2022-02-012023-01-312023-01-31false09944397RM Solutions (Global) Ltd2023-09-11iso4217:GBPxbrli:pure099443972022-02-01099443972023-01-31099443972022-02-012023-01-31099443972021-02-01099443972022-01-31099443972021-02-012022-01-3109944397bus:SmallEntities2022-02-012023-01-3109944397bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3109944397bus:FullAccounts2022-02-012023-01-3109944397bus:PrivateLimitedCompanyLtd2022-02-012023-01-3109944397core:WithinOneYear2023-01-3109944397core:AfterOneYear2023-01-3109944397core:WithinOneYear2022-01-3109944397core:AfterOneYear2022-01-3109944397core:ShareCapital2023-01-3109944397core:SharePremium2023-01-3109944397core:RevaluationReserve2023-01-3109944397core:OtherReservesSubtotal2023-01-3109944397core:RetainedEarningsAccumulatedLosses2023-01-3109944397core:ShareCapital2022-01-3109944397core:SharePremium2022-01-3109944397core:RevaluationReserve2022-01-3109944397core:OtherReservesSubtotal2022-01-3109944397core:RetainedEarningsAccumulatedLosses2022-01-3109944397core:LandBuildings2023-01-3109944397core:PlantMachinery2023-01-3109944397core:Vehicles2023-01-3109944397core:FurnitureFittings2023-01-3109944397core:OfficeEquipment2023-01-3109944397core:NetGoodwill2023-01-3109944397core:IntangibleAssetsOtherThanGoodwill2023-01-3109944397core:ListedExchangeTraded2023-01-3109944397core:UnlistedNon-exchangeTraded2023-01-3109944397core:LandBuildings2022-01-3109944397core:PlantMachinery2022-01-3109944397core:Vehicles2022-01-3109944397core:FurnitureFittings2022-01-3109944397core:OfficeEquipment2022-01-3109944397core:NetGoodwill2022-01-3109944397core:IntangibleAssetsOtherThanGoodwill2022-01-3109944397core:ListedExchangeTraded2022-01-3109944397core:UnlistedNon-exchangeTraded2022-01-3109944397core:LandBuildings2022-02-012023-01-3109944397core:PlantMachinery2022-02-012023-01-3109944397core:Vehicles2022-02-012023-01-3109944397core:FurnitureFittings2022-02-012023-01-3109944397core:OfficeEquipment2022-02-012023-01-3109944397core:NetGoodwill2022-02-012023-01-3109944397core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109944397core:ListedExchangeTraded2022-02-012023-01-3109944397core:UnlistedNon-exchangeTraded2022-02-012023-01-3109944397core:MoreThanFiveYears2022-02-012023-01-3109944397core:Non-currentFinancialInstruments2023-01-3109944397core:Non-currentFinancialInstruments2022-01-3109944397dpl:CostSales2022-02-012023-01-3109944397dpl:DistributionCosts2022-02-012023-01-3109944397dpl:AdministrativeExpenses2022-02-012023-01-3109944397core:LandBuildings2022-02-012023-01-3109944397core:PlantMachinery2022-02-012023-01-3109944397core:Vehicles2022-02-012023-01-3109944397core:FurnitureFittings2022-02-012023-01-3109944397core:OfficeEquipment2022-02-012023-01-3109944397core:NetGoodwill2022-02-012023-01-3109944397core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109944397dpl:GroupUndertakings2022-02-012023-01-3109944397dpl:ParticipatingInterests2022-02-012023-01-3109944397dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109944397core:ListedExchangeTraded2022-02-012023-01-3109944397dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109944397core:UnlistedNon-exchangeTraded2022-02-012023-01-3109944397dpl:CostSales2021-02-012022-01-3109944397dpl:DistributionCosts2021-02-012022-01-3109944397dpl:AdministrativeExpenses2021-02-012022-01-3109944397core:LandBuildings2021-02-012022-01-3109944397core:PlantMachinery2021-02-012022-01-3109944397core:Vehicles2021-02-012022-01-3109944397core:FurnitureFittings2021-02-012022-01-3109944397core:OfficeEquipment2021-02-012022-01-3109944397core:NetGoodwill2021-02-012022-01-3109944397core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3109944397dpl:GroupUndertakings2021-02-012022-01-3109944397dpl:ParticipatingInterests2021-02-012022-01-3109944397dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3109944397core:ListedExchangeTraded2021-02-012022-01-3109944397dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3109944397core:UnlistedNon-exchangeTraded2021-02-012022-01-3109944397core:NetGoodwill2023-01-3109944397core:IntangibleAssetsOtherThanGoodwill2023-01-3109944397core:LandBuildings2023-01-3109944397core:PlantMachinery2023-01-3109944397core:Vehicles2023-01-3109944397core:FurnitureFittings2023-01-3109944397core:OfficeEquipment2023-01-3109944397core:AfterOneYear2023-01-3109944397core:WithinOneYear2023-01-3109944397core:ListedExchangeTraded2023-01-3109944397core:UnlistedNon-exchangeTraded2023-01-3109944397core:ShareCapital2023-01-3109944397core:SharePremium2023-01-3109944397core:RevaluationReserve2023-01-3109944397core:OtherReservesSubtotal2023-01-3109944397core:RetainedEarningsAccumulatedLosses2023-01-3109944397core:NetGoodwill2022-01-3109944397core:IntangibleAssetsOtherThanGoodwill2022-01-3109944397core:LandBuildings2022-01-3109944397core:PlantMachinery2022-01-3109944397core:Vehicles2022-01-3109944397core:FurnitureFittings2022-01-3109944397core:OfficeEquipment2022-01-3109944397core:AfterOneYear2022-01-3109944397core:WithinOneYear2022-01-3109944397core:ListedExchange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RM Solutions (Global) Ltd

