Registered number
09785176
RMS Contractors Ltd
Filleted Accounts
30 September 2022
RMS Contractors Ltd
Registered number: 09785176
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,111 3,615
Current assets
Stocks 54,569 55,093
Debtors 4 54,698 73,510
Cash at bank and in hand 93,546 139,398
202,813 268,001
Creditors: amounts falling due within one year 5 (60,713) (76,352)
Net current assets 142,100 191,649
Total assets less current liabilities 143,211 195,264
Creditors: amounts falling due after more than one year 6 (225,000) (225,000)
Net liabilities (81,789) (29,736)
Capital and reserves
Called up share capital 100 100
Profit and loss account (81,889) (29,836)
Shareholders' funds (81,789) (29,736)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mohamed Jurnaz
Director
Approved by the board on 30 September 2023
RMS Contractors Ltd
Notes to the Accounts
for the year ended 30 September 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2021 16,696
At 30 September 2022 16,696
Depreciation
At 1 October 2021 13,081
Charge for the year 2,504
At 30 September 2022 15,585
Net book value
At 30 September 2022 1,111
At 30 September 2021 3,615
4 Debtors 2022 2021
£ £
Trade debtors 54,698 73,510
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 3,285 1,274
Other creditors 57,428 75,078
60,713 76,352
6 Creditors: amounts falling due after one year 2022 2021
£ £
Director's Loan - Mr Mohamed Jurnaz and Mr Ramzi Jurnaz 225,000 225,000
7 Other information
RMS Contractors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
22 Alexandera Court
61 Maida Vale
London
United Kingdom
W9 1SQ
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