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Company Registration No. 07493058 (England and Wales)
RW Consulting Solutions Limited Unaudited accounts for the year ended 31 January 2022
RW Consulting Solutions Limited Unaudited accounts Contents
Page
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RW Consulting Solutions Limited Company Information for the year ended 31 January 2022
Directors
Robert William Walley Samantha Elysteg Simmonds
Company Number
07493058 (England and Wales)
Registered Office
167-169 Great Portland Street 5th Floor London W1W 5PF United Kingdom
Accountants
Nutshell Accounts 15 London End Beaconsfield Buckinghamshire HP9 2HN
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RW Consulting Solutions Limited Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,627 
31,800 
Current assets
Debtors
81,451 
87,238 
Cash at bank and in hand
18,697 
78,784 
100,148 
166,022 
Creditors: amounts falling due within one year
(120,106)
(148,400)
Net current (liabilities)/assets
(19,958)
17,622 
Total assets less current liabilities
16,669 
49,422 
Provisions for liabilities
Other provisions
(11,025)
- 
Net assets
5,644 
49,422 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,643 
49,421 
Shareholders' funds
5,644 
49,422 
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2022 and were signed on its behalf by
Robert William Walley Director Company Registration No. 07493058
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RW Consulting Solutions Limited Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
RW Consulting Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 07493058. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
Computer equipment
25% straight line
Other tangible fixed assets
25% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost.
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RW Consulting Solutions Limited Notes to the Accounts for the year ended 31 January 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2021
222,821 
12,837 
2,605 
238,263 
Additions
12,855 
29,000 
1,464 
43,319 
Disposals
(222,821)
(12,837)
(2,605)
(238,263)
At 31 January 2022
12,855 
29,000 
1,464 
43,319 
Depreciation
At 1 February 2021
194,231 
9,627 
2,605 
206,463 
Charge for the year
28,955 
9,251 
285 
38,491 
On disposals
(222,821)
(12,836)
(2,605)
(238,262)
At 31 January 2022
365 
6,042 
285 
6,692 
Net book value
At 31 January 2022
12,490 
22,958 
1,179 
36,627 
At 31 January 2021
28,590 
3,210 
- 
31,800 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
35,235 
83,011 
Accrued income and prepayments
26,216 
4,227 
Other debtors
20,000 
- 
81,451 
87,238 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
87,936 
82,556 
VAT
1,434 
18,496 
Trade creditors
25,845 
15,956 
Taxes and social security
722 
18,111 
Other creditors
(3)
4,682 
Accruals
4,172 
8,599 
120,106 
148,400 
7
Provisions for liabilities
£ 
At 1 February 2021
- 
Additional provisions made during the period
11,025 
At 31 January 2022
11,025 
Included within provisions is £11,025 relating to Innovate funding reclaim which is expected to be paid within the next year.
8
Loans to directors
Included within Other Debtors is a directors loan of £20,000 owing to the Company as at 31 January 2022 (2021: £665 directors loan payable). No interest is payable on the loan.
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RW Consulting Solutions Limited Notes to the Accounts for the year ended 31 January 2022
9
Transactions with related parties
No transactions with related parties were undertaken such as are required to be disclosed under FRS102.
10
Average number of employees
During the year the average number of employees was 2 (2021: 4).
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