R I Design & Build Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07218777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

R I Design & Build Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Chadd

REGISTERED OFFICE:

Unit 6 Bencewell Farm

Oakley Road

Bromley

Kent

BR2 8HG

REGISTERED NUMBER:

07218777 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

7,476

9,346

CURRENT ASSETS

Stocks

660,608

1,065,300

Debtors

6

2,875,810

1,731,432

Cash at bank

1,042

1,877

3,537,460

2,798,609

CREDITORS

Amounts falling due within one year

7

(2,728,054

)

(2,614,621

)

NET CURRENT ASSETS

809,406

183,988

TOTAL ASSETS LESS CURRENT LIABILITIES

816,882

193,334

CREDITORS

Amounts falling due after more than one year

8

(235,000

)

-

NET ASSETS

581,882

193,334

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

581,782

193,234

581,882

193,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 17 May 2021 and were signed by:

N J Chadd - Director

1.	STATUTORY INFORMATION

R I Design & Build Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Motor vehicles

-

20% on reducing balance

Stocks

Stock and Work in progress is valued at the lower of cost and estimated selling price less costs to complete.

Cost of stock and work in progress comprises cost of land, direct labour and materials costs, carriage and handling costs, finance and legal costs and those overheads that have been incurred in bringing stocks and work in progress to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 June 2019

and 31 May 2020

14,850

DEPRECIATION

At 1 June 2019

5,504

Charge for year

1,870

At 31 May 2020

7,374

NET BOOK VALUE

At 31 May 2020

7,476

At 31 May 2019

9,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

1,161,491

755,413

Other debtors

1,714,319

976,019

2,875,810

1,731,432

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

668,959

27,229

Taxation and social security

183,863

64,364

Other creditors

1,875,232

2,523,028

2,728,054

2,614,621

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans

235,000

-

9.	RELATED PARTY DISCLOSURES