R.J.M. Contracting Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07543507 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2022

for

R.J.M. Contracting Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R J Manning

REGISTERED OFFICE:

26 Sansome Walk

Worcester

Worcestershire

WR1 1LX

REGISTERED NUMBER:

07543507 (England and Wales)

ACCOUNTANTS:

Smart Accountancy Solutions Limited

26 Sansome Walk

Worcester

WR1 1LX

BANKERS:

National Westminster Bank plc

124 High Street

Bromsgrove

Worcestershire

B61 8HJ

FIXED ASSETS

Tangible assets

4

25,986

34,982

CURRENT ASSETS

Debtors

35,524

10,937

Cash at bank and in hand

68,865

101,923

104,389

112,860

CREDITORS

Amounts falling due within one year

42,387

41,320

NET CURRENT ASSETS

62,002

71,540

TOTAL ASSETS LESS CURRENT LIABILITIES

87,988

106,522

CREDITORS

Amounts falling due after more than one year

5

32,262

42,015

NET ASSETS

55,726

64,507

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

55,725

64,506

SHAREHOLDERS' FUNDS

55,726

64,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 12 December 2022 and were signed by:

Mr R J Manning - Director

1.	STATUTORY INFORMATION

R.J.M. Contracting 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, adjusted for transactions costs. Debt instruments are a subsequently carried at amortised cost, using the effective interest method. Where the arrangement constitutes a financing transaction, the debt instrument is measured at present value of future receipts, discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

66,267

Disposals

(7,115

)

At 31 March 2022

59,152

DEPRECIATION

At 1 April 2021

31,285

Charge for year

5,886

Eliminated on disposal

(4,005

)

At 31 March 2022

33,166

NET BOOK VALUE

At 31 March 2022

25,986

At 31 March 2021

34,982

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.22

31.3.21

£

£

Repayable by instalments

Bank loan

-

1,738

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

Mr R J Manning

Balance outstanding at start of year

4,307

-

Amounts advanced

9,850

4,307

Amounts repaid

(4,307

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,850

4,307

The director's loan was repaid within 9 months of the year end.