Rhos Construction Limited - Filleted accounts

Registered number

03178444

Rhos Construction Limited

Filleted Accounts

31 December 2025

Rhos Construction Limited
Registered number:		03178444
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		264,940			289,594

Current assets
Debtors	4	2,211,756			2,469,187
Cash at bank and in hand		133,660			519,950
		2,345,416			2,989,137

Creditors: amounts falling due within one year	5	(544,012)			(645,718)

Net current assets			1,801,404			2,343,419

Total assets less current liabilities			2,066,344			2,633,013

Creditors: amounts falling due after more than one year	6		(66,846)			(51,980)

Provisions for liabilities			-			(55,023)


Net assets			1,999,498			2,526,010

Capital and reserves
Called up share capital			1,001			1,001
Profit and loss account			1,998,497			2,525,009

Shareholders' funds			1,999,498			2,526,010

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.



Julian Chenoweth
Director
Approved by the board on 20 July 2026

Rhos Construction Limited
Notes to the Accounts
for the year ended 31 December 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:

	Plant and machinery			15% reducing balance
	Motor vehicles			15% reducing balance
	Leasehold improvements			Over 7 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		17


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	-		251,900		418,017		669,917
	Additions	12,799		8,501		108,872		130,172
	Disposals	-		(121,698)		(166,951)		(288,649)
	At 31 December 2025	12,799		138,703		359,938		511,440

	Depreciation
	At 1 January 2025	-		153,637		226,686		380,323
	Charge for the year	1,828		7,686		27,185		36,699
	On disposals	-		(67,643)		(102,879)		(170,522)
	At 31 December 2025	1,828		93,680		150,992		246,500

	Net book value
	At 31 December 2025	10,971		45,023		208,946		264,940
	At 31 December 2024	-		98,263		191,331		289,594


4	Debtors					2025		2024
£							£

	Trade debtors					1,202,330		1,491,889
	Deferred tax asset					51,510		-
	Other debtors					957,916		977,298
						2,211,756		2,469,187


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

	Bank loans and overdrafts					1,070		2,680
	Obligations under finance lease and hire purchase contracts					36,232		18,394
	Trade creditors					212,357		181,544
	Taxation and social security costs					31,599		176,538
	Other creditors					262,754		266,562
						544,012		645,718


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

	Obligations under finance lease and hire purchase contracts					66,846		51,980


7	Related party transactions

	At the period end the company owed £29,311 (2024: £71,311) to Mr Brian George Chenoweth and Mrs Valerie Iris Chenoweth, directors. The loan is interest free and repayable on demand. At the period end the company was owed £5,096 (2024: £2,068 owed to) by Mr Simon Chenoweth, director. The loan is interest free and repayable on demand. At the period end the company was owed £722,242 (2024: £722,208) by Rhosnoweth Developments Limited, a company owned by Mr Brian George Chenoweth, Mrs Valerie Iris Chenoweth, Mr Simon Leonard Chenoweth & Mr Julian Winston Chenoweth, directors, and ultimately controlled by Mr Julian Winston Chenoweth, majority shareholder. The loan is interest free and repayable on demand. At the period end £688,250 of the total trade debtors were owed by Rhosnoweth Developments Limited, a company owned by Mr Brian George Chenoweth, Mrs Valerie Iris Chenoweth, Mr Simon Leonard Chenoweth & Mr Julian Winston Chenoweth, directors, and ultimately controlled by Mr Julian Winston Chenoweth, majority shareholder.


8	Controlling party

	The company is ultimately controlled by Mr Julian Winston Chenoweth, who owns 51% of the voting share capital.


9	Other information

	Rhos Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 9 Unit 9 Chenoweths Business Park
	Ruanhighlanes
	Truro
	England
	TR2 5JT