1 July 2022 v2024.5.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP031593072022-07-012023-06-30031593072023-06-3003159307bus:Director12022-07-012023-06-3003159307bus:Director22022-07-012023-06-3003159307bus:Director32022-07-012023-06-3003159307bus:Director42022-07-012023-06-3003159307bus:CompanySecretary12022-07-012023-06-3003159307bus:RegisteredOffice2022-07-012023-06-30031593072021-07-012022-06-30031593072022-06-3003159307core:WithinOneYear2023-06-3003159307core:WithinOneYear2022-06-3003159307core:AfterOneYear2023-06-3003159307core:ShareCapital2023-06-3003159307core:ShareCapital2022-06-3003159307core:RetainedEarningsAccumulatedLosses2023-06-3003159307core:RetainedEarningsAccumulatedLosses2022-06-3003159307core:MotorVehicles2022-07-012023-06-3003159307core:PlantMachinery2023-06-3003159307core:PlantMachinery2022-07-0103159307core:PlantMachinery2022-07-012023-06-3003159307core:PlantMachinery2022-06-300315930712022-07-012023-06-3003159307countries:EnglandWales2022-07-012023-06-3003159307bus:AuditExemptWithAccountantsReport2022-07-012023-06-3003159307bus:PrivateLimitedCompanyLtd2022-07-012023-06-3003159307bus:SmallEntities2022-07-012023-06-3003159307bus:FullAccounts2022-07-012023-06-30
Company registration number:
03159307
R P M Services Limited
Unaudited Financial Statements for the year ended
30 June 2023
Ledgers Ltd
Chartered Certified Accountants
Unit 10 Spitfire Business Park, Hawker Rd, Croydon, CR0 4WD, United Kingdom
R P M Services Limited
Officers and Professional Advisers
Year ended
30 June 2023
Directors
G Batchelor
J Russell
J Russell
P Russell
Company secretary
Janice Lee Russell
Registered office
6 Bridge Parade
Waddon Road
Croydon
CR0 4JH
England
Accountant
Ledgers Ltd
Chartered Certified Accountants
Unit 10 Spitfire Business Park
Hawker Rd
Croydon
CR0 4WD
United Kingdom
Bank
NatWest Bank plc
27 Woodcote Road
Wallington
SM6 0LN
United Kingdom
R P M Services Limited
Directors' Report
Year ended
30 June 2023
The directors present their report and the unaudited
financial statements
of the company for the year ended 30 June 2023.

Directors

The directors who served the company during the year were as follows:
G Batchelor
J Russell
J Russell
P Russell

Insurance Claim

The company is currently engaged in an insurance claim with a contractor regarding an outstanding debt due to RPM Services Ltd

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
29 September 2023
and signed on behalf of the board by:
J Russell
Director
R P M Services Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of R P M Services Limited
Year ended
30 June 2023
As described on the statement of financial position, the Board of Directors of
R P M Services Limited
are responsible for the preparation of the
financial statements
for the year ended
30 June 2023
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Ledgers Ltd
Chartered Certified Accountants
Unit 10 Spitfire Business Park
Hawker Rd
Croydon
CR0 4WD
United Kingdom
Date:
29 September 2023
R P M Services Limited
Income Statement
Year ended
30 June 2023
20232022
££
Turnover
5,836,882
 
6,457,989
 
Cost of sales
(5,029,002
) (5,731,402 )
Gross profit
807,880
 
726,587
 
Administrative expenses
(795,352
)
(816,123
)
Operating profit/(loss)
12,528
 
(89,536
)
Other interest receivable and similar income
5,772
 
432
 
Interest payable and similar expenses
(3,281
) -  
Profit/(loss) before tax
15,019
 
(89,104
)
Tax on profit/(loss) -  
9,781
 
Profit/(loss) for the financial year
15,019
 
(79,323
)
The company has no other recognised items of income or expense other than the results for the year as set out above.
R P M Services Limited
Statement of Financial Position
30 June 2023
20232022
Note££
Fixed assets    
Tangible assets 5
2
 
5,280
 
Current assets    
Stocks
490,334
 
68,617
 
Debtors 6
865,565
 
666,913
 
Cash at bank and in hand
975,108
 
1,367,336
 
2,331,007
 
2,102,866
 
Creditors: amounts falling due within one year 7
(818,893
)
(597,796
)
Net current assets
1,512,114
 
1,505,070
 
Total assets less current liabilities 1,512,116   1,510,350  
Creditors: amounts falling due after more than one year 8
13,253
  -  
Net assets
1,525,369
 
1,510,350
 
Capital and reserves    
Called up share capital
25,000
 
25,000
 
Profit and loss account
1,500,369
 
1,485,350
 
Shareholders funds
1,525,369
 
1,510,350
 
For the year ending
30 June 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.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
29 September 2023
, and are signed on behalf of the board by:
J Russell
G Batchelor
DirectorDirector
Company registration number:
03159307
R P M Services Limited
Notes to the Financial Statements
Year ended
30 June 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
6 Bridge Parade
,
Waddon Road
,
Croydon
,
CR0 4JH
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% straight line

Work in Progress

Work in progress and 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 stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases 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.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
27
(2022:
28
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2022
and
30 June 2023
47,392
 
Depreciation  
At
1 July 2022
42,112
 
Charge
5,278
 
At
30 June 2023
47,390
 
Carrying amount  
At
30 June 2023
2
 
At 30 June 2022
5,280
 

6 Debtors

20232022
££
Trade debtors
756,841
 
560,156
 
Other debtors
108,724
 
106,757
 
865,565
 
666,913
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
721,377
 
479,830
 
Taxation and social security
53,037
 
55,055
 
Other creditors
44,479
 
62,911
 
818,893
 
597,796
 

8 Creditors: amounts falling due after more than one year

20232022
££
Trade creditors
(13,253
) -