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REGISTERED NUMBER: 06947448 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2022 to 30 June 2023

for

RGS Engineering Solutions Limited

RGS Engineering Solutions Limited (Registered number: 06947448)






Contents of the Financial Statements
for the Period 1 January 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RGS Engineering Solutions Limited

Company Information
for the Period 1 January 2022 to 30 June 2023







DIRECTORS: J R Haynes
A P Clark
W M Grundy





REGISTERED OFFICE: Unit 1, Buckley Road Industrial Estate
Buckley Road
Rochdale
Lancashire
OL12 9EF





REGISTERED NUMBER: 06947448 (England and Wales)





ACCOUNTANTS: PKW Chartered Accountants LLP
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

RGS Engineering Solutions Limited (Registered number: 06947448)

Balance Sheet
30 June 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 20,625
Tangible assets 5 - 46,736
- 67,361

CURRENT ASSETS
Stocks 6 - 785
Debtors 7 - 58,852
Cash at bank and in hand 327,775 180,110
327,775 239,747
CREDITORS
Amounts falling due within one year 8 144,107 91,951
NET CURRENT ASSETS 183,668 147,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,668

215,157

CREDITORS
Amounts falling due after more than one year 9 - (2,966 )

PROVISIONS FOR LIABILITIES - (8,880 )
NET ASSETS 183,668 203,311

CAPITAL AND RESERVES
Called up share capital 10 11 11
Retained earnings 183,657 203,300
SHAREHOLDERS' FUNDS 183,668 203,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

RGS Engineering Solutions Limited (Registered number: 06947448)

Balance Sheet - continued
30 June 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:




W M Grundy - Director J R Haynes - Director




A P Clark - Director


RGS Engineering Solutions Limited (Registered number: 06947448)

Notes to the Financial Statements
for the Period 1 January 2022 to 30 June 2023

1. STATUTORY INFORMATION

RGS Engineering Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of goods and services supplied to customers, during the year less returns and net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful estimated lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of future payments is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks remain with the lessor are charged to the profit and loss account as incurred.

RGS Engineering Solutions Limited (Registered number: 06947448)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - 5 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 30 June 2023 50,000
AMORTISATION
At 1 January 2022 29,375
Eliminated on disposal 20,625
At 30 June 2023 50,000
NET BOOK VALUE
At 30 June 2023 -
At 31 December 2021 20,625

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2022 63,233 64,198 127,431
Additions 10,738 - 10,738
Disposals (73,971 ) (64,198 ) (138,169 )
At 30 June 2023 - - -
DEPRECIATION
At 1 January 2022 50,662 30,033 80,695
Eliminated on disposal (50,662 ) (30,033 ) (80,695 )
At 30 June 2023 - - -
NET BOOK VALUE
At 30 June 2023 - - -
At 31 December 2021 12,571 34,165 46,736

6. STOCKS
2023 2021
£    £   
Raw materials and consumables - 785

RGS Engineering Solutions Limited (Registered number: 06947448)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 30 June 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors - 52,735
Other debtors - 2,000
Prepayments and accrued income - 4,117
- 58,852

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Hire purchase contracts - 5,252
Trade creditors 4,030 20,276
Tax 41,128 28,082
Social security and other taxes - 24,986
VAT 29,485 -
Other creditors - 8,469
Directors' current accounts - 1,196
Directors' loan accounts 64,620 -
Accruals and deferred income - 3,690
Accrued expenses 4,844 -
144,107 91,951

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Hire purchase contracts - 2,966

10. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
3 Ordinary £1 3 3
2 Ordinary A £1 2 2
6 Ordinary B £1 6 6
11 11