R B Construction (South West) Limited - Period Ending 2017-01-31

Registration number: 09372307

R B Construction (South West) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2017

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

R B Construction (South West) Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Financial Statements	5 to 6

R B Construction (South West) Limited

Company Information

Directors

Mr S Richardson Mrs M L Richardson Mr A Bailey Mrs Bailey

Registered office

6 Houndiscombe Road Plymouth Devon PL4 6HH

Accountants

Houndiscombe Consultants Limited T/A Condy Mathias Chartered Accountants 6 Houndiscombe Road Plymouth Devon PL4 6HH

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
R B Construction (South West) Limited
for the Year Ended 31 January 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R B Construction (South West) Limited for the year ended 31 January 2017 as set out on pages 3 to 6 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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

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

It is your duty to ensure that R B Construction (South West) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R B Construction (South West) Limited. You consider that R B Construction (South West) Limited 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 accounts of R B Construction (South West) Limited. 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 accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

12 October 2017

Page 2

R B Construction (South West) Limited

(Registration number: 09372307)
Balance Sheet as at 31 January 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	348	464
Current assets
Debtors	5	30,879	26,394
Cash at bank and in hand		32,789	3,999
		63,668	30,393
Creditors: Amounts falling due within one year	6	(12,101)	(8,565)
Net current assets		51,567	21,828
Net assets		51,915	22,292
Capital and reserves
Called up share capital		400	400
Profit and loss account		51,515	21,892
Total equity		51,915	22,292

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 3

R B Construction (South West) Limited

(Registration number: 09372307)
Balance Sheet as at 31 January 2017

For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 October 2017 and signed on its behalf by:
 

.........................................

Mr S Richardson

Director

.........................................

Mr A Bailey

Director

The notes on pages 5 to 6 form an integral part of these financial statements.

Page 4

R B Construction (South West) Limited

Notes to the Financial Statements for the Year Ended 31 January 2017

1	General information

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Computer equipment	25% reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2016 - 2).

Page 5

R B Construction (South West) Limited

Notes to the Financial Statements for the Year Ended 31 January 2017

4	Tangible assets

	Office equipment  £	Plant and Machinery £	Total £
Cost or valuation
At 1 February 2016	302	316	618
At 31 January 2017	302	316	618
Depreciation
At 1 February 2016	75	79	154
Charge for the period	57	59	116
At 31 January 2017	132	138	270
Carrying amount
At 31 January 2017	170	178	348
At 31 January 2016	227	237	464

5

Debtors

	2017 £	2016 £
Trade debtors	22,333	20,173
Other debtors	8,546	6,221
	30,879	26,394

6

Creditors

Creditors: amounts falling due within one year

	2017 £	2016 £
Due within one year
Accruals and deferred income	1,260	3,120
Other creditors	10,841	5,445
	12,101	8,565

Page 6