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Company Registration No. 11220378 (England and Wales)
RCS Associates Ltd Unaudited accounts for the year ended 28 February 2023
RCS Associates Ltd Unaudited accounts Contents
Page
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RCS Associates Ltd Company Information for the year ended 28 February 2023
Director
Richard Stokes
Company Number
11220378 (England and Wales)
Registered Office
9 Elm Road Havant Hampshire PO9 2SZ
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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RCS Associates Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,222 
630 
Current assets
Debtors
606 
- 
Cash at bank and in hand
45,677 
55,689 
46,283 
55,689 
Creditors: amounts falling due within one year
(6,675)
(10,702)
Net current assets
39,608 
44,987 
Net assets
40,830 
45,617 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
40,730 
45,517 
Shareholders' funds
40,830 
45,617 
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2023 and were signed on its behalf by
Richard Stokes Director Company Registration No. 11220378
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RCS Associates Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
RCS Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 11220378. The registered office is 9 Elm Road, Havant, Hampshire, PO9 2SZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment - 33% straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
5,705 
Additions
1,796 
At 28 February 2023
7,501 
Depreciation
At 1 March 2022
5,075 
Charge for the year
1,204 
At 28 February 2023
6,279 
Net book value
At 28 February 2023
1,222 
At 28 February 2022
630 
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RCS Associates Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
606 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
12 
61 
Taxes and social security
1,454 
3,673 
Proposed dividends
4,000 
4,000 
Other creditors
39 
1,269 
Loans from directors
450 
979 
Accruals
720 
720 
6,675 
10,702 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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