R B Construction (South West) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

R B Construction (South West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09372307 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision

of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,

returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.4. 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:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. 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.

2.6. Stocks and Work in Progress

Work in progress comprises the purchase of the land and property, the direct costs and, where applicable, those overheads that have been incurred in bringing the work in progress to their present state and condition. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount

is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in

profit or loss.

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R B Construction (South West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. 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: 4 (2025: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	34,135	68,469	3,455	106,059
Additions	3,904	-	667	4,571

As at 31 January 2026	38,039	68,469	4,122	110,630

Depreciation
As at 1 February 2025	19,773	24,856	1,385	46,014
Provided during the period	4,567	10,903	685	16,155

As at 31 January 2026	24,340	35,759	2,070	62,169

Net Book Value
As at 31 January 2026	13,699	32,710	2,052	48,461

As at 1 February 2025	14,362	43,613	2,070	60,045

5. Stocks

	2026	2025
	£	£
Work in progress	50,000	80,000

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R B Construction (South West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	6,001
Other debtors	1,657	600

	1,657	6,601

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	6,571	9,811
Trade creditors	5,161	2,795
Bank loans and overdrafts	3,335	10,000
Other creditors	65,840	50,559
Taxation and social security	9,865	6,585

	90,772	79,750

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	15,634	21,792
Bank loans	-	3,334

	15,634	25,126

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,571	9,811
Later than one year and not later than five years	15,634	21,792

	22,205	31,603

	22,205	31,603

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	400	400

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R B Construction (South West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Related Party Transactions

During the year the company made advances totalling £31,486 (2025: £55,154) to the directors Mr and Mrs Richardson. Mr and Mrs Richardson repaid £2,562 (2025: £128,562) during the year. The balance outstanding as at 31 January 2026 was £11,236 owed by the directors (2025: £17,689). Interest is charged at HMRC official rates per annum and is calculated on a monthly basis. Interest of £55 (2025: £512) was charged on the outstanding balance during the

year.

The maximum overdrawn balance during the year was £11,236 (2025: £45,812).

During the year the company made advances totalling £7,700 (2025: £35,674) to the directors Mr and Mrs Bailey. Mr and Mrs Bailey repaid £2,562 (2025: £91,300) during the year. The balance outstanding as at 31 January 2026 was £5,283 (2025: £50). Interest is charged at HMRC official rates per annum and is calculated on a monthly basis. Interest of £194 (2025: £479) was charged on the outstanding balance during the year.

The maximum overdrawn balance during the year was £6,749 (2025: £26,656).

During the year the company made sub contractor payments of £29,357 (2025: £18,150) to S R Construction (South West) Limited. Mr and Mrs Richardson are the shareholders of this company, and Mr Richardson the sole director.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		48,461		60,045

			48,461		60,045
CURRENT ASSETS
Stocks	5	50,000		80,000
Debtors	6	1,657		6,601
Cash at bank and in hand		15,951		30,141

		67,608		116,742
Creditors: Amounts Falling Due Within One Year	7	(90,772 )		(79,750 )

NET CURRENT ASSETS (LIABILITIES)			(23,164 )		36,992

TOTAL ASSETS LESS CURRENT LIABILITIES			25,297		97,037

Creditors: Amounts Falling Due After More Than One Year	8		(15,634 )		(25,126 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(15,012 )

NET ASSETS			9,663		56,899

CAPITAL AND RESERVES
Called up share capital	10		400		400
Profit and Loss Account			9,263		56,499

SHAREHOLDERS' FUNDS			9,663		56,899