R.G.D. Building Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04604785 (England and Wales)

Financial Statements

for the Year Ended 31 March 2017

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

113,109

106,998

Investment property

6

865,000

748,905

978,109

855,903

CURRENT ASSETS

Debtors

7

119,315

113,531

Cash at bank

382,564

342,551

501,879

456,082

CREDITORS

Amounts falling due within one year

8

123,562

118,495

NET CURRENT ASSETS

378,317

337,587

TOTAL ASSETS LESS CURRENT LIABILITIES

1,356,426

1,193,490

PROVISIONS FOR LIABILITIES

9

44,805

39,907

NET ASSETS

1,311,621

1,153,583

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserve

124,874

74,030

Retained earnings

1,186,647

1,079,453

SHAREHOLDERS' FUNDS

1,311,621

1,153,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 August 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

60,000

AMORTISATION

At 1 April 2016

and 31 March 2017

60,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

222,227

2,195

54,440

278,862

Additions

32,157

-

-

32,157

At 31 March 2017

254,384

2,195

54,440

311,019

DEPRECIATION

At 1 April 2016

142,556

1,580

27,728

171,864

Charge for year

19,182

186

6,678

26,046

At 31 March 2017

161,738

1,766

34,406

197,910

NET BOOK VALUE

At 31 March 2017

92,646

429

20,034

113,109

At 31 March 2016

79,671

615

26,712

106,998

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

748,905

Additions

58,182

Revaluations

57,913

At 31 March 2017

865,000

NET BOOK VALUE

At 31 March 2017

865,000

At 31 March 2016

748,905

Cost or valuation at 31 March 2017 is represented by:

£

Valuation in 2016

748,905

Valuation in 2017

57,913

Cost

58,182

865,000

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

31.3.17

31.3.16

£

£

Cost

714,550

656,368

Investment properties were valued on an open market basis on 31 March 2017 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

94,553

82,387

Amounts recoverable on

contracts

20,861

27,052

Other debtors

1,250

-

Prepayments

2,651

4,092

119,315

113,531

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

26,155

22,919

Corporation Tax

44,837

26,551

Social security and other taxes

5,556

5,002

VAT

14,696

12,488

Net wages control

1,289

1,268

Directors' current accounts

27,814

48,372

Accrued expenses

3,215

1,895

123,562

118,495

9.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

£

Deferred tax

Accelerated capital allowances

19,229

21,400

Investment properties

25,576

18,507

44,805

39,907

Deferred

tax

£

Balance at 1 April 2016

39,907

Charge to Income Statement during year

4,898

Balance at 31 March 2017

44,805

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by M B Major, B Mutton and their partners.

11.	NON-DISTRIBUTABLE RESERVE

This reserve reflects fair value movements in the Investment properties, as adjusted for the deferred tax effect.

The reserve is not available for distribution as dividends.