R.G.D. Building Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04604785 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

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

110,475

113,109

Investment property

6

865,000

865,000

975,475

978,109

CURRENT ASSETS

Debtors

7

79,711

119,315

Cash at bank

561,471

382,564

641,182

501,879

CREDITORS

Amounts falling due within one year

8

169,971

123,562

NET CURRENT ASSETS

471,211

378,317

TOTAL ASSETS LESS CURRENT LIABILITIES

1,446,686

1,356,426

PROVISIONS FOR LIABILITIES

9

28,446

44,805

NET ASSETS

1,418,240

1,311,621

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserve

10

140,785

124,874

Retained earnings

10

1,277,355

1,186,647

SHAREHOLDERS' FUNDS

1,418,240

1,311,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 1 August 2018 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.

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.

The deferred tax liability on the balance sheet includes the potential tax liability on the disposal of the investment

properties at their fair value.

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 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

60,000

AMORTISATION

At 1 April 2017

and 31 March 2018

60,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

254,384

2,195

54,440

311,019

Additions

38,500

-

4,500

43,000

Disposals

(35,000

)

-

(4,800

)

(39,800

)

At 31 March 2018

257,884

2,195

54,140

314,219

DEPRECIATION

At 1 April 2017

161,738

1,766

34,406

197,910

Charge for year

19,334

130

5,049

24,513

Eliminated on disposal

(15,960

)

-

(2,719

)

(18,679

)

At 31 March 2018

165,112

1,896

36,736

203,744

NET BOOK VALUE

At 31 March 2018

92,772

299

17,404

110,475

At 31 March 2017

92,646

429

20,034

113,109

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

865,000

NET BOOK VALUE

At 31 March 2018

865,000

At 31 March 2017

865,000

Fair value at 31 March 2018 is represented by:

£

Valuation in 2016

748,905

Valuation in 2017

57,913

Valuation in 2018

58,182

865,000

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

31.3.18

31.3.17

£

£

Cost

714,550

714,550

Investment properties were valued on an open market basis on 31 March 2018 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

54,419

94,553

Amounts recoverable on

contracts

21,943

20,861

Other debtors

-

1,250

Prepayments

3,349

2,651

79,711

119,315

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

6,157

26,155

Corporation Tax

51,016

44,837

Social security and other taxes

4,160

5,556

VAT

13,610

14,696

Other creditors

1,305

-

Net wages control

4,199

1,289

Directors' current accounts

87,368

27,814

Accrued expenses

2,156

3,215

169,971

123,562

9.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

Accelerated capital allowances

18,781

19,229

Investment properties

9,665

25,576

28,446

44,805

Deferred

tax

£

Balance at 1 April 2017

44,805

Credit to Income Statement during year

(16,359

)

Balance at 31 March 2018

28,446

10.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

£

£

At 1 April 2017

1,186,647

124,874

1,311,521

Profit for the year

230,619

-

230,619

Dividends

(124,000

)

-

(124,000

)

Investment properties

(15,911

)

15,911

-

At 31 March 2018

1,277,355

140,785

1,418,140

The Non-distributable reserve reflects the fair value movements in the investment properties, as adjusted for the

deferred tax effect. The reserve is not available for distribution as dividends..

11.	ULTIMATE CONTROLLING PARTY

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