Redridge Building Contractors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04453219 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

Redridge Building Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Redington

D Redington

REGISTERED OFFICE:

Suite 3

The Monument

45-47 Monument Hill

Weybridge

Surrey

KT13 8RN

REGISTERED NUMBER:

04453219 (England and Wales)

FIXED ASSETS

Tangible assets

4

65,455

73,594

CURRENT ASSETS

Debtors

5

1,770,662

2,443,453

Prepayments and accrued income

578,221

4,675

Cash at bank and in hand

537,633

27,391

2,886,516

2,475,519

CREDITORS

Amounts falling due within one year

6

801,864

1,242,283

NET CURRENT ASSETS

2,084,652

1,233,236

TOTAL ASSETS LESS CURRENT LIABILITIES

2,150,107

1,306,830

CREDITORS

Amounts falling due after more than one year

7

950,140

229,730

NET ASSETS

1,199,967

1,077,100

CAPITAL AND RESERVES

Called up share capital

142

142

Share premium

999,958

999,958

Retained earnings

199,867

77,000

SHAREHOLDERS' FUNDS

1,199,967

1,077,100

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 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 28 June 2021 and were signed on its behalf by:

D Redington - Director

1.	STATUTORY INFORMATION

Redridge Building Contractors 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.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

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.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2019 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 October 2019

and 30 September 2020

1,650

26,860

3,240

DEPRECIATION

At 1 October 2019

910

22,783

2,316

Charge for year

165

815

185

At 30 September 2020

1,075

23,598

2,501

NET BOOK VALUE

At 30 September 2020

575

3,262

739

At 30 September 2019

740

4,077

924

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2019

and 30 September 2020

80,415

20,721

132,886

DEPRECIATION

At 1 October 2019

14,452

18,831

59,292

Charge for year

6,596

378

8,139

At 30 September 2020

21,048

19,209

67,431

NET BOOK VALUE

At 30 September 2020

59,367

1,512

65,455

At 30 September 2019

65,963

1,890

73,594

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

1,218,498

1,306,362

Other debtors

552,164

1,137,091

1,770,662

2,443,453

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

-

19,923

Trade creditors

640,411

1,119,583

Taxation and social security

143,651

82,156

Other creditors

17,802

20,621

801,864

1,242,283

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Hire purchase contracts

5,327

10,226

Other creditors

944,813

219,504

950,140

229,730

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2020 and the period ended 30 September 2019:

30.9.20

30.9.19

£

£

S Redington

Balance outstanding at start of year

7,849

(71,341

)

Amounts advanced

1,000

79,190

Amounts repaid

(8,850

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1

)

7,849

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S Redington.