Company Registration No. 00575811 (England and Wales)
RUPERT DORGAN CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019
PAGES FOR FILING WITH REGISTRAR
RUPERT DORGAN CONTRACTORS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
RUPERT DORGAN CONTRACTORS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RUPERT DORGAN CONTRACTORS LIMITED FOR THE YEAR ENDED 30 JUNE 2019
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rupert Dorgan Contractors Limited for the year ended 30 June 2019 which comprise the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Rupert Dorgan Contractors Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Rupert Dorgan Contractors Limited
and state those matters that we have agreed to state to the Board of Directors of Rupert Dorgan Contractors Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rupert Dorgan Contractors Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Rupert Dorgan Contractors Limited 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 Rupert Dorgan Contractors Limited. You consider that Rupert Dorgan Contractors 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 financial statements of Rupert Dorgan Contractors 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 financial statements.
Kirk Rice LLP
30 March 2020
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
RUPERT DORGAN CONTRACTORS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2019
30 June 2019
- 2 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
3
178
238
Current assets
Stocks
350
476
Debtors
4
5,938
9,977
Cash at bank and in hand
40,686
19,152
46,974
29,605
Creditors: amounts falling due within one year
5
(84,685)
(81,393)
Net current liabilities
(37,711)
(51,788)
Total assets less current liabilities
(37,533)
(51,550)
Capital and reserves
Called up share capital
6
2,500
2,500
Profit and loss reserves
(40,033)
(54,050)
Total equity
(37,533)
(51,550)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 March 2020 and are signed on its behalf by:
Mr R P Dorgan
Director
Company Registration No. 00575811
RUPERT DORGAN CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019
- 3 -
1
Accounting policies
Company information
Rupert Dorgan Contractors Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Big Wood House, Waterloo Road, Wokingham, Berkshire, RG40 3DA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover relates to
agricultural contracting services
provided and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in line with the performance of these services.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
50% on cost
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
RUPERT DORGAN CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2019
1
Accounting policies
(Continued)
- 4 -
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.
Debtors
Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.
Creditors
Creditors are not interest bearing and are included at their nominal value.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 5 (2018 - 4).
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2018 and 30 June 2019
1,114
3,300
4,414
Depreciation and impairment
At 1 July 2018
1,114
3,062
4,176
Depreciation charged in the year
-
60
60
At 30 June 2019
1,114
3,122
4,236
Carrying amount
At 30 June 2019
-
178
178
At 30 June 2018
-
238
238
RUPERT DORGAN CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2019
- 5 -
4
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
5,193
9,136
Other debtors
745
841
5,938
9,977
5
Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
-
1,340
Taxation and social security
2,141
1,112
Other creditors
82,544
78,941
84,685
81,393
6
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
1,500 Ordinary Shares of £1 each
1,500
1,500
Preference share capital
Issued and fully paid
1,000 Preference Shares of £1 each
1,000
1,000
Preference shares classified as equity
1,000
1,000
Total equity share capital
2,500
2,500
7
Leasehold land and buildings
It is noted that the 2018 accounts incorrectly shows leasehold land and buildings. This has been amended in the 2019 accounts to reflect that the asset has not been owned by the company for a number of years.