Report of the Directors and Financial Statements

R A K Construction (South West) Ltd

The principal activity of the company in the year under review was that of builders.

No contributions to political or charitable organisations were made during the year.

It is the company's policy to give employment to disabled persons wherever practicable. At present none of our full time staff is registered disabled.

These accounts have been prepared in accordance with the special provisions in part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standards for Smaller Entities (Effective April 2008)

The Members have not required the company to obtain an audit of its financial statements for the financial year in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.

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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Fixed Asset Investments

No Fixed Asset Investments were held.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

No assets were obtained under hire purchase contracts or finance leases.

Expenditure on research and development is written off in the year in which it is incurred.

Despite net current liabilities of £73,430 at 30th June 2025, the accounts have been prepared on a going concern basis. The director has reviewed future cash flows and expressed his willingness to financially support the company for the foreseeable future and therefore considers it appropriate to prepare the financial statements on a going concern basis.