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RM & Co Accountancy Ltd

Registered Number:07701287

For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements

2
For the year ended 31 July 2023
RM & Co Accountancy Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3

Registered Number :

07701287

As at 31 July 2023

RM & Co Accountancy Ltd
Statement of Financial Position

£

£

2022
2023

Notes

Current assets

Trade and other receivables

-
34
62,659

Cash and cash equivalents

51,743
51,777
62,659

Trade and other payables: amounts falling due within one
year

(19,048)
(18,800)
3
43,611
32,977
Net current assets

Total assets less current liabilities

32,977
43,611

Trade and other payables: amounts falling due after more
than one year

(37,346)
(32,155)
4
822
Net assets
6,265

Capital and reserves

Called up share capital

1
1

Retained earnings

821
6,264
822
6,265
Shareholders' funds

For the year ended 31 July 2023 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Reza Mousavi Director

These financial statements were approved and authorised for issue by the Board on 04 October 2023 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 July 2023
RM & Co Accountancy Ltd
Notes to the Financial Statements
Statutory Information

RM & Co Accountancy Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07701287.

Registered address:

13 Mary Street
Sunderland
Tyne & Wear
SR1 3NH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25 Straight line

Fixtures and fittings
Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 July 2023
RM & Co Accountancy Ltd
Notes to the Financial Statements Continued

2. Property, plant and equipment

Fixtures and
fittings

£

Cost or
valuation

At 01 August 2022

2,670

At 31 July 2023

2,670

Provision for depreciation and impairment

At 01 August 2022

2,670

At 31 July 2023

2,670

At 31 July 2023

Net book value

-

At 31 July 2022

-

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any
provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets,
less their estimated residual value, over their expected useful lives on the following basis:

3. Trade and other payables: amounts falling due within one year

2022
2023

£

£

Taxation and social security

18,447
18,328

Other creditors

353
720
18,800
19,048

4. Trade and other payables: amounts falling due after more than one year

2022
2023

£

£

Bank loans and overdraft

32,155
37,346

5. Reserves

profit

6. Average number of persons employed

During the year the average number of employees was 11 (2022 : 10)
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