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REGISTERED NUMBER: 14631922 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

RMK ELECTRICAL CONTRACTORS LTD

RMK ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 14631922)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RMK ELECTRICAL CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: Mr R Keeley



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 14631922 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Natwest Plc
48 Courtenay Street
Newton Abbot
Devon
TQ12 2EE

RMK ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 14631922)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,558 19,660

CURRENT ASSETS
Stocks 5 500 1,000
Debtors 6 41,413 25,381
Cash at bank 10,254 5,614
52,167 31,995
CREDITORS
Amounts falling due within one year 7 26,619 17,631
NET CURRENT ASSETS 25,548 14,364
TOTAL ASSETS LESS CURRENT LIABILITIES 51,106 34,024

CREDITORS
Amounts falling due after more than one
year

8

(24,203

)

(18,411

)

PROVISIONS FOR LIABILITIES (4,856 ) (3,735 )
NET ASSETS 22,047 11,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,947 11,778
SHAREHOLDERS' FUNDS 22,047 11,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

RMK ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 14631922)

BALANCE SHEET - continued
28 FEBRUARY 2025


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2025 and were signed by:





Mr R Keeley - Director


RMK ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 14631922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

RMK Electrical Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

RMK ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 14631922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 29 February 2024 157 24,995 1,041 26,193
Additions - 14,295 191 14,486
At 28 February 2025 157 39,290 1,232 40,679
DEPRECIATION
At 29 February 2024 24 6,249 260 6,533
Charge for year 20 8,260 308 8,588
At 28 February 2025 44 14,509 568 15,121
NET BOOK VALUE
At 28 February 2025 113 24,781 664 25,558
At 28 February 2024 133 18,746 781 19,660

RMK ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 14631922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 29 February 2024 24,995
Additions 14,295
At 28 February 2025 39,290
DEPRECIATION
At 29 February 2024 6,249
Charge for year 8,260
At 28 February 2025 14,509
NET BOOK VALUE
At 28 February 2025 24,781
At 28 February 2024 18,746

5. STOCKS
2025 2024
£    £   
Stocks 500 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 22,845 1,630
Amounts recoverable on contract 8,988 12,250
Other debtors 8,968 10,685
Prepayments 612 816
41,413 25,381

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 7,017 3,977
Trade creditors 8,049 5,135
Tax 2,789 1,428
VAT 1,711 232
Other creditors 4,105 4,544
Directors' current accounts 846 268
Accrued expenses 2,102 2,047
26,619 17,631

RMK ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 14631922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 24,203 18,411

9. OTHER FINANCIAL COMMITMENTS

At 28 February 2025, the company had total commitments under non-cancellable operating leases over the remaining life of the leases of £5,044, (2024, £8,320).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 February 2025 and the period ended 28 February 2024:

2025 2024
£    £   
Mr R Keeley
Balance outstanding at start of year (268 ) -
Amounts advanced 7,204 21,870
Amounts repaid (7,782 ) (22,138 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (846 ) (268 )

Loans are unsecured, interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2024 - £14,100) were paid to the director .