Company registration number 00575811 (England and Wales)
RUPERT DORGAN CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
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 2022
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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 2022 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 loss 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
15 June 2023
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
RUPERT DORGAN CONTRACTORS LIMITED
BALANCE SHEET
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2022
2021
Notes
£
£
£
£
Current assets
Debtors
5
12,822
35,041
Cash at bank and in hand
4,415
14,637
17,237
49,678
Creditors: amounts falling due within one year
6
(34,976)
(63,541)
Net current liabilities
(17,739)
(13,863)
Capital and reserves
Called up share capital
2,500
2,500
Profit and loss reserves
(20,239)
(16,363)
Total equity
(17,739)
(13,863)
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 2022 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.
The 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 15 June 2023 and are signed on its behalf by:
Mr J R Dorgan
Director
Company Registration No. 00575811
RUPERT DORGAN CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
- 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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. 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
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.
1.5
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.
RUPERT DORGAN CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
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2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
3
4
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2021
1,114
3,300
4,414
Disposals
(514)
(514)
At 30 June 2022
600
3,300
3,900
Depreciation and impairment
At 1 July 2021
1,114
3,300
4,414
Eliminated in respect of disposals
(514)
(514)
At 30 June 2022
600
3,300
3,900
Carrying amount
At 30 June 2022
At 30 June 2021
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
8,648
34,814
Other debtors
4,174
227
12,822
35,041
RUPERT DORGAN CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
- 5 -
6
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
10,330
150
Taxation and social security
584
4,042
Other creditors
24,062
59,349
34,976
63,541
7
Related party transactions
The company uses land owned by a director for its business, and rent is not paid on the land.
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Mr J R Dorgan - Loan
-
-
3,947
3,947
-
3,947
3,947