Company registration number:
5407209
RB Construction & Renovation Limited
Unaudited filleted financial statements
31 March 2022
RB Construction & Renovation Limited
Statement of financial position
31 March 2022
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2022
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2021
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Note
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£
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£
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£
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£
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Fixed assets
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Tangible assets
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4
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82
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110
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_______
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_______
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82
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110
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Creditors: amounts falling due
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within one year
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(
8,929)
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(
8,676)
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_______
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_______
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Net current liabilities
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(
8,929)
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(
8,676)
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_______
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_______
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Total assets less current liabilities
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(
8,847)
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(
8,566)
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_______
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_______
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Net liabilities
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(
8,847)
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(
8,566)
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_______
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_______
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Capital and reserves
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Called up share capital
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5
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2
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2
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Profit and loss account
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(
8,849)
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(
8,568)
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_______
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_______
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Shareholder deficit
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(
8,847)
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(
8,566)
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_______
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_______
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For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
06 October 2022
, and are signed on behalf of the board by:
Mr S B Raffe
Director
Company registration number:
5407209
RB Construction & Renovation Limited
Notes to the financial statements
Year ended 31 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Meddler Flint Cottages, Bury Road, Kentford, Suffolk, CB8 7PZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery
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-
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25 %
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reducing balance
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Fittings fixtures and equipment
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-
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25 %
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reducing balance
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Tangible assets
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Plant and machinery
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Fixtures, fittings and equipment
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Total
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£
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£
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£
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Cost
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At 1 April 2021 and 31 March 2022
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547
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1,882
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2,429
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_______
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_______
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_______
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Depreciation
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At 1 April 2021
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525
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1,794
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2,319
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Charge for the year
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6
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22
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28
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_______
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_______
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_______
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At 31 March 2022
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531
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1,816
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2,347
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_______
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_______
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_______
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Carrying amount
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At 31 March 2022
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16
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66
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82
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_______
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_______
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_______
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At 31 March 2021
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22
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88
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110
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_______
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_______
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_______
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5.
Called up share capital
Issued, called up and fully paid
|
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2022
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2021
|
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No
|
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£
|
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No
|
|
£
|
|
Ordinary
shares of £
1.00 each
|
|
2
|
|
2
|
|
2
|
|
2
|
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|
_______
|
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_______
|
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_______
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_______
|
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6.
Related party transactions
Creditors includes a directors loan account (in credit) balance of £8,754 for the director
Mr S B Raffe
.