1 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 12,081 10,742 748 11,490 591 1,339 xbrli:pure xbrli:shares iso4217:GBP 05368676 2022-03-01 2023-02-28 05368676 2023-02-28 05368676 2022-02-28 05368676 2021-03-01 2022-02-28 05368676 2022-02-28 05368676 bus:Director1 2022-03-01 2023-02-28 05368676 core:WithinOneYear 2023-02-28 05368676 core:WithinOneYear 2022-02-28 05368676 core:ShareCapital 2023-02-28 05368676 core:ShareCapital 2022-02-28 05368676 core:RetainedEarningsAccumulatedLosses 2023-02-28 05368676 core:RetainedEarningsAccumulatedLosses 2022-02-28 05368676 bus:SmallEntities 2022-03-01 2023-02-28 05368676 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 05368676 bus:FullAccounts 2022-03-01 2023-02-28 05368676 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 05368676 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05368676 core:FurnitureFittingsToolsEquipment 2023-02-28 05368676 core:FurnitureFittingsToolsEquipment 2022-02-28 05368676 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 05368676
RMC DESIGNS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
RMC DESIGNS LTD
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
591
1,339
CURRENT ASSETS
Debtors
6
222
556
Cash at bank and in hand
73,625
88,109
--------
--------
73,847
88,665
CREDITORS: amounts falling due within one year
7
63,312
65,409
--------
--------
NET CURRENT ASSETS
10,535
23,256
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
11,126
24,595
--------
--------
NET ASSETS
11,126
24,595
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
2
2
Profit and loss account
11,124
24,593
--------
--------
SHAREHOLDERS FUNDS
11,126
24,595
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RMC DESIGNS LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 10 November 2023 , and are signed on behalf of the board by:
Mr R McCracken
Director
Company registration number: 05368676
RMC DESIGNS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Caistor Road, Gretton, Corby, Northamptonshire, NN17 3DL.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Furniture and equipment
-
33 1/3% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. TANGIBLE ASSETS
Furniture and equipment
£
Cost
At 1 March 2022 and 28 February 2023
12,081
--------
Depreciation
At 1 March 2022
10,742
Charge for the year
748
--------
At 28 February 2023
11,490
--------
Carrying amount
At 28 February 2023
591
--------
At 28 February 2022
1,339
--------
6. DEBTORS
2023
2022
£
£
Other debtors
222
556
----
----
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,764
3,483
Social security and other taxes
31
Other creditors
60,517
61,926
--------
--------
63,312
65,409
--------
--------
8. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The director has advanced monies to the company. At 28 February 2023 the amount due from the company was £58,932 (2022 - £60,341).