R I Design & Build Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07218777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

R I Design & Build Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N J Chadd

REGISTERED OFFICE:

Unit 6 Bencewell Farm

Oakley Road

Bromley

Kent

BR2 8HG

REGISTERED NUMBER:

07218777 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

11,682

14,602

CURRENT ASSETS

Stocks

1,027,305

1,050,000

Debtors

6

1,482,292

453,462

Cash at bank

779

12,416

2,510,376

1,515,878

CREDITORS

Amounts falling due within one year

7

(2,491,062

)

(1,517,711

)

NET CURRENT ASSETS/(LIABILITIES)

19,314

(1,833

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,996

12,769

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,896

12,669

30,996

12,769

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 December 2018 and were signed by:

N J Chadd - Director

1.	STATUTORY INFORMATION

R I Design & Build 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Motor vehicles

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 June 2017

and 31 May 2018

14,850

DEPRECIATION

At 1 June 2017

248

Charge for year

2,920

At 31 May 2018

3,168

NET BOOK VALUE

At 31 May 2018

11,682

At 31 May 2017

14,602

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

722,805

87,849

Other debtors

759,487

365,613

1,482,292

453,462

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

1,092,088

774,461

Taxation and social security

35,314

2,534

Other creditors

1,363,660

740,716

2,491,062

1,517,711

8.	RELATED PARTY DISCLOSURES

The company was charged £8,700 by Bencewell Properties Limited for office rent. Mr N Chadd is a director of

Bencewell Properties Limited.

Other debtors due within 1 year includes £270,250 due from Bencewell Properties Limited, a company wholly

owned by the director, N J Chadd.

Other creditors due within 1 year includes £1,078,381 due to Ri Works Limited, a company wholly owned by

the director, N J Chadd.