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Registered number: 04717840
R & R Services (Devon) Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
TS Partners Ltd
4-5 Russell Court
Palace Street
Plymouth
PL1 2AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04717840
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 318,384 343,941
Investments 6 15 15
318,399 343,956
CURRENT ASSETS
Stocks 7 18,000 9,601
Debtors 8 591,234 529,594
Cash at bank and in hand 202,436 203,209
811,670 742,404
Creditors: Amounts Falling Due Within One Year 9 (359,320 ) (351,059 )
NET CURRENT ASSETS (LIABILITIES) 452,350 391,345
TOTAL ASSETS LESS CURRENT LIABILITIES 770,749 735,301
Creditors: Amounts Falling Due After More Than One Year 10 (52,236 ) (78,877 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,343 ) (18,343 )
NET ASSETS 700,170 638,081
CAPITAL AND RESERVES
Called up share capital 12 500 500
Revaluation reserve 13 73,132 73,132
Profit and Loss Account 626,538 564,449
SHAREHOLDERS' FUNDS 700,170 638,081
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Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Edwards
Director
02/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
R & R Services (Devon) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04717840 . The registered office is Four Oaks Miry Lane, Kentisbeare, Cullompton, Devon, EX15 2HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements Over 50 Years
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 35)
19 35
4. Intangible Assets
Other
£
Cost
As at 1 June 2024 100,000
As at 31 May 2025 100,000
Amortisation
As at 1 June 2024 100,000
As at 31 May 2025 100,000
Net Book Value
As at 31 May 2025 -
As at 1 June 2024 -
5. Tangible Assets
Land & Property
Improvements Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2024 148,912 374,503 521,104 1,044,519
Additions - 44,036 - 44,036
As at 31 May 2025 148,912 418,539 521,104 1,088,555
...CONTINUED
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Depreciation
As at 1 June 2024 27,392 314,164 359,022 700,578
Provided during the period 2,978 26,094 40,521 69,593
As at 31 May 2025 30,370 340,258 399,543 770,171
Net Book Value
As at 31 May 2025 118,542 78,281 121,561 318,384
As at 1 June 2024 121,520 60,339 162,082 343,941
6. Investments
Unlisted
£
Cost or Valuation
As at 1 June 2024 15
As at 31 May 2025 15
Provision
As at 1 June 2024 -
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 15
As at 1 June 2024 15
7. Stocks
2025 2024
£ £
Stocks 18,000 9,601
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 501,091 442,700
Other debtors 90,143 86,894
591,234 529,594
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 47,572 70,300
Trade creditors 112,427 119,356
Corporation tax 21,638 -
Other taxes and social security 66,453 57,791
Other creditors 104,635 101,176
Accruals and deferred income 6,595 2,436
359,320 351,059
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10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 52,236 78,877
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 47,572 70,300
Later than one year and not later than five years 52,236 78,877
99,808 149,177
99,808 149,177
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 500 500
13. Reserves
Revaluation Reserve
£
As at 1 June 2024 73,132
As at 31 May 2025 73,132
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