Company Registration No. 08379004 (England and Wales)
RS DRILLCUT SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2022
RS DRILLCUT SOLUTIONS LTD
Unaudited accounts
Contents
RS DRILLCUT SOLUTIONS LTD
Company Information
for the year ended 31 March 2022
Company Number
08379004 (England and Wales)
Registered Office
26 Willersley Avenue
Orpington
Kent
BR6 9RS
RS DRILLCUT SOLUTIONS LTD
Statement of financial position
as at 31 March 2022
Tangible assets
23,337
28,487
Cash at bank and in hand
41,179
14,041
Creditors: amounts falling due within one year
(4,815)
(15,633)
Net current assets
51,802
47,758
Total assets less current liabilities
75,139
76,245
Creditors: amounts falling due after more than one year
(8,039)
(13,399)
Called up share capital
100
100
Profit and loss account
67,000
62,746
Shareholders' funds
67,100
62,846
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 19 August 2022 and were signed on its behalf by
Ramunas Simkus
Director
Company Registration No. 08379004
RS DRILLCUT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2022
RS DRILLCUT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08379004. The registered office is 26 Willersley Avenue, Orpington, Kent, BR6 9RS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% reduce balance
Fixtures & fittings
25% reduce balance
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
38,624
5,358
43,982
At 31 March 2022
38,624
7,592
46,216
At 1 April 2021
13,277
2,218
15,495
Charge for the year
6,337
1,047
7,384
At 31 March 2022
19,614
3,265
22,879
At 31 March 2022
19,010
4,327
23,337
At 31 March 2021
25,347
3,140
28,487
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Debtors: amounts falling due within one year
2022
2021
Trade debtors
14,330
49,350
RS DRILLCUT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
4,815
15,633
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
8,039
13,399
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Average number of employees
During the year the average number of employees was 2 (2021: 2).