R.G.D. Building Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04604785 (England and Wales)

Financial Statements

for the Year Ended 31 March 2021

for

R.G.D. Building Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M B Major

B Mutton

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

04604785 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

309,022

318,610

Investment property

6

865,000

865,000

1,174,022

1,183,610

CURRENT ASSETS

Debtors

7

84,549

87,410

Cash at bank

657,339

473,490

741,888

560,900

CREDITORS

Amounts falling due within one year

8

242,940

195,741

NET CURRENT ASSETS

498,948

365,159

TOTAL ASSETS LESS CURRENT LIABILITIES

1,672,970

1,548,769

PROVISIONS FOR LIABILITIES

9

32,406

34,327

NET ASSETS

1,640,564

1,514,442

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

140,785

140,785

Retained earnings

10

1,499,679

1,373,557

SHAREHOLDERS' FUNDS

1,640,564

1,514,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 31 August 2021 and were signed on its behalf by:

M B Major - Director

1.	STATUTORY INFORMATION

R.G.D. Building Services 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period. An adjustment is made for the value of uninvoiced work at the start and end of the period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 a reducing balance basis.

Fixtures,Fittings & Equipment

30% on a reducing balance basis.

Motor Vehicles

25% on a reducing balance basis.

Investment property

Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a Non-distributable reserve.

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 7 (2020 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

60,000

AMORTISATION

At 1 April 2020

and 31 March 2021

60,000

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2020

194,802

278,387

64,630

2,457

540,276

Additions

518

25,099

-

-

25,617

Disposals

-

(24,700

)

-

-

(24,700

)

At 31 March 2021

195,320

278,786

64,630

2,457

541,193

DEPRECIATION

At 1 April 2020

-

180,977

38,774

1,915

221,666

Charge for year

-

23,485

6,465

164

30,114

Eliminated on disposal

-

(19,609

)

-

-

(19,609

)

At 31 March 2021

-

184,853

45,239

2,079

232,171

NET BOOK VALUE

At 31 March 2021

195,320

93,933

19,391

378

309,022

At 31 March 2020

194,802

97,410

25,856

542

318,610

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

865,000

NET BOOK VALUE

At 31 March 2021

865,000

At 31 March 2020

865,000

Fair value at 31 March 2021 is represented by:

£

Valuation in 2016

748,905

Valuation in 2017

57,913

Valuation in 2018

58,182

865,000

If the properties had not been revalued they would have been included at the following historical cost:

31.3.21

31.3.20

£

£

Cost

714,550

714,550

Investment properties were valued on an open market basis on 31 March 2021 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

39,929

61,220

Amounts recoverable on

contracts

41,286

19,352

Other debtors

-

900

Prepayments

3,334

5,938

84,549

87,410

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

26,893

26,170

Corporation Tax

58,756

34,882

Social security and other taxes

6,501

4,340

Pension

186

103

VAT

25,500

606

Net wages control

1,318

1,294

Directors' current accounts

122,051

126,454

Accrued expenses

1,735

1,892

242,940

195,741

9.	PROVISIONS FOR LIABILITIES

31.3.21

31.3.20

£

£

Deferred tax

Accelerated capital allowances

21,603

23,524

Investment properties

10,803

10,803

32,406

34,327

Deferred

tax

£

Balance at 1 April 2020

34,327

Credit to Income Statement during year

(1,921

)

Balance at 31 March 2021

32,406

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2020

1,373,557

140,785

1,514,342

Profit for the year

242,122

-

242,122

Dividends

(116,000

)

-

(116,000

)

At 31 March 2021

1,499,679

140,785

1,640,464

The Non-distributable reserve reflects the fair value movements in the investment properties, as adjusted for the deferred tax effect. The reserve is not available for distribution as dividends..