R M & C Consultants Limited - Accounts to registrar (filleted) - small 18.2

R M & C Consultants Limited - Accounts to registrar (filleted) - small 18.2

R M & C CONSULTANTS LTD. - Company Information

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REGISTERED NUMBER: 04208069 (England and Wales)













Unaudited Financial Statements for the Year Ended 30 September 2020

for

R M & C Consultants Limited
R M & C Consultants Limited (Registered number: 04208069)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


R M & C Consultants Limited

Company Information
for the Year Ended 30 September 2020







DIRECTORS: Mr O C Parker
Mr D M Allen
Mr G Campbell
Mrs S Allen





REGISTERED OFFICE: Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG





BUSINESS ADDRESS: Suthernwood View
Woodcote Road
South Stoke
Reading
Berkshire
RG8 0JJ





REGISTERED NUMBER: 04208069 (England and Wales)





Page 1
R M & C Consultants Limited

Company Information
for the Year Ended 30 September 2020







ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG
Page 2
R M & C Consultants Limited (Registered number: 04208069)

Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,045 3,609

CURRENT ASSETS
Debtors 5 35,136 39,805
Cash at bank 52,380 8,010
87,516 47,815
CREDITORS
Amounts falling due within one year 6 78,489 34,242
NET CURRENT ASSETS 9,027 13,573
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,072
17,182

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 10,972 17,082
SHAREHOLDERS' FUNDS 11,072 17,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 3 continued...
R M & C Consultants Limited (Registered number: 04208069)

Balance Sheet - continued
30 September 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2021 and were signed on its behalf by:




Mr O C Parker - Director



Mr D M Allen - Director


The notes form part of these financial statements

Page 4
R M & C Consultants Limited (Registered number: 04208069)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

R M & C Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - straight line over 3 years

Page 5 continued...
R M & C Consultants Limited (Registered number: 04208069)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

2. ACCOUNTING POLICIES - continued

Government grants
Coronavirus Job Retention Scheme
The company has furloughed staff during the Covid-19 pandemic and made claims for government furlough grants. The grants are recognised on an accruals basis, matched in the period against the staff costs that they relate to, and recorded as grant income in the accounts.

Small Business Grant Fund
The company met the criteria for the Small Business Grant Fund due to coronavirus and has received a grant from the local council which is recorded as grant income. As the company met the criteria for business rates relief at the qualification date of 11 March 2020, the grant has been recognised and received in full at the balance sheet date and is not deferred in any way.

Rent holiday
Due to the cashflow uncertainties arising from the Covid-19 pandemic, the company has benefited from a reduced rent from its landlord. The tenancy has since ceased and the reduced rent for the period has been waived in full and the rent charge in the profit & loss account has been reduced by the full amount of the reduction.

Coronavirus Bounce Back Loan Scheme
The company has received a Coronavirus Bounce Back Loan. Under the terms of the loan, the government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year. After the first 12 months the loan is repayable by equal monthly instalments over 5 years. In the accounts, the initial interest paid by the government has been recognised as an interest charge and as grant income in the profit and loss account.

Deferral of VAT payments due to coronavirus
The company has taken advantage of the government scheme whereby any VAT payments arising between 20 March and 30 June 2020 can be deferred and will be paid in full on or before 31 March 2021. The deferred VAT liability is recognised within current liabilities and has been settled since the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 6 continued...
R M & C Consultants Limited (Registered number: 04208069)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern basis
The company has prepared cashflow forecasts which indicate that the company will be a going concern for the foreseeable future, so the accounts have been prepared on a going concern basis. However, with the Covid-19 pandemic, there is significant uncertainty relating to the underlying assumptions but any impact cannot be quantified at this stage.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 6 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2019 5,254
Additions 250
At 30 September 2020 5,504
DEPRECIATION
At 1 October 2019 1,645
Charge for year 1,814
At 30 September 2020 3,459
NET BOOK VALUE
At 30 September 2020 2,045
At 30 September 2019 3,609

Page 7 continued...
R M & C Consultants Limited (Registered number: 04208069)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 32,075 37,029
Other debtors 3,061 2,776
35,136 39,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans and overdrafts 25,000 -
Taxation and social security 37,116 21,265
Other creditors 16,373 12,977
78,489 34,242

7. CALLED UP SHARE CAPITAL



Allotted and issued:
Number: Class: Nominal 30.9.20 30.9.19
value: £    £   
100 Ordinary A £1 100 100

8. POST BALANCE SHEET EVENTS

Since the company's year end, the Covid-19 pandemic has continued to evolve at a fast pace and it is not practicable to quantify the potential financial impact on the company at the time of writing. This is considered to be a non-adjusting post balance sheet event.

After the initial downturn in business during the first lockdown, the company has since been able to continue to operate and, although there remains uncertainty over the economy due to the pandemic, at this stage the directors do not expect Covid-19 to have a significant impact on its future trading activities. The company has furloughed staff where appropriate and has taken advantage of tax deferrals and has applied for the grants and loans as announced under the government's financial response to the pandemic to ensure that it has sufficient cashflow to meet its financial obligations as they fall due.

The directors forecast that the company will have sufficient cash reserves to continue to trade for the foreseeable future and therefore, the accounts have been prepared on a going concern basis and no adjustments have been made arising from the impact of Covid-19.

Page 8