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RH Electrical Contractors (South West) Limited
Registered Number:12202936
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
RH Electrical Contractors (South West) Limited
Contents Page
1 to 2
Statement of Financial Position
3 to 6
Notes to the Financial Statements
3
Registered Number :
12202936
As at 30 September 2024
RH Electrical Contractors (South West) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
14,926
17,926
2
Property, plant and equipment
71,072
93,185
3
85,998
111,111
Current assets
Inventories
85,445
95,940
4
Trade and other receivables
44,019
60,616
5
5,747
Cash and cash equivalents
880
157,436
135,211
Trade and other payables: amounts falling due within
one year
(179,644)
(212,579)
6
(44,433)
(55,143)
Net current liabilities
Total assets less current liabilities
30,855
66,678
Trade and other payables: amounts falling due after
more than one year
(54,062)
(22,270)
7
(8,424)
(12,247)
Provisions for liabilities
161
Net assets
369
Capital and reserves
Called up share capital
100
100
Retained earnings
61
269
161
369
Shareholders' funds
For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
12202936
For the year ended 30 September 2024
RH Electrical Contractors (South West) Limited
Statement of Financial Position Continued
Ryan Charles Hutchings Director
These financial statements were approved and authorised for issue by the Board on 11 April 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 September 2024
RH Electrical Contractors (South West) Limited
Notes to the Financial Statements
Statutory Information
RH Electrical Contractors (South West) Limited is a private limited company, limited by shares,
domiciled in England and Wales, registration number 12202936.
Principal place of business:
76 Channel View
Ilfracombe
DEVON
EX34 9PU
Registered address:
10/11 Northfield Road
Ilfracombe
DEVON
EX34 8AL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic
of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, 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
25 Straight line
25 Straight line
Computer Equipment
25 Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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6
For the year ended 30 September 2024
RH Electrical Contractors (South West) Limited
Notes to the Financial Statements Continued
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2023
30,000
At 30 September 2024
30,000
Amortisation
At 01 October 2023
12,074
3,000
Charge for year
At 30 September 2024
15,074
Net book value
At 30 September 2024
14,926
At 30 September 2023
17,926
3. Property, plant and equipment
Total
Computer
Equipment
Motor
Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 October 2023
170,538
11,377
152,260
6,901
3,235
134
619
2,482
Additions
At 30 September 2024
9,383
152,879
11,511
173,773
Provision for depreciation and impairment
At 01 October 2023
77,353
9,408
63,835
4,110
Charge for year
25,348
1,655
22,261
1,432
At 30 September 2024
102,701
11,063
86,096
5,542
At 30 September 2024
Net book value
3,841
66,783
448
71,072
At 30 September 2023
2,791
88,425
1,969
93,185
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7
For the year ended 30 September 2024
RH Electrical Contractors (South West) Limited
Notes to the Financial Statements Continued
Motor vehicle costs brought forward include £39,690 for a leased Ford Transit van, leased by the company
for a period of 5 years.
4. Inventories
2023
2024
£
£
Stocks
95,940
85,445
Inventories are valued at the lower of cost and selling price less costs to complete and sell. Cost is defined as the actual cost of materials. Provision is made for obsolete and slow-moving items. In respect of work in progress this is the percentage of any sales contract that has been completed within the year but invoiced after the year end and is based on the sales invoice total.
5. Trade and other receivables
2023
2024
£
£
Trade debtors
31,503
36,010
Other debtors
29,113
8,009
44,019
60,616
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
23,399
27,652
Trade creditors
26,051
45,959
Taxation and social security
91,022
55,994
Other creditors
72,107
50,039
212,579
179,644
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
6,333
16,766
Other creditors
15,937
37,296
22,270
54,062
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8
For the year ended 30 September 2024
RH Electrical Contractors (South West) Limited
Notes to the Financial Statements Continued
8. Related party transactions
The director Mr R Hutchings owns 100% of the share capital and therefore has control of the company.
The directors current account was overdrawn at the end of the financial year, this will however be
brought back into credit within 9 months of the year end.
The directors current account balance as at 30 September 2024 (£23,241), the balance as at 30
September 2023 being £51.
9. Average number of persons employed
During the year the average number of employees was 5 (2023 : 6)
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