IRIS Accounts Production v23.2.0.158 08093217 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080932172022-06-30080932172023-06-30080932172022-07-012023-06-30080932172021-06-30080932172021-07-012022-06-30080932172022-06-3008093217ns10:Originalns15:EnglandWales2022-07-012023-06-3008093217ns14:PoundSterlingns10:Original2022-07-012023-06-3008093217ns10:Originalns10:Director12022-07-012023-06-3008093217ns10:Original2022-07-012023-06-3008093217ns10:Original2023-06-3008093217ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3008093217ns10:Originalns10:SmallEntities2022-07-012023-06-3008093217ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3008093217ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3008093217ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3008093217ns10:Originalns10:FullAccounts2022-07-012023-06-3008093217ns10:Original12022-07-012023-06-3008093217ns10:Originalns10:Director22022-07-012023-06-3008093217ns10:Originalns10:RegisteredOffice2022-07-012023-06-3008093217ns10:Original2022-06-3008093217ns10:Originalns5:CurrentFinancialInstruments2023-06-3008093217ns10:Originalns5:CurrentFinancialInstruments2022-06-3008093217ns10:Originalns5:Non-currentFinancialInstruments2023-06-3008093217ns10:Originalns5:Non-currentFinancialInstruments2022-06-3008093217ns5:ShareCapitalns10:Original2023-06-3008093217ns5:ShareCapitalns10:Original2022-06-3008093217ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3008093217ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3008093217ns10:Originalns5:NetGoodwill2022-07-012023-06-3008093217ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3008093217ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-012023-06-3008093217ns10:Originalns5:LeaseholdImprovements2022-07-012023-06-3008093217ns10:Originalns5:PlantMachinery2022-07-012023-06-3008093217ns10:Originalns5:FurnitureFittings2022-07-012023-06-3008093217ns10:Originalns5:MotorVehicles2022-07-012023-06-3008093217ns10:Originalns5:ComputerEquipment2022-07-012023-06-3008093217ns10:Original2021-07-012022-06-3008093217ns10:Originalns5:NetGoodwill2023-06-3008093217ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3008093217ns10:Originalns5:LeaseholdImprovements2022-06-3008093217ns10:Originalns5:PlantMachinery2022-06-3008093217ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-06-3008093217ns10:Originalns5:LeaseholdImprovements2023-06-3008093217ns10:Originalns5:PlantMachinery2023-06-3008093217ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3008093217ns10:Originalns5:LeaseholdImprovements2022-06-3008093217ns10:Originalns5:PlantMachinery2022-06-3008093217ns10:Originalns5:FurnitureFittings2022-06-3008093217ns10:Originalns5:MotorVehicles2022-06-3008093217ns10:Originalns5:ComputerEquipment2022-06-3008093217ns10:Original2022-06-3008093217ns10:Originalns5:FurnitureFittings2023-06-3008093217ns10:Originalns5:MotorVehicles2023-06-3008093217ns10:Originalns5:ComputerEquipment2023-06-3008093217ns10:Originalns5:FurnitureFittings2022-06-3008093217ns10:Originalns5:MotorVehicles2022-06-3008093217ns10:Originalns5:ComputerEquipment2022-06-3008093217ns10:Originalns5:AdditionsToInvestments2023-06-3008093217ns10:Originalns5:CostValuation2023-06-3008093217ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3008093217ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3008093217ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3008093217ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3008093217ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3008093217ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3008093217ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3008093217ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3008093217ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-06-3008093217ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-06-3008093217ns10:Originalns5:HirePurchaseContracts2023-06-3008093217ns10:Originalns5:HirePurchaseContracts2022-06-3008093217ns10:Originalns5:WithinOneYear2023-06-3008093217ns10:Originalns5:WithinOneYear2022-06-3008093217ns5:BetweenOneFiveYearsns10:Original2023-06-3008093217ns5:BetweenOneFiveYearsns10:Original2022-06-3008093217ns10:Originalns5:AllPeriods2023-06-3008093217ns10:Originalns5:AllPeriods2022-06-3008093217ns5:Securedns10:Original2023-06-3008093217ns5:Securedns10:Original2022-06-3008093217ns10:Originalns5:DeferredTaxation2022-06-3008093217ns10:Originalns5:DeferredTaxation2022-07-012023-06-3008093217ns10:Originalns5:DeferredTaxation2023-06-30
REGISTERED NUMBER: 08093217 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

