Riley Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13096856

RILEY CONSTRUCTION LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

RILEY CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		55,895		43,011

Current assets

Debtors	6	94,437	2,372
Cash at bank and in hand		188,258	178,119
		----------	----------
		282,695	180,491

Creditors: amounts falling due within one year	7	174,535		115,219
		----------		----------
Net current assets			108,160		65,272
			----------		----------
Total assets less current liabilities			164,055		108,283

Creditors: amounts falling due after more than one year	8		1,750		8,987

Provisions	9	13,974	–
		----------	----------
Net assets		148,331	99,296
		----------	----------

Capital and reserves

Called up share capital	11	1	1
Profit and loss account		148,330	99,295
		----------	---------
Shareholder funds		148,331	99,296
		----------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

RILEY CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

N.J. Riley
Director

Company registration number: 13096856

RILEY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Knighton Road, Redhill, Surrey, RH1 6EQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1st January 2024	5,313	56,825	2,214	64,352
Additions	30,311	–	1,206	31,517
	---------	---------	-------	---------
At 31st December 2024	35,624	56,825	3,420	95,869
	---------	---------	-------	---------
Depreciation
At 1st January 2024	1,022	19,750	569	21,341
Charge for the year	8,651	9,269	713	18,633
	---------	---------	-------	---------
At 31st December 2024	9,673	29,019	1,282	39,974
	---------	---------	-------	---------
Carrying amount
At 31st December 2024	25,951	27,806	2,138	55,895
	---------	---------	-------	---------
At 31st December 2023	4,291	37,075	1,645	43,011
	---------	---------	-------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	27,431	–
Other debtors	67,006	2,372
	---------	-------
	94,437	2,372
	---------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans	4,200	4,200
Trade creditors	16,703	35,857
Corporation tax	28,730	21,016
Social security and other taxes	40,799	22,072
Other creditors	84,103	32,074
	----------	----------
	174,535	115,219
	----------	----------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans	1,750	6,300
Other creditors	–	2,687
	-------	-------
	1,750	8,987
	-------	-------

9. Provisions

	Deferred tax (note 10)
	£
At 1st January 2024	–
Additions	13,974
	---------
At 31st December 2024	13,974
	---------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 9)	13,974	–
	---------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	13,974	–
	---------	----

11. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----