Company Registration No. 08088824 (England and Wales)
RGS Tech Ltd
Unaudited accounts
for the year ended 31 May 2023
RGS Tech Ltd
Unaudited accounts
Contents
RGS Tech Ltd
Company Information
for the year ended 31 May 2023
Directors
Mrs. R Narayanasamy
Mr. B S Sajja
Company Number
08088824 (England and Wales)
Registered Office
86 Chervil Close
Manchester
M14 7DP
RGS Tech Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
2,225
1,884
Cash at bank and in hand
100,529
59,694
Creditors: amounts falling due within one year
(46,091)
(55,020)
Net current assets
54,438
4,674
Total assets less current liabilities
56,663
6,558
Creditors: amounts falling due after more than one year
(6,250)
(9,250)
Net assets/(liabilities)
50,413
(2,692)
Called up share capital
100
100
Profit and loss account
50,313
(2,792)
Shareholders' funds
50,413
(2,692)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2023 and were signed on its behalf by
Mr. B S Sajja
Director
Company Registration No. 08088824
RGS Tech Ltd
Notes to the Accounts
for the year ended 31 May 2023
RGS Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 08088824. The registered office is 86 Chervil Close, Manchester, M14 7DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reduce balance basis
4
Tangible fixed assets
Computer equipment
RGS Tech Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,000
2,900
Taxes and social security
19,946
4,106
Loans from directors
16,165
46,446
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).