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Company Registration No. 11651862 (England and Wales)
RS Build Work Ltd Unaudited accounts for the year ended 31 October 2024
RS Build Work Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
RS Build Work Ltd Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
9,808
6,501
Current assets
Inventories
16,940
-
Debtors
5
9,200
-
Cash at bank and in hand
317
1,295
26,457
1,295
Creditors: amounts falling due within one year
6
(31,986)
(11,537)
Net current liabilities
(5,529)
(10,242)
Total assets less current liabilities
4,279
(3,741)
Creditors: amounts falling due after more than one year
7
(3,442)
-
Net assets/(liabilities)
837
(3,741)
Capital and reserves
Called up share capital
100
100
Profit and loss account
737
(3,841)
Shareholders' funds
837
(3,741)
For the year ending 31 October 2024 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 director acknowledges his 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 and authorised for issue on 31 July 2025 and were signed on its behalf by
Sunny Saini Director Company Registration No. 11651862
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RS Build Work Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
RS Build Work Ltd is a private company, limited by shares, registered in England and Wales, registration number 11651862. The registered office is 329 Rugby Road, Dagenham, RM9 4AU, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
33.33% straight line basis
Turnover
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.
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 November 2023
13,000
Additions
11,460
At 31 October 2024
24,460
Depreciation
At 1 November 2023
6,499
Charge for the year
8,153
At 31 October 2024
14,652
Net book value
At 31 October 2024
9,808
At 31 October 2023
6,501
- 4 -
RS Build Work Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
9,200
-
6
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
2,905
-
Other creditors
4,661
620
Loans from directors
24,420
10,917
31,986
11,537
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
3,442
-
8
Controlling party
The company was under the control of Mr Sunny Saini throughout the current and previous year. Mr Saini is the managing director and majority shareholder.
9
Average number of employees
During the year the average number of employees was 3 (2023: 0).
- 5 -