Restormel Building Contractors Limited

Registered number

05889078

Unaudited Filleted Accounts

31 March 2025

Restormel Building Contractors Limited
Registered number:		05889078
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		49,342			24,269

Current assets
Stocks		93,337			286,337
Debtors	4	58,918			120,161
Cash at bank and in hand		748,209			385,190
		900,464			791,688

Creditors: amounts falling due within one year	5	(117,321)			(48,986)

Net current assets			783,143			742,702

Total assets less current liabilities			832,485			766,971

Creditors: amounts falling due after more than one year	6		-			(12,634)



Net assets			832,485			754,337

Capital and reserves
Called up share capital			2			2
Profit and loss account			832,483			754,335

Shareholders' funds			832,485			754,337

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




I Carter
Director
Approved by the board on 1 December 2025

Restormel Building Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% on the reducing balance
	Motor vehicles	25% on the reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	4,050		53,185		57,235
	Additions	-		63,801		63,801
	Disposals	-		(43,685)		(43,685)
	At 31 March 2025	4,050		73,301		77,351

	Depreciation
	At 1 April 2024	3,329		29,637		32,966
	Charge for the year	180		16,267		16,447
	On disposals	-		(21,404)		(21,404)
	At 31 March 2025	3,509		24,500		28,009

	Net book value
	At 31 March 2025	541		48,801		49,342
	At 31 March 2024	721		23,548		24,269


4	Debtors			2025		2024
£					£

	Trade debtors			6,658		57,257
	Other debtors			52,260		62,904
				58,918		120,161


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			-		4,211
	Trade creditors			100,138		22,989
	Taxation and social security costs			16,565		21,786
	Other creditors			618		-
				117,321		48,986


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			-		12,634


7	Other information

	Restormel Building Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Barn, High Street
	Lanjeth
	St Austell
	Cornwall
	PL26 7TD