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REGISTERED NUMBER: 01372658 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

FOR

R.T.S. ENGINEERING (SOMERSET) LIMITED

R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R.T.S. ENGINEERING (SOMERSET) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023







DIRECTORS: R Shorthouse
Mrs J A Shorthouse
K Shorthouse





SECRETARY: Mrs J A Shorthouse





REGISTERED OFFICE: Unit 6
Sedgemouth Industrial Park
Bristol Road
Bridgwater
Somerset
TA6 4AR





REGISTERED NUMBER: 01372658 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,655 46,683

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 284,355 118,125
Cash at bank and in hand 43,400 34,452
328,755 153,577
CREDITORS
Amounts falling due within one year 6 247,751 149,728
NET CURRENT ASSETS 81,004 3,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,659

50,532

PROVISIONS FOR LIABILITIES 7,245 7,972
NET ASSETS 116,414 42,560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,314 42,460
SHAREHOLDERS' FUNDS 116,414 42,560

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 27 November 2023 and were signed on its behalf by:





R Shorthouse - Director


R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

R.T.S. Engineering (Somerset) 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 represents net invoiced sales of services including maintenance and repairs.

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 - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Stocks are valued at cost and represent the value of small parts and consumables not for resale.

Taxation
Taxation for the period 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 period 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 period was 4 (2022 - 8 ) .

R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 October 2022 71,055 175,781 49,287 296,123
Additions - - 1,375 1,375
Disposals - (1,648 ) - (1,648 )
At 31 March 2023 71,055 174,133 50,662 295,850
DEPRECIATION
At 1 October 2022 53,255 149,849 46,336 249,440
Charge for period 1,335 3,201 541 5,077
Eliminated on disposal - (1,322 ) - (1,322 )
At 31 March 2023 54,590 151,728 46,877 253,195
NET BOOK VALUE
At 31 March 2023 16,465 22,405 3,785 42,655
At 30 September 2022 17,800 25,932 2,951 46,683


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 201,053 79,329
Retentions 72,173 27,231
Prepayments and accrued income 11,129 11,565
284,355 118,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 82,415 34,412
Corporation tax (16,349 ) (16,365 )
Social security and other taxes 4,264 4,948
Directors' current accounts 117,463 97,463
Accruals and deferred income 59,958 29,270
247,751 149,728

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

8. RELATED PARTY DISCLOSURES

The business premises that the entity operates out of is owned by Mr and Mrs Shorthouse, a market rate charge has been applied for the use of the property during the year.