RCD Electrical Services (Leicester) Ltd - Accounts to registrar (filleted) - small 23.2.5

RCD ELECTRICAL SERVICES (LEICESTER) LTD - Company Information

IRIS Accounts Production v24.1.0.578 12191160 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121911602022-12-31121911602023-12-31121911602023-01-012023-12-31121911602021-12-31121911602022-01-012022-12-31121911602022-12-3112191160ns15:EnglandWales2023-01-012023-12-3112191160ns14:PoundSterling2023-01-012023-12-3112191160ns10:Director12023-01-012023-12-3112191160ns10:Director22023-01-012023-12-3112191160ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112191160ns10:SmallEntities2023-01-012023-12-3112191160ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3112191160ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112191160ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112191160ns10:FullAccounts2023-01-012023-12-3112191160ns10:OrdinaryShareClass12023-01-012023-12-3112191160ns10:OrdinaryShareClass22023-01-012023-12-3112191160ns10:RegisteredOffice2023-01-012023-12-3112191160ns5:CurrentFinancialInstruments2023-12-3112191160ns5:CurrentFinancialInstruments2022-12-3112191160ns5:Non-currentFinancialInstruments2023-12-3112191160ns5:Non-currentFinancialInstruments2022-12-3112191160ns5:ShareCapital2023-12-3112191160ns5:ShareCapital2022-12-3112191160ns5:RetainedEarningsAccumulatedLosses2023-12-3112191160ns5:RetainedEarningsAccumulatedLosses2022-12-3112191160ns5:PlantMachinery2023-01-012023-12-3112191160ns5:FurnitureFittings2023-01-012023-12-3112191160ns5:MotorVehicles2023-01-012023-12-3112191160ns5:ComputerEquipment2023-01-012023-12-3112191160ns5:PlantMachinery2022-12-3112191160ns5:FurnitureFittings2022-12-3112191160ns5:MotorVehicles2022-12-3112191160ns5:ComputerEquipment2022-12-3112191160ns5:PlantMachinery2023-12-3112191160ns5:FurnitureFittings2023-12-3112191160ns5:MotorVehicles2023-12-3112191160ns5:ComputerEquipment2023-12-3112191160ns5:PlantMachinery2022-12-3112191160ns5:FurnitureFittings2022-12-3112191160ns5:MotorVehicles2022-12-3112191160ns5:ComputerEquipment2022-12-3112191160ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112191160ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112191160ns10:OrdinaryShareClass12023-12-3112191160ns10:OrdinaryShareClass22023-12-31

REGISTERED NUMBER: 12191160 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2023

for

RCD Electrical Services (Leicester) Ltd

Page

Company Information

Chartered Accountants' Report

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

C G Hindley

J L Hindley

REGISTERED OFFICE:

21 Oakfield Crescent

Blaby

Leicestershire

LE8 4HS

REGISTERED NUMBER:

12191160 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RCD Electrical Services (Leicester) Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RCD Electrical Services (Leicester) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RCD Electrical Services (Leicester) Ltd and state those matters that we have agreed to state to the Board of Directors of RCD Electrical Services (Leicester) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RCD Electrical Services (Leicester) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RCD Electrical Services (Leicester) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RCD Electrical Services (Leicester) Ltd. You consider that RCD Electrical Services (Leicester) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RCD Electrical Services (Leicester) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

24 April 2024

FIXED ASSETS

Tangible assets

23,946

29,257

CURRENT ASSETS

Stocks

600

550

Debtors

34,537

30,844

Cash at bank

48,306

60,577

83,443

91,971

CREDITORS

Amounts falling due within one year

33,034

43,690

NET CURRENT ASSETS

50,409

48,281

TOTAL ASSETS LESS CURRENT
LIABILITIES

74,355

77,538

CREDITORS

Amounts falling due after more than
one year

(18,518

)

(26,146

)

PROVISIONS FOR LIABILITIES

(5,125

)

(5,559

)

NET ASSETS

50,712

45,833

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

50,612

45,733

SHAREHOLDERS' FUNDS

50,712

45,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 24 April 2024 and were signed on its behalf by:

C G Hindley - Director

J L Hindley - Director

1.	STATUTORY INFORMATION

RCD Electrical Services (Leicester) 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

20% reducing balance

Fixtures and fittings

20% reducing balance

Motor vehicles

20% on cost

Computer equipment

33% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Hire purchase and leasing commitments

The finance element of the rental payment is charged to the profit and loss account at rates of charge on the net obligations in each period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

COST

At 1 January 2023

449

323

46,800

643

48,215

Additions

4,692

755

5,447

At 31 December 2023

449

5,015

46,800

1,398

53,662

DEPRECIATION

At 1 January 2023

216

155

18,200

387

18,958

Charge for year

972

9,360

379

10,758

At 31 December 2023

263

1,127

27,560

766

29,716

NET BOOK VALUE

At 31 December 2023

186

3,888

19,240

632

23,946

At 31 December 2022

233

168

28,600

256

29,257

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Trade debtors

25,899

29,075

Other debtors

3,386

VAT

1,203

Prepayments

4,049

1,769

34,537

30,844

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Hire purchase contracts

7,628

7,267

Trade creditors

7,895

5,248

Corporation tax

5,336

6,764

Social security and other taxes

2,134

VAT

9,296

Other creditors

1,205

669

Directors' current accounts

7,150

8,827

Accruals and deferred income

3,820

3,485

33,034

43,690

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.23

31.12.22

Hire purchase contracts

18,518

26,146

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.23

31.12.22

Hire purchase contracts

26,146

33,413

The hire purchase is secured upon the asset which it relates to.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

Ordinary A

Ordinary B

100