Registered Number
09944397
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

RM Solutions (Global) Ltd
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

Mr S Roberts

Registered Address

10 Western Road
Romford
RM1 3JT

Registered Number

09944397 (England and Wales)
RM Solutions (Global) Ltd
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets7699799
Tangible assets885,22245,741
85,92146,540
Current assets
Stocks118,4307,325
Debtors12409,337371,410
Cash at bank and on hand164,390103,576
582,157482,311
Creditors amounts falling due within one year13(85,031)(98,931)
Net current assets (liabilities)497,126383,380
Total assets less current liabilities583,047429,920
Creditors amounts falling due after one year14(41,000)(65,000)
Provisions for liabilities15(15,601)(7,969)
Net assets526,446356,951
Capital and reserves
Called up share capital100100
Profit and loss account526,346356,851
Shareholders' funds526,446356,951
The financial statements were approved and authorised for issue by the Director on 11 September 2023, and are signed on its behalf by:
Mr S Roberts
Director
Registered Company No. 09944397
RM Solutions (Global) Ltd
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company continued to be that of marine security specialists.
4.Basis of measurement used in financial statements
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).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Property, plant and equipment policy
Tangiblefixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles20
Intangible assets policy
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Other intangibles - 10 years straight line method
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20232022
Average number of employees during the year33
7.Intangible assets

Other

Total

££
Cost or valuation
At 01 February 22999999
At 31 January 23999999
Amortisation and impairment
At 01 February 22200200
Charge for year100100
At 31 January 23300300
Net book value
At 31 January 23699699
At 31 January 22799799
8.Property, plant and equipment

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
At 01 February 2240,39059,41399,803
Additions64,73021,90786,637
Disposals(40,390)-(40,390)
At 31 January 2364,73081,320146,050
Depreciation and impairment
At 01 February 2214,54039,52254,062
Charge for year12,9468,36021,306
On disposals(14,540)-(14,540)
At 31 January 2312,94647,88260,828
Net book value
At 31 January 2351,78433,43885,222
At 31 January 2225,85019,89145,741
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr S Roberts(25,680)57,88424,5457,659
(25,680)57,88424,5457,659
At the year end the director owed the company £7,659 (2022 - company owed the director £25,680) by way of their directors current account.
10.Dividends proposed and payable

2023

2022

££
Dividends Paid79,65065,000
Total79,65065,000
Dividends totalling £nil (2022 - £nil) were paid in the year in respect of shares held by the company’s directors and are included within the amounts shown above.
11.Stocks

2023

2022

££
Other stocks8,4307,325
Total8,4307,325
12.Debtors

2023

2022

££
Trade debtors / trade receivables93,81989,560
Other debtors298,088271,018
Prepayments and accrued income17,43010,832
Total409,337371,410
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.
13.Creditors within one year

2023

2022

££
Trade creditors / trade payables9,1122,922
Bank borrowings and overdrafts20,00020,000
Taxation and social security46,15724,959
Other creditors7,58025,851
Accrued liabilities and deferred income2,18225,199
Total85,03198,931
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.
14.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts41,00065,000
Total41,00065,000
15.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)15,6017,969
Total15,6017,969