:
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A P Bothwell
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
R 'n' B Engineering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units 15 & 16, Highams Lodge Business Centre Blackhorse Lane, London, E17 6SH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Defined contribution schemes
The Company operates a defined contribution pension scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Expenditure on research and development is written off in the year in which it is incurred.
| Plant and machinery |
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| Vehicles |
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| Fixtures and fittings |
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| Computer equipment |
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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.
Fixed asset investments are stated at cost less provision for permanent diminution in value.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Plant and machinery | Vehicles | Fixtures and fittings | Computer equipment | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 October 2023 |
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| Additions |
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| At 30 September 2024 |
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| Accumulated depreciation | |||||||||
| At 01 October 2023 |
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| Charge for the financial year |
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| At 30 September 2024 |
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| Net book value | |||||||||
| At 30 September 2024 |
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| At 30 September 2023 |
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| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 October 2023 |
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| At 30 September 2024 |
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| Carrying value at 30 September 2024 |
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| Carrying value at 30 September 2023 |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors |
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| Amounts owed by related parties |
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| Other debtors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Bank loans and overdrafts |
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| Trade creditors |
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| Taxation and social security |
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| Obligations under finance leases and hire purchase contracts |
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| Other creditors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Obligations under finance leases and hire purchase contracts |
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| Other creditors |
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Transactions with the entity's directors
| 2024 | 2023 | ||
| £ | £ | ||
| Director 1 | 0 | 0 | |
| Amount Advanced | 47,958 | 71,416 | |
| Amounts Repaid | (22,442) | (121,791) | |
| Director 2 | 0 | 0 | |
| Amount Advanced | 49,364 | 51,722 | |
| Amounts Repaid | (22,060) | (96,363) | |
| Director 3 | 0 | 0 | |
| Amount Advanced | 32,500 | 0 | |
| Amounts Repaid | (134) | 0 |
The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by HMRC.
The following secured debts are included within creditors:
| 2024 | 2023 | ||
| £ | £ | ||
| Bank overdrafts | 60,845 | 71,214 |
The bank overdraft is secured by a fixed and floating charge over all the company assets.