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REGISTERED NUMBER: 10968145 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

RS DRY CLEANING LIMITED

RS DRY CLEANING LIMITED (Registered number: 10968145)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS DRY CLEANING LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S A Varachia
R S Issat





REGISTERED OFFICE: Unit 1
527 Green Lane
Ilford
Essex
IG3 9RH





REGISTERED NUMBER: 10968145 (England and Wales)





ACCOUNTANTS: S&K Associates Ltd T/A Shoaibi and Co
Chartered Certified Accountants
Unit1
527 Green Lane
Ilford
IG3 9RH

RS DRY CLEANING LIMITED (Registered number: 10968145)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 291,386 251,629

CURRENT ASSETS
Stocks 9,520 8,550
Debtors 5 96,154 72,463
Cash at bank and in hand 84,782 82,052
190,456 163,065
CREDITORS
Amounts falling due within one year 6 419,134 284,446
NET CURRENT LIABILITIES (228,678 ) (121,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,708

130,248

CREDITORS
Amounts falling due after more than one
year

7

(27,535

)

(109,360

)

PROVISIONS FOR LIABILITIES (31,000 ) (20,000 )
NET ASSETS 4,173 888

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,073 788
4,173 888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

RS DRY CLEANING LIMITED (Registered number: 10968145)

Balance Sheet - continued
28 February 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 24 November 2023 and were signed on its behalf by:




S A Varachia - Director



R S Issat - Director


RS DRY CLEANING LIMITED (Registered number: 10968145)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

RS DRY CLEANING 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.

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

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 - 20% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 25 ) .

RS DRY CLEANING LIMITED (Registered number: 10968145)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 371,444
Additions 112,604
At 28 February 2023 484,048
DEPRECIATION
At 1 March 2022 119,815
Charge for year 72,847
At 28 February 2023 192,662
NET BOOK VALUE
At 28 February 2023 291,386
At 28 February 2022 251,629

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 68,399 48,399
Other debtors 27,755 24,064
96,154 72,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 77,720 77,257
Taxation and social security 133,653 29,702
Other creditors 207,761 177,487
419,134 284,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 13,333 86,667
Hire purchase contracts 14,202 22,693
27,535 109,360

RS DRY CLEANING LIMITED (Registered number: 10968145)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,333 86,667