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Company Registration No. 10316010 (England and Wales)
RC DEVELOPMENTS REYNOLDS COSTIN LIMITED Unaudited accounts for the year ended 31 August 2025
RC DEVELOPMENTS REYNOLDS COSTIN LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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RC DEVELOPMENTS REYNOLDS COSTIN LIMITED Company Information for the year ended 31 August 2025
Directors
Lee Reynolds Craig Costin
Company Number
10316010 (England and Wales)
Registered Office
112-113 High Street Lincoln LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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RC DEVELOPMENTS REYNOLDS COSTIN LIMITED Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
28,806
30,044
Current assets
Debtors
5
39,203
21,946
Cash at bank and in hand
23,096
75,802
62,299
97,748
Creditors: amounts falling due within one year
6
(63,688)
(49,446)
Net current (liabilities)/assets
(1,389)
48,302
Total assets less current liabilities
27,417
78,346
Creditors: amounts falling due after more than one year
7
(12,116)
(27,759)
Provisions for liabilities
Deferred tax
8
(5,416)
(5,652)
Net assets
9,885
44,935
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
9,785
44,835
Shareholders' funds
9,885
44,935
For the year ending 31 August 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 16 February 2026 and were signed on its behalf by
Lee Reynolds Director Company Registration No. 10316010
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RC DEVELOPMENTS REYNOLDS COSTIN LIMITED Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
RC DEVELOPMENTS REYNOLDS COSTIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10316010. The registered office is 112-113 High Street, Lincoln, LN5 7PY, 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:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
25% Reducing balance
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.
Leased & Hire purchase assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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RC DEVELOPMENTS REYNOLDS COSTIN LIMITED Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
19,170
44,968
700
64,838
Additions
-
5,500
499
5,999
At 31 August 2025
19,170
50,468
1,199
70,837
Depreciation
At 1 September 2024
15,233
18,936
625
34,794
Charge for the year
787
6,306
144
7,237
At 31 August 2025
16,020
25,242
769
42,031
Net book value
At 31 August 2025
3,150
25,226
430
28,806
At 31 August 2024
3,937
26,032
75
30,044
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
20,260
23,150
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,381
1,573
Trade debtors
2,394
6,426
Other debtors
35,428
13,947
39,203
21,946
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
7,500
10,000
Obligations under finance leases and hire purchase contracts
8,144
8,145
Trade creditors
3,490
4,910
Taxes and social security
7,260
11,341
Loans from directors
370
403
Accruals
1,496
700
Deferred income
35,428
13,947
63,688
49,446
inder of a Government supported bounce back loan has a further 9 months to complete the repayment agreement £7,500
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RC DEVELOPMENTS REYNOLDS COSTIN LIMITED Notes to the Accounts for the year ended 31 August 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
7,500
Obligations under finance leases and hire purchase contracts
12,116
20,259
12,116
27,759
A balloon payment of some £12,116 will be due to be paid in Yr 2.
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
5,416
5,652
2025
2024
£
£
Provision at start of year
5,652
7,375
Credited to the profit and loss account
(236)
(1,723)
Provision at end of year
5,416
5,652
A cumulative deferred taxation reserve of some £5,416 due to accelerated capital allowances. This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Capital commitments
2025
2024
£
£
There were no future capital commitments to report.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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