REGISTERED NUMBER: 03340135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RAINSFORD CONTRACTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J G Self

P A Dennis

REGISTERED OFFICE:

Unit 9, Hornet Business Estate

Quarry Hill Road

Borough Green

Sevenoaks

Kent

TN15 8QW

REGISTERED NUMBER:

03340135 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

78,431

98,366

78,431

98,366

CURRENT ASSETS

Debtors

6

3,447,039

4,797,210

Cash at bank and in hand

2,009,636

391,443

5,456,675

5,188,653

CREDITORS

Amounts falling due within one year

7

4,342,361

3,796,319

NET CURRENT ASSETS

1,114,314

1,392,334

TOTAL ASSETS LESS CURRENT LIABILITIES

1,192,745

1,490,700

CREDITORS

Amounts falling due after more than one year

8

(60,773

)

(322,637

)

PROVISIONS FOR LIABILITIES

11

(1,899

)

(2,888

)

NET ASSETS

1,130,073

1,165,175

CAPITAL AND RESERVES

Called up share capital

12

500

500

Capital redemption reserve

500

500

Retained earnings

1,129,073

1,164,175

SHAREHOLDERS' FUNDS

1,130,073

1,165,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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 directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J G Self - Director

1.	STATUTORY INFORMATION

Rainsford Contracts Limited 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 and work in progress

Turnover arises from the increase in the value of work performed on contracts during the year. Where the outcome of a long-term contract can be estimated reliably and it is probable that the contract will be profitable, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date.

A prudent level of profit attributable to the contract activity is taken up only if the final outcome of such contracts can be reliably assessed.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised immediately.

Work in progress is stated at cost less a provision for foreseeable losses. Cost includes all expenditure related directly to specific projects and an appropriate allocation of fixed and variable overheads.

Intangible assets

Negative goodwill is initially measured as the market values of assets acquired less amounts paid. Negative goodwill is released to the profit and loss account in the period the underlying assets benefit the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life, on a straight line basis, as follows:

Plant & machinery etc

- 4 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

(314,939

)

Disposals

314,939

At 30 September 2024

-

AMORTISATION

At 1 October 2023

(314,939

)

Eliminated on disposal

314,939

At 30 September 2024

-

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

409,487

Additions

27,148

At 30 September 2024

436,635

DEPRECIATION

At 1 October 2023

311,121

Charge for year

47,083

At 30 September 2024

358,204

NET BOOK VALUE

At 30 September 2024

78,431

At 30 September 2023

98,366

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2023

146,086

Additions

22,555

At 30 September 2024

168,641

DEPRECIATION

At 1 October 2023

61,440

Charge for year

38,401

At 30 September 2024

99,841

NET BOOK VALUE

At 30 September 2024

68,800

At 30 September 2023

84,646

6.

DEBTORS

30.9.24

30.9.23

£

£

Amounts falling due within one year:

Trade debtors

395,710

1,228,221

Amounts recoverable on contract

2,082,702

3,230,263

Other debtors

856,898

270,299

3,335,310

4,728,783

Amounts falling due after more than one year:

Trade debtors

111,729

68,427

Aggregate amounts

3,447,039

4,797,210

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

250,000

250,000

Finance leases (see note 9)

33,923

27,637

Trade creditors

1,431,139

1,510,241

Taxation and social security

80,639

215,054

Other creditors

2,546,660

1,793,387

4,342,361

3,796,319

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

-

250,000

Finance leases (see note 9)

60,773

72,637

60,773

322,637

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

30.9.24

30.9.23

£

£

Net obligations repayable:

Within one year

33,923

27,637

Between one and five years

60,773

72,637

94,696

100,274

Non-cancellable

operating leases

30.9.24

30.9.23

£

£

Within one year

34,500

34,500

Between one and five years

31,625

66,125

66,125

100,625

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

250,000

500,000

At the balance sheet date the company's bankers and the director held a fixed and floating charge over all assets of the company.

11.	PROVISIONS FOR LIABILITIES

30.9.24

30.9.23

£

£

Deferred tax

1,899

2,888

Deferred

tax

£

Balance at 1 October 2023

2,888

Provided during year

(989

)

Balance at 30 September 2024

1,899

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

500

Ordinary

£1.00

500

500

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

Director

Balance outstanding at start of year

83,357

(9,266

)

Amounts advanced

283,639

127,449

Amounts repaid

(113,500

)

(34,826

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

253,496

83,357

Interest was charged on the loan to the director at a rate of 2.25% per annum.