Company Registration No. 07508068 (England and Wales)
RWMC Installations Limited
Unaudited accounts
for the year ended 31 March 2019
RWMC Installations Limited
Unaudited accounts
Contents
RWMC Installations Limited
Company Information
for the year ended 31 March 2019
Company Number
07508068 (England and Wales)
Registered Office
Old Hall Farm
Derby Road
Swarkestone
Derbyshire
DE73 7JB
United Kingdom
RWMC Installations Limited
Statement of financial position
as at 31 March 2019
Tangible assets
6,633
13,806
Cash at bank and in hand
(10,527)
15,032
Creditors: amounts falling due within one year
(85,988)
(154,600)
Net current liabilities
(5,702)
(10,790)
Total assets less current liabilities
931
3,016
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
169
1,321
Shareholders' funds
171
1,323
For the year ending 31 March 2019 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 director acknowledges his 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.
Approved by the Board on 30 November 2019.
Ryan Williams
Director
Company Registration No. 07508068
RWMC Installations Limited
Notes to the Accounts
for the year ended 31 March 2019
RWMC Installations Limited is a private company, limited by shares, registered in England and Wales, registration number 07508068. The registered office is Old Hall Farm, Derby Road, Swarkestone, Derbyshire, DE73 7JB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on Reducing Balance
Motor vehicles
15% on Reducing Balance
Fixtures & fittings
15% on Reducing Balance
Computer equipment
15% on Reducing Balance
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.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
RWMC Installations Limited
Notes to the Accounts
for the year ended 31 March 2019
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
5,843
11,500
3,193
6,744
27,280
Disposals
-
(11,500)
-
-
(11,500)
At 31 March 2019
5,843
-
3,193
6,744
15,780
At 1 April 2018
3,159
5,496
1,137
3,682
13,474
Charge for the year
402
-
308
459
1,169
On disposals
-
(5,496)
-
-
(5,496)
At 31 March 2019
3,561
-
1,445
4,141
9,147
At 31 March 2019
2,282
-
1,748
2,603
6,633
At 31 March 2018
2,684
6,004
2,056
3,062
13,806
Work in progress
26,782
36,737
Trade debtors
64,031
92,041
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
32,169
44,782
Taxes and social security
38,773
37,519
Other creditors
15,046
72,265
RWMC Installations Limited
Notes to the Accounts
for the year ended 31 March 2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
10,000
-
10,000
-
10
Average number of employees
During the year the average number of employees was 7 (2018: 7).
