Company No:
Contents
DIRECTORS | Mr D J Bruton |
Mr S Bruton | |
Mr M S Garland | |
Mr D G Manns | |
Mr D I Nield |
REGISTERED OFFICE | Leanne House |
6 Avon Close | |
Weymouth | |
DT4 9UX | |
United Kingdom |
COMPANY NUMBER | 08755567 (England and Wales) |
CHARTERED ACCOUNTANTS | Albert Goodman LLP |
Leanne House | |
6 Avon Close | |
Weymouth | |
Dorset | |
DT4 9UX |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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364,166 | 359,345 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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423,341 | 432,516 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 220,738 | 219,868 | ||
Total assets less current liabilities | 584,904 | 579,213 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Provision for liabilities | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Capital redemption reserve | (
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of R & D Decorating South West Limited (registered number:
Mr S Bruton
Director |
Mr D I Nield
Director |
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Mr D G Manns
Director |
Mr D J Bruton
Director |
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Mr M S Garland
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
R & D Decorating South West Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.
Land and buildings |
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Leasehold improvements |
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Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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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.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Leasehold improve- ments |
Plant and machinery | Vehicles | Fixtures and fittings | Total | ||||||
£ | £ | £ | £ | £ | £ | ||||||
Cost | |||||||||||
At 01 November 2021 |
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Additions |
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Disposals |
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At 31 October 2022 |
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Accumulated depreciation | |||||||||||
At 01 November 2021 |
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Charge for the financial year |
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Disposals |
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At 31 October 2022 |
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Net book value | |||||||||||
At 31 October 2022 |
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At 31 October 2021 |
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2022 | 2021 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Other taxation and social security |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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2022 | 2021 | ||
£ | £ | ||
Bank loans |
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Obligations under finance leases and hire purchase contracts |
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128,306 | 140,261 |
Amounts repayable after more than 5 years are included in creditors falling due over one year:
2022 | 2021 | ||
£ | £ | ||
Bank loans (repayable by instalments) |
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Transactions with the entity's directors
Advances
At 1 November 2021, the balance owed by D Bruton was £378. During the year, £0 was advanced, and £378 was repaid. At 31 October 2022, the balance owed to D Bruton was £Nil.
At 1 November 2020, the balance owed by D Bruton was £186. During the year, £192 was advanced, and £0 was repaid. At 31 October 2021, the balance owed by D Bruton was £378.
At 1 November 2021, the balance owed by S Bruton was £378. During the year, £0 was advanced, and £378 was repaid. At 31 October 2022, the balance owed to S Bruton was £Nil.
At 1 November 2020, the balance owed by S Bruton was £186. During the year, £192 was advanced, and £0 was repaid. At 31 October 2021, the balance owed by S Bruton was £378.
At 1 November 2021, the balance owed by D Manns was £68. During the year, £0 was advanced, and £68 was repaid. At 31 October 2022, the balance owed to D Manns was £Nil.
At 1 November 2020, the balance owed to D Manns was £124. During the year, £192 was advanced, and £0 was repaid. At 31 October 2021, the balance owed by D Manns was £68.
At 1 November 2021, the balance owed by D Nield was £68. During the year, £0 was advanced, and £68 was repaid. At 31 October 2022, the balance owed to D Nield was £Nil.
At 1 November 2020, the balance owed to D Nield was £124. During the year, £192 was advanced, and £0 was repaid. At 31 October 2021, the balance owed by D Nield was £68.