Company Registration No. 07881069 (England and Wales)
R W Projects South West Limited
Unaudited accounts
for the year ended 31 March 2025
R W Projects South West Limited
Unaudited accounts
Contents
R W Projects South West Limited
Company Information
for the year ended 31 March 2025
Directors
R Williams
N Hale
Company Number
07881069 (England and Wales)
R W Projects South West Limited
Statement of financial position
as at 31 March 2025
Tangible assets
473,852
527,996
Cash at bank and in hand
332,627
112,593
Creditors: amounts falling due within one year
(230,950)
(667,227)
Net current assets
425,465
157,389
Total assets less current liabilities
899,317
685,385
Creditors: amounts falling due after more than one year
(344,758)
(113,986)
Provisions for liabilities
Deferred tax
(32,827)
(51,003)
Net assets
521,732
520,396
Called up share capital
100
100
Profit and loss account
521,632
520,296
Shareholders' funds
521,732
520,396
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
R Williams
Director
Company Registration No. 07881069
R W Projects South West Limited
Notes to the Accounts
for the year ended 31 March 2025
R W Projects South West Limited is a private company, limited by shares, registered in England and Wales, registration number 07881069.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 accounts. 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.
R W Projects South West Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
At the time of approving the financial statements, the directors havea reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to
adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At cost
At cost
At 1 April 2024
300,000
10,015
261,896
38,071
24,715
634,697
Additions
-
-
-
-
2,635
2,635
Revaluations
20,000
-
-
-
-
20,000
Disposals
-
-
(54,246)
(7,615)
-
(61,861)
At 31 March 2025
320,000
10,015
207,650
30,456
27,350
595,471
At 1 April 2024
-
9,905
70,935
7,574
18,287
106,701
Charge for the year
-
110
43,435
-
5,469
49,014
On disposals
-
-
(34,096)
-
-
(34,096)
At 31 March 2025
-
10,015
80,274
7,574
23,756
121,619
At 31 March 2025
320,000
-
127,376
22,882
3,594
473,852
At 31 March 2024
300,000
110
190,961
30,497
6,428
527,996
Amounts falling due within one year
Trade debtors
243,861
567,018
Accrued income and prepayments
16,647
33,841
Amounts falling due after more than one year
R W Projects South West Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
85,750
208,232
Obligations under finance leases and hire purchase contracts
25,374
72,546
Trade creditors
45,557
219,905
Taxes and social security
69,545
150,877
Other creditors
(302)
1,838
Loans from directors
(19,769)
3,792
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
79,712
113,986
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Average number of employees
During the year the average number of employees was 23 (2024: 22).