Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-311975348761058false2023-11-01falseNo description of principal activity810trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04925562 2023-11-01 2024-10-31 04925562 2022-11-01 2023-10-31 04925562 2024-10-31 04925562 2023-10-31 04925562 c:Director1 2023-11-01 2024-10-31 04925562 d:Buildings 2023-11-01 2024-10-31 04925562 d:Buildings 2024-10-31 04925562 d:Buildings 2023-10-31 04925562 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04925562 d:Buildings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04925562 d:PlantMachinery 2023-11-01 2024-10-31 04925562 d:PlantMachinery 2024-10-31 04925562 d:PlantMachinery 2023-10-31 04925562 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04925562 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04925562 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04925562 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04925562 d:Goodwill 2024-10-31 04925562 d:Goodwill 2023-10-31 04925562 d:FreeholdInvestmentProperty 2024-10-31 04925562 d:FreeholdInvestmentProperty 2023-10-31 04925562 d:FreeholdInvestmentProperty 3 2023-11-01 2024-10-31 04925562 d:FreeholdInvestmentProperty 4 2023-11-01 2024-10-31 04925562 d:CurrentFinancialInstruments 2024-10-31 04925562 d:CurrentFinancialInstruments 2023-10-31 04925562 d:Non-currentFinancialInstruments 2024-10-31 04925562 d:Non-currentFinancialInstruments 2023-10-31 04925562 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04925562 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04925562 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 04925562 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04925562 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 04925562 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 04925562 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 04925562 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 04925562 d:ShareCapital 2024-10-31 04925562 d:ShareCapital 2023-10-31 04925562 d:RevaluationReserve 2023-11-01 2024-10-31 04925562 d:RevaluationReserve 2024-10-31 04925562 d:RevaluationReserve 2023-10-31 04925562 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 04925562 d:RetainedEarningsAccumulatedLosses 2024-10-31 04925562 d:RetainedEarningsAccumulatedLosses 2023-10-31 04925562 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-31 04925562 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 04925562 c:FRS102 2023-11-01 2024-10-31 04925562 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04925562 c:FullAccounts 2023-11-01 2024-10-31 04925562 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04925562 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 04925562 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 04925562 d:OtherDeferredTax 2024-10-31 04925562 d:OtherDeferredTax 2023-10-31 04925562 2 2023-11-01 2024-10-31 04925562 f:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 04925562












    

R. G. MAINTENANCE SERVICES LIMITED


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
R. G. MAINTENANCE SERVICES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 12


 
R. G. MAINTENANCE SERVICES LIMITED
REGISTERED NUMBER:04925562

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,118,088
1,065,608

Investments
 6 
50
50

Investment property
 7 
750,000
325,000

  
1,868,138
1,390,658

Current assets
  

Stocks
  
-
387,752

Debtors: amounts falling due within one year
 8 
564,459
495,214

Cash at bank and in hand
  
619,355
756,768

  
1,183,814
1,639,734

Creditors: amounts falling due within one year
 9 
(353,176)
(385,362)

Net current assets
  
 
 
830,638
 
 
1,254,372

Total assets less current liabilities
  
2,698,776
2,645,030

Creditors: amounts falling due after more than one year
 10 
(453,590)
(608,104)

Provisions for liabilities
  

Deferred tax
 13 
(115,322)
(105,921)

  
 
 
(115,322)
 
 
(105,921)

Net assets
  
2,129,864
1,931,005


Capital and reserves
  

Called up share capital 
  
1
1

Investment property revaluation reserve
 14 
110,586
80,228

Profit and loss account
 14 
2,019,277
1,850,776

  
2,129,864
1,931,005


Page 1

 
R. G. MAINTENANCE SERVICES LIMITED
REGISTERED NUMBER:04925562
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 July 2025.




................................................
Karl Bennett
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

R. G. Maintenance Services Limited is a private company limited by shares and incorporated in England and Wales, registration number 04925562. The registered office is Grove Farm, High Common, Cranworth, Thetford, Norfolk, IP25 7SX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method on property improvements, fixtures and fittings and on a reducing balance basis for plant and machinery.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant & machinery
-
20% reducing balance

 
2.11

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
8
10


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
30,000



At 31 October 2024

30,000



Amortisation


At 1 November 2023
30,000



At 31 October 2024

30,000



Net book value



At 31 October 2024
-



At 31 October 2023
-



Page 7

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 November 2023
839,808
602,626
1,442,434


Additions
36,342
147,446
183,788


Disposals
-
(32,967)
(32,967)


Transfer to stock
(1,750)
-
(1,750)



At 31 October 2024

874,400
717,105
1,591,505



Depreciation


At 1 November 2023
86,827
289,999
376,826


Charge for the year on owned assets
17,495
37,814
55,309


Charge for the year on financed assets
-
49,251
49,251


Disposals
-
(7,934)
(7,934)


Eliminated on transfer
(35)
-
(35)



At 31 October 2024

104,287
369,130
473,417



Net book value



At 31 October 2024
770,113
347,975
1,118,088



At 31 October 2023
752,981
312,627
1,065,608

The net book value of assets held under finance leases or hire purchase contracts, included in plant and machinery above, is £196,986 (2023: £116,648).


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 November 2023
50



At 31 October 2024
50




Page 8

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
325,000


Transfer from stock
394,642


Surplus on revaluation
30,358



At 31 October 2024
750,000

The 2023 and 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
612,674
218,029

612,674
218,029


8.


Debtors

2024
2023
£
£


Trade debtors
473,893
365,323

Other debtors
89,803
129,095

Prepayments and accrued income
763
796

564,459
495,214


Page 9

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
17,240
16,995

Trade creditors
55,709
132,694

Corporation tax
62,717
57,155

Other taxation and social security
55,331
26,725

Obligations under finance lease and hire purchase contracts
69,992
39,559

Other creditors
64,316
85,827

Accruals and deferred income
27,871
26,407

353,176
385,362


Secured loans
Bank loans of £7,240 (2023: £6,995) are secured on land and property owned by the company.


10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
361,126
536,764

Net obligations under finance leases and hire purchase contracts
92,464
71,340

453,590
608,104


Bank loans of £355,293 (2023: £520,931) are secured on land and property owned by the company.

Page 10

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
17,240
16,995


17,240
16,995


Amounts falling due 2-5 years

Bank loans
37,429
46,358


37,429
46,358

Amounts falling due after more than 5 years

Bank loans
323,697
490,406

323,697
490,406

378,366
553,759



12.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
619,355
619,355




Financial assets measured at fair value through profit or loss comprise...

Page 11

 
R. G. MAINTENANCE SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

13.


Deferred taxation




2024


£






At beginning of year
(105,921)


Charged to profit or loss
(9,401)



At end of year
(115,322)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(88,579)
(79,178)

Deferred tax on investment property valuations
(26,743)
(26,743)

(115,322)
(105,921)


14.


Reserves

Revaluation reserve

The Revaluation reserve includes all current and prior period retained revalued assets per the directors valuation.

Profit & loss account

The Profit & loss account includes all current and prior period retained profit and losses. 


15.


Director's benefits: advances, credit and guarantees

Karl Bennett's director's loan account had a credit balance of £64,316 (2023: £85,827) at the year end and is included in other creditors. 

 
Page 12