RPS DRAINAGE SERVICES LIMITED

RPS DRAINAGE SERVICES LIMITED - Company Information

2021-10-012022-09-302022-09-30false04485248RPS DRAINAGE SERVICES LIMITED2023-06-2839000iso4217:GBPxbrli:pure044852482021-10-01044852482022-09-30044852482021-10-012022-09-30044852482020-10-01044852482021-09-30044852482020-10-012021-09-3004485248bus:SmallEntities2021-10-012022-09-3004485248bus:AuditExempt-NoAccountantsReport2021-10-012022-09-3004485248bus:FullAccounts2021-10-012022-09-3004485248bus:PrivateLimitedCompanyLtd2021-10-012022-09-3004485248core:WithinOneYear2022-09-3004485248core:AfterOneYear2022-09-3004485248core:WithinOneYear2021-09-3004485248core:AfterOneYear2021-09-3004485248core:ShareCapital2022-09-3004485248core:SharePremium2022-09-3004485248core:RevaluationReserve2022-09-3004485248core:OtherReservesSubtotal2022-09-3004485248core:RetainedEarningsAccumulatedLosses2022-09-3004485248core:ShareCapital2021-09-3004485248core:SharePremium2021-09-3004485248core:RevaluationReserve2021-09-3004485248core:OtherReservesSubtotal2021-09-3004485248core:RetainedEarningsAccumulatedLosses2021-09-3004485248core:LandBuildings2022-09-3004485248core:PlantMachinery2022-09-3004485248core:Vehicles2022-09-3004485248core:FurnitureFittings2022-09-3004485248core:OfficeEquipment2022-09-3004485248core:NetGoodwill2022-09-3004485248core:IntangibleAssetsOtherThanGoodwill2022-09-3004485248core:ListedExchangeTraded2022-09-3004485248core:UnlistedNon-exchangeTraded2022-09-3004485248core:LandBuildings2021-09-3004485248core:PlantMachinery2021-09-3004485248core:Vehicles2021-09-3004485248core:FurnitureFittings2021-09-3004485248core:OfficeEquipment2021-09-3004485248core:NetGoodwill2021-09-3004485248core:IntangibleAssetsOtherThanGoodwill2021-09-3004485248core:ListedExchangeTraded2021-09-3004485248core:UnlistedNon-exchangeTraded2021-09-3004485248core:LandBuildings2021-10-012022-09-3004485248core:PlantMachinery2021-10-012022-09-3004485248core:Vehicles2021-10-012022-09-3004485248core:FurnitureFittings2021-10-012022-09-3004485248core:OfficeEquipment2021-10-012022-09-3004485248core:NetGoodwill2021-10-012022-09-3004485248core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3004485248core:ListedExchangeTraded2021-10-012022-09-3004485248core:UnlistedNon-exchangeTraded2021-10-012022-09-3004485248core:MoreThanFiveYears2021-10-012022-09-3004485248core:Non-currentFinancialInstruments2022-09-3004485248core:Non-currentFinancialInstruments2021-09-3004485248dpl:CostSales2021-10-012022-09-3004485248dpl:DistributionCosts2021-10-012022-09-3004485248dpl:AdministrativeExpenses2021-10-012022-09-3004485248core:LandBuildings2021-10-012022-09-3004485248core:PlantMachinery2021-10-012022-09-3004485248core:Vehicles2021-10-012022-09-3004485248core:FurnitureFittings2021-10-012022-09-3004485248core:OfficeEquipment2021-10-012022-09-3004485248core:NetGoodwill2021-10-012022-09-3004485248core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3004485248dpl:GroupUndertakings2021-10-012022-09-3004485248dpl:ParticipatingInterests2021-10-012022-09-3004485248dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3004485248core:ListedExchangeTraded2021-10-012022-09-3004485248dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3004485248core:UnlistedNon-exchangeTraded2021-10-012022-09-3004485248dpl:CostSales2020-10-012021-09-3004485248dpl:DistributionCosts2020-10-012021-09-3004485248dpl:AdministrativeExpenses2020-10-012021-09-3004485248core:LandBuildings2020-10-012021-09-3004485248core:PlantMachinery2020-10-012021-09-3004485248core:Vehicles2020-10-012021-09-3004485248core:FurnitureFittings2020-10-012021-09-3004485248core:OfficeEquipment2020-10-012021-09-3004485248core:NetGoodwill2020-10-012021-09-3004485248core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3004485248dpl:GroupUndertakings2020-10-012021-09-3004485248dpl:ParticipatingInterests2020-10-012021-09-3004485248dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-012021-09-3004485248core:ListedExchangeTraded2020-10-012021-09-3004485248dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-012021-09-3004485248core:UnlistedNon-exchangeTraded2020-10-012021-09-3004485248core:NetGoodwill2022-09-3004485248core:IntangibleAssetsOtherThanGoodwill2022-09-3004485248core:LandBuildings2022-09-3004485248core:PlantMachinery2022-09-3004485248core:Vehicles2022-09-3004485248core:FurnitureFittings2022-09-3004485248core:OfficeEquipment2022-09-3004485248core:AfterOneYear2022-09-3004485248core:WithinOneYear2022-09-3004485248core:ListedExchangeTraded2022-09-3004485248core:UnlistedNon-exchangeTraded2022-09-3004485248core:ShareCapital2022-09-3004485248core:SharePremium2022-09-3004485248core:RevaluationReserve2022-09-3004485248core:OtherReservesSubtotal2022-09-3004485248core:RetainedEarningsAccumulatedLosses2022-09-3004485248core:NetGoodwill2021-09-3004485248core:IntangibleAssetsOtherThanGoodwill2021-09-3004485248core:LandBuildings2021-09-3004485248core:PlantMachinery2021-09-3004485248core:Vehicles2021-09-3004485248core:FurnitureFittings2021-09-3004485248core:OfficeEquipment2021-09-3004485248core:AfterOneYear2021-09-3004485248core:WithinOneYear2021-09-3004485248core:Liste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Registered Number
04485248
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2022

