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REGISTERED NUMBER: 03547885 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2023

for

R.M.S. Electrical Ltd

R.M.S. Electrical Ltd (Registered number: 03547885)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.M.S. Electrical Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R J McSpadden
M Melnick





SECRETARY: Ms D Keir





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 03547885 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

R.M.S. Electrical Ltd (Registered number: 03547885)

Balance Sheet
31 March 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
96 Tangible assets 4 478

CURRENT ASSETS
27,482 Debtors 5 12,000
81,803 Cash at bank and in hand 299,920
109,285 311,920
CREDITORS
31,711 Amounts falling due within one year 6 130,504
77,574 NET CURRENT ASSETS 181,416
77,670 TOTAL ASSETS LESS CURRENT
LIABILITIES

181,894

CREDITORS
(41,126 ) Amounts falling due after more than one
year

7

(31,196

)

(18 ) PROVISIONS FOR LIABILITIES (91 )
36,526 NET ASSETS 150,607

CAPITAL AND RESERVES
100 Called up share capital 100
36,426 Retained earnings 150,507
36,526 SHAREHOLDERS' FUNDS 150,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

R.M.S. Electrical Ltd (Registered number: 03547885)

Balance Sheet - continued
31 March 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 18 October 2023 and were signed on its behalf by:





R J McSpadden - Director


R.M.S. Electrical Ltd (Registered number: 03547885)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

R.M.S. Electrical Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of services, excluding value added tax.

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 etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year 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 year 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 2 (2022 - 2 ) .

R.M.S. Electrical Ltd (Registered number: 03547885)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 4,112
Additions 531
At 31 March 2023 4,643
DEPRECIATION
At 1 April 2022 4,016
Charge for year 149
At 31 March 2023 4,165
NET BOOK VALUE
At 31 March 2023 478
At 31 March 2022 96

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 12,000 27,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 8,034 4,713
Taxation and social security 114,767 25,229
Other creditors 7,703 1,769
130,504 31,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 31,196 41,126

8. POST BALANCE SHEET EVENTS

There were no post balance sheet events which require being brought to the attention of the shareholders or creditors.