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REGISTERED NUMBER: 12219879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

RS Security Consultants Limited

RS Security Consultants Limited (Registered number: 12219879)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS Security Consultants Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R J Sumner
C E Sumner





SECRETARY: C E Sumner





REGISTERED OFFICE: 3 Park Square East
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 12219879 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

RS Security Consultants Limited (Registered number: 12219879)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,000 52,500
Tangible assets 5 130,403 13,623
165,403 66,123

CURRENT ASSETS
Debtors 6 143,001 49,607
Cash at bank and in hand 81,664 81,483
224,665 131,090
CREDITORS
Amounts falling due within one year 7 112,624 105,842
NET CURRENT ASSETS 112,041 25,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,444

91,371

CREDITORS
Amounts falling due after more than one
year

8

(94,204

)

(30,510

)

PROVISIONS FOR LIABILITIES 10 (32,601 ) (3,406 )
NET ASSETS 150,639 57,455

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 150,539 57,355
SHAREHOLDERS' FUNDS 150,639 57,455

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

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

RS Security Consultants Limited (Registered number: 12219879)

Balance Sheet - continued
31 March 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 30 October 2023 and were signed on its behalf by:





R J Sumner - Director


RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

RS Security Consultants 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.

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 2021, is being amortised evenly over its estimated useful life of four 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Office equipment - 20% on cost

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.

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 70,000
AMORTISATION
At 1 April 2022 17,500
Amortisation for year 17,500
At 31 March 2023 35,000
NET BOOK VALUE
At 31 March 2023 35,000
At 31 March 2022 52,500

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 - 16,486 16,486
Additions 121,705 6,443 128,148
At 31 March 2023 121,705 22,929 144,634
DEPRECIATION
At 1 April 2022 - 2,863 2,863
Charge for year 7,607 3,761 11,368
At 31 March 2023 7,607 6,624 14,231
NET BOOK VALUE
At 31 March 2023 114,098 16,305 130,403
At 31 March 2022 - 13,623 13,623

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 107,705
At 31 March 2023 107,705
DEPRECIATION
Charge for year 6,732
At 31 March 2023 6,732
NET BOOK VALUE
At 31 March 2023 100,973

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,320 42,300
Directors' current accounts 102,981 -
Prepayments and accrued income 5,700 7,307
143,001 49,607

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan 11,160 11,160
Hire purchase contracts 16,890 -
Trade creditors 7,500 6,055
Tax 5,886 37,383
Social security and other taxes 38,535 28,013
Directors' current accounts - 456
Accrued expenses 32,653 22,775
112,624 105,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 73,697 -
Bank loan 20,507 30,510
94,204 30,510

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. It carries an interest rate of 2.5% per annum and is repayable in accordance with the rules of the scheme.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 90,587 -

The hire purchase contract is secured against the asset to which it relates.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 32,601 3,406

Deferred
tax
£   
Balance at 1 April 2022 3,406
Charge to the income statement 29,195
during the year
Balance at 31 March 2023 32,601

RS Security Consultants Limited (Registered number: 12219879)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2022 57,355
Profit for the year 168,184
Dividends (75,000 )
At 31 March 2023 150,539

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2022 - £81,000) were paid to the directors .

At the year end the directors owed the company £102,981 (2022: the company owed the directors £456). This amount was repaid within 9 months of the year end and interest has been charged at the official rate.

14. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.