RPS DRAINAGE SERVICES LIMITED

Company Information
for the year from 1 October 2021 to 30 September 2022


Directors	CHANDLER, Mark
	TURNER, Philip James


Registered Address	The Old Ticket Office Station Approach
	Wanborough
	Guildford
	GU3 2EX


Registered Number	04485248 (England and Wales)

RPS DRAINAGE SERVICES LIMITED

Balance Sheet as at
30 September 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		136,675		123,903
			136,675		123,903
Current assets
Debtors		717,838		823,768
Cash at bank and on hand		168		168
		718,006		823,936
Creditors amounts falling due within one year	10	(761,085)		(872,722)
Net current assets (liabilities)			(43,079)		(48,786)
Total assets less current liabilities			93,596		75,117
Creditors amounts falling due after one year	11		(67,531)		(51,419)
Provisions for liabilities	13		(25,968)		(23,542)
Net assets			97		156
Capital and reserves
Called up share capital			20		20
Profit and loss account			77		136
Shareholders' funds			97		156

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 28 June 2023, and are signed on its behalf by:

CHANDLER, Mark
Director
Registered Company No. 04485248

RPS DRAINAGE SERVICES LIMITED

Notes to the Financial Statements
for the year ended 30 September 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixtures and Fittings : 10% Motor Vehicles : 25% Plant and Machinery : 10%

	Intangible assets policy
	Intangible assets are amortised over the expected life of the asset

	Revenue recognition policy
	Turnover represents amounts receivable for services net of VAT and trade discounts. Revenue from contracts is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover represents amounts receivable for services net of VAT and trade discounts.

Revenue from contracts is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	26		29

5.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 October 21	50,000	50,000
At 30 September 22	50,000	50,000
Amortisation and impairment
At 01 October 21	50,000	50,000
At 30 September 22	50,000	50,000
Net book value
At 30 September 22	-	-
At 30 September 21	-	-

6.	Property, plant and equipment

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 October 21	67,293	84,610	21,280	173,183
Additions	988	42,450	2,642	46,080
Disposals	-	(9,050)	-	(9,050)
At 30 September 22	68,281	118,010	23,922	210,213
Depreciation and impairment
At 01 October 21	19,672	23,365	6,243	49,280
Charge for year	6,789	17,469	2,011	26,269
On disposals	-	(2,012)	-	(2,012)
Other adjustments	1	-	-	1
At 30 September 22	26,462	38,822	8,254	73,538
Net book value
At 30 September 22	41,819	79,188	15,668	136,675
At 30 September 21	47,621	61,245	15,037	123,903

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
CHANDLER, Mark	9,959	50,932	0	60,891
Loan to Director
TURNER, Philip James	9,975	18,251	0	28,226
Loan to Director
	19,934	69,183	0	89,117

8.	Debtors within one year

	2022	2021
	£	£
Trade debtors / trade receivables	498,897	720,292
Other debtors	187,390	56,812
Prepayments and accrued income	25,072	40,186
Total	711,359	817,290


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Debtors after one year

	2022	2021
	£	£
Other debtors	6,478	6,478
Total	6,478	6,478

10.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	215,143	289,640
Bank borrowings and overdrafts	35,439	23,236
Taxation and social security	159,172	124,567
Finance lease and HP contracts	14,525	6,187
Other creditors	330,755	417,756
Accrued liabilities and deferred income	6,051	11,336
Total	761,085	872,722


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

11.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	27,467	37,286
Other creditors	40,064	14,133
Total	67,531	51,419


	Long Term Creditors comprise the long-term portion of a Coronavirus Bounce Back Loan and the long-term portion of a Hire Purchase Loan.

12.	Finance lease and HP contracts after one year

		2022		2021
		£		£
	Finance lease and HP contracts	40,065		14,132

13.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	25,968	23,542
Total	25,968	23,542