Registered number
SC519861
R S CLIMATE CONTROL LIMITED
Filleted Accounts
28 February 2023
R S CLIMATE CONTROL LIMITED
Registered number: SC519861
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,800 -
19,800 -
Current assets
Stocks 30,000 -
Cash at bank and in hand 56,032 1
86,032 1
Creditors: amounts falling due within one year 4 (96,605) -
Net current (liabilities)/assets (10,573) 1
Total assets less current liabilities 9,227 1
Net assets 9,227 1
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,226 -
Shareholder's funds 9,227 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Tomy Joseph
Director
Approved by the board on 16 August 2023
R S CLIMATE CONTROL LIMITED
Notes to the Accounts
for the period from 1 February 2022 to 28 February 2023
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.
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 at 10 percent by Reducing balance method.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2022 - - -
Additions 7,000 15,000 22,000
Surplus on revaluation - - -
Disposals - - -
At 28 February 2023 7,000 15,000 22,000
Depreciation
At 1 February 2022 - - -
Charge for the period 700 1,500 2,200
Surplus on revaluation - - -
On disposals - - -
At 28 February 2023 700 1,500 2,200
Net book value
At 28 February 2023 6,300 13,500 19,800
At 31 January 2022 - - -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 10,320 -
Taxation and social security costs 6,536 -
Accruals 9,800
Other creditors 69,949 -
96,605 -
R S CLIMATE CONTROL LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 Darnley Street,
Glasgow
G41 2LL
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