RPS Construction Projects Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09621186 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2022

for

RPS Construction Projects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R P Stephenson

SECRETARY:

REGISTERED OFFICE:

Unit 14 Elgar business centre

Mosley Road

Hallow

Worcester

Worcestershire

WR2 6NJ

REGISTERED NUMBER:

09621186 (England and Wales)

ACCOUNTANTS:

SW&A Accountants

Unit 14

Elgar Business Centre

Moseley Road

Worcester

Worcestershire

WR2 6NJ

FIXED ASSETS

Tangible assets

4

19,830

24,368

CURRENT ASSETS

Debtors

5

11,851

8,059

Cash at bank

27,356

5,830

39,207

13,889

CREDITORS

Amounts falling due within one year

6

52,257

32,968

NET CURRENT LIABILITIES

(13,050

)

(19,079

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,780

5,289

PROVISIONS FOR LIABILITIES

3,768

4,630

NET ASSETS

3,012

659

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,912

559

3,012

659

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

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

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 February 2023 and were signed by:

R P Stephenson - Director

1.	STATUTORY INFORMATION

RPS Construction Projects 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.

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 etc

-

33% on cost and 25% 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.

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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

33,069

Additions

2,177

At 31 May 2022

35,246

DEPRECIATION

At 1 June 2021

8,701

Charge for year

6,715

At 31 May 2022

15,416

NET BOOK VALUE

At 31 May 2022

19,830

At 31 May 2021

24,368

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other debtors

11,851

8,059

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans and overdrafts

7,958

10,293

Hire purchase contracts

13,477

21,172

Trade creditors

2,164

196

Taxation and social security

4,308

-

Other creditors

24,350

1,307

52,257

32,968