4 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 9,800 9,800 xbrli:pure xbrli:shares iso4217:GBP 07562161 2022-04-01 2023-03-31 07562161 2023-03-31 07562161 2022-03-31 07562161 2021-04-01 2022-03-31 07562161 2022-03-31 07562161 core:PlantMachinery 2022-04-01 2023-03-31 07562161 core:MotorVehicles 2022-04-01 2023-03-31 07562161 bus:Director1 2022-04-01 2023-03-31 07562161 bus:Director2 2022-04-01 2023-03-31 07562161 core:NetGoodwill 2023-03-31 07562161 core:PlantMachinery 2022-03-31 07562161 core:MotorVehicles 2022-03-31 07562161 core:PlantMachinery 2023-03-31 07562161 core:MotorVehicles 2023-03-31 07562161 core:WithinOneYear 2023-03-31 07562161 core:WithinOneYear 2022-03-31 07562161 core:AfterOneYear 2023-03-31 07562161 core:AfterOneYear 2022-03-31 07562161 core:ShareCapital 2023-03-31 07562161 core:ShareCapital 2022-03-31 07562161 core:RetainedEarningsAccumulatedLosses 2023-03-31 07562161 core:RetainedEarningsAccumulatedLosses 2022-03-31 07562161 core:PlantMachinery 2022-03-31 07562161 core:MotorVehicles 2022-03-31 07562161 bus:SmallEntities 2022-04-01 2023-03-31 07562161 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07562161 bus:FullAccounts 2022-04-01 2023-03-31 07562161 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07562161 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 07562161
RB Mobility Services Limited
Filleted Unaudited Financial Statements
31 March 2023
RB Mobility Services Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
RB Mobility Services Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
53,111
36,669
Current assets
Stocks
1,735
2,059
Debtors
7
11,591
10,596
Cash at bank and in hand
14,433
15,080
-------
-------
27,759
27,735
Creditors: amounts falling due within one year
8
32,872
41,134
-------
-------
Net current liabilities
5,113
13,399
-------
-------
Total assets less current liabilities
47,998
23,270
Creditors: amounts falling due after more than one year
9
29,328
14,699
Provisions
Taxation including deferred tax
10,755
6,967
-------
-------
Net assets
7,915
1,604
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
7,815
1,504
------
------
Shareholders funds
7,915
1,604
------
------
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 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RB Mobility Services Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 10 September 2023 , and are signed on behalf of the board by:
Mr T J Randall
Mr C Barker
Director
Director
Company registration number: 07562161
RB Mobility Services Limited
Notes to the Financial Statements
Year ended 31 March 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 112-114 High Street, Rickmansworth, Herts, WD3 1AQ.
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
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered during the year, stated net of discounts and of Value Added Tax.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) 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:
Plant and machinery
-
10% straight line
Motor vehicles
-
25% straight line
Office equipment
-
33% straight line
(f) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(g) Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
(h) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a finicial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
(i) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
9,800
------
Amortisation
At 1 April 2022 and 31 March 2023
9,800
------
Carrying amount
At 31 March 2023
------
At 31 March 2022
------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2022
14,398
56,252
5,604
76,254
Additions
33,765
296
34,061
Disposals
( 24,204)
( 24,204)
-------
-------
------
-------
At 31 March 2023
14,398
65,813
5,900
86,111
-------
-------
------
-------
Depreciation
At 1 April 2022
9,630
25,170
4,785
39,585
Charge for the year
1,203
14,356
547
16,106
Disposals
( 22,691)
( 22,691)
-------
-------
------
-------
At 31 March 2023
10,833
16,835
5,332
33,000
-------
-------
------
-------
Carrying amount
At 31 March 2023
3,565
48,978
568
53,111
-------
-------
------
-------
At 31 March 2022
4,768
31,082
819
36,669
-------
-------
------
-------
7. Debtors
2023
2022
£
£
Trade debtors
2,965
1,854
Other debtors
8,626
8,742
-------
-------
11,591
10,596
-------
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,081
8,132
Corporation tax
3,217
8,850
Social security and other taxes
551
1,222
Other creditors
24,023
22,930
-------
-------
32,872
41,134
-------
-------
Included in other creditors is an amount of £11,549 (2022:£8,844) which represents short-term hire purchase liabilities secured on the related fixed assets.
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
29,328
14,699
-------
-------
Other creditors represent hire purchase liabilities secured on the related fixed assets.