RFW Ltd - Filleted accounts

Registered number

05212648

RFW Ltd

Filleted Accounts

31 March 2025

RFW Ltd
Registered number:		05212648
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		99,739			58,669

Current assets
Debtors	4	93,559			77,760
Cash at bank and in hand		108,257			72,502
		201,816			150,262

Creditors: amounts falling due within one year	5	(117,631)			(59,821)

Net current assets			84,185			90,441

Total assets less current liabilities			183,924			149,110

Creditors: amounts falling due after more than one year	6		(59,725)			(34,321)



Net assets			124,199			114,789

Capital and reserves
Called up share capital			100			100
Profit and loss account			124,099			114,689

Shareholder's funds			124,199			114,789

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Richard Wagstaffe
Director
Approved by the board on 7 May 2025

RFW Ltd
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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			9		8


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	20,045		113,390		133,435
	Additions	163		73,626		73,789
	Disposals	-		(42,619)		(42,619)
	At 31 March 2025	20,208		144,397		164,605

	Depreciation
	At 1 April 2024	17,988		56,778		74,766
	Charge for the year	2,090		37,403		39,493
	On disposals	-		(49,393)		(49,393)
	At 31 March 2025	20,078		44,788		64,866

	Net book value
	At 31 March 2025	130		99,609		99,739
	At 31 March 2024	2,057		56,612		58,669


4	Debtors			2025		2024
£					£

	Trade debtors			93,559		77,760


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

	Bank loans and overdrafts			24,156		15,528
	Trade creditors			94,656		44,757
	Corporation tax			8,348		15,894
	Other taxes and social security costs			(13,632)		(17,251)
	Short term loan			2,281		-
	Other creditors			1,822		893
				117,631		59,821


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

	Bank loans			59,725		34,321


7	Events after the reporting date

	There were no post balance sheet events that would have had a material effect upon the company's state of affairs.


8	Controlling party

	During the period under review the company was under the control of the director and shareholder Mr R Wagstaffe.


9	Other information

	RFW Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 21, The Sidings
	Hound Road
	Netley
	Southampton
	SO31 5QA