RESCUE 2 LIMITED

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESCUE 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs M Jackaman
S B Jackaman





REGISTERED OFFICE: The Old Stables Decoy Lane
Arundel Road
Poling
Arundel
West Sussex
BN18 9QA





REGISTERED NUMBER: 08093217 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 429,879 -
Tangible assets 5 1,217,370 173,547
Investments 6 10 -
1,647,259 173,547

CURRENT ASSETS
Stocks 28,130 -
Debtors 7 1,335,720 704,597
Cash at bank 254,189 131,465
1,618,039 836,062
CREDITORS
Amounts falling due within one year 8 2,124,720 714,273
NET CURRENT (LIABILITIES)/ASSETS (506,681 ) 121,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,140,578

295,336

CREDITORS
Amounts falling due after more than one
year

9

(405,230

)

(68,456

)

PROVISIONS FOR LIABILITIES 12 (222,717 ) (32,616 )
NET ASSETS 512,631 194,264

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 512,531 194,164
512,631 194,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

BALANCE SHEET - continued
30 JUNE 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 14 November 2023 and were signed on its behalf by:





S B Jackaman - Director


RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Rescue 2 Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Rescue 2 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 7 years
Training equipment - 20% on cost
Plant and machinery - 20% on cost
Rescue equipment - 33% on cost
Motor vehicles - 20% on cost and 15% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.


RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

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 20 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
Additions 437,165
At 30 June 2023 437,165
AMORTISATION
Charge for year 7,286
At 30 June 2023 7,286
NET BOOK VALUE
At 30 June 2023 429,879

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Short Training Plant and
leasehold equipment machinery
£ £ £
COST
At 1 July 2022 - - 61,337
Additions 12,899 59,478 63,250
Disposals - - -
At 30 June 2023 12,899 59,478 124,587
DEPRECIATION
At 1 July 2022 - - 58,617
Charge for year 371 2,125 7,675
Eliminated on disposal - - -
At 30 June 2023 371 2,125 66,292
NET BOOK VALUE
At 30 June 2023 12,528 57,353 58,295
At 30 June 2022 - - 2,720

Rescue Motor Computer
equipment vehicles equipment Totals
£ £ £ £
COST
At 1 July 2022 103,556 200,708 49,265 414,866
Additions 246,013 985,511 31,929 1,399,080
Disposals - (201,195 ) - (201,195 )
At 30 June 2023 349,569 985,024 81,194 1,612,751
DEPRECIATION
At 1 July 2022 61,196 115,007 6,499 241,319
Charge for year 59,498 83,124 20,878 173,671
Eliminated on disposal - (19,609 ) - (19,609 )
At 30 June 2023 120,694 178,522 27,377 395,381
NET BOOK VALUE
At 30 June 2023 228,875 806,502 53,817 1,217,370
At 30 June 2022 42,360 85,701 42,766 173,547

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 10
At 30 June 2023 10
NET BOOK VALUE
At 30 June 2023 10

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,279,676 697,562
Other debtors 56,044 7,035
1,335,720 704,597

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 554,436 403,305
Hire purchase contracts (see note 10) 216,073 28,569
Trade creditors 331,821 128,010
Amounts owed to group undertakings 177,042 120
Corporation Tax - 19,415
Social security and other taxes 32,454 5,494
VAT 212,257 121,678
Other creditors 15,564 1,107
Directors' current accounts 404,303 4,734
Accruals and deferred income 180,770 1,841
2,124,720 714,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 1-2 years 10,648 9,936
Bank loans - 2-5 years 11,907 23,289
Hire purchase contracts (see note 10) 382,675 35,231
405,230 68,456

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 216,073 28,569
Between one and five years 382,675 35,231
598,748 63,800

Non-cancellable
operating leases
2023 2022
£ £
Within one year 74,000 -
Between one and five years 74,000 -
148,000 -

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank overdrafts 543,788 384,365
Bank loans 33,203 52,165
Hire purchase contracts 598,748 63,800
1,175,739 500,330

Bank overdrafts include invoice discounting. Bank loans and overdrafts are secured by a fixed and floating charge over all assets of the company.

Obligations under hire purchase contracts are secured on the assets purchased.

12. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 222,717 32,616

Deferred tax
£
Balance at 1 July 2022 32,616
Charge to Income Statement during year 190,101
Balance at 30 June 2023 222,717

The deferred tax rate used is 25% as set out in the government's Budget (2022 - 19%).