Caseware UK (AP4) 2023.0.135 2023.0.135 2022-07-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05847824 2022-07-01 2023-06-30 05847824 2021-07-01 2022-06-30 05847824 2023-06-30 05847824 2022-06-30 05847824 2021-07-01 05847824 c:Director1 2022-07-01 2023-06-30 05847824 d:FurnitureFittings 2022-07-01 2023-06-30 05847824 d:FurnitureFittings 2023-06-30 05847824 d:FurnitureFittings 2022-06-30 05847824 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05847824 d:CurrentFinancialInstruments 2023-06-30 05847824 d:CurrentFinancialInstruments 2022-06-30 05847824 d:Non-currentFinancialInstruments 2023-06-30 05847824 d:Non-currentFinancialInstruments 2022-06-30 05847824 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05847824 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05847824 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05847824 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 05847824 d:ShareCapital 2023-06-30 05847824 d:ShareCapital 2022-06-30 05847824 d:ShareCapital 2021-07-01 05847824 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2023-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2022-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2021-07-01 05847824 c:OrdinaryShareClass1 2022-07-01 2023-06-30 05847824 c:OrdinaryShareClass1 2023-06-30 05847824 c:OrdinaryShareClass1 2022-06-30 05847824 c:FRS102 2022-07-01 2023-06-30 05847824 c:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05847824 c:FullAccounts 2022-07-01 2023-06-30 05847824 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05847824 2 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05847824










RBA Project Solutions Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2023

 
RBA Project Solutions Limited
 

Contents



Page
Accountants' report
 
 
1
Balance sheet
 
 
2
Statement of changes in equity
 
 
3
Notes to the financial statements
 
 
4 - 8


 
RBA Project Solutions Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of RBA Project Solutions Limited for the year ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RBA Project Solutions Limited for the year ended 30 June 2023 which comprise the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of RBA Project Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of RBA Project Solutions Limited  and state those matters that we have agreed to state to the Board of directors of RBA Project Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RBA Project Solutions Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that RBA Project Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RBA Project Solutions Limited. You consider that RBA Project Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of RBA Project Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
27 February 2024
Page 1

 
RBA Project Solutions Limited
Registered number: 05847824

Balance sheet
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,721
2,216

  
1,721
2,216

Current assets
  

Debtors: amounts falling due within one year
 5 
78,707
88,064

Bank & cash balances
  
74,415
206,902

  
153,122
294,966

Creditors: amounts falling due within one year
 6 
(126,968)
(147,952)

Net current assets
  
 
 
26,154
 
 
147,014

Total assets less current liabilities
  
27,875
149,230

Creditors: amounts falling due after more than one year
 7 
(26,612)
(35,650)

  

Net assets
  
1,263
113,580


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
 10 
1,261
113,578

  
1,263
113,580


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Baradaran Azimi
Director
Date: 26 February 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
RBA Project Solutions Limited
 

Statement of changes in equity
For the year ended 30 June 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2021
2
124,642
124,644


Comprehensive income for the year

Profit for the year
-
383,936
383,936

Dividends: Equity capital
-
(395,000)
(395,000)



At 1 July 2022
2
113,578
113,580


Comprehensive income for the year

Profit for the year
-
406,483
406,483

Dividends: Equity capital
-
(518,800)
(518,800)


At 30 June 2023
2
1,261
1,263


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

1.


General information

RBA Project Solutions Limited ("the company) is a private company limited by shares and was incorporated in England with the registration number 05847824.  The address of the registered office and principal place of business is Lower Station Road, Newick, East Sussex, BN8 4HT.  
The principal activity of the company continued to be that of a Consultant (project and cost management chartered surveyor). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.  
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 4

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
straight line

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. 

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 July 2022
15,935


Additions
313



At 30 June 2023

16,248



Depreciation


At 1 July 2022
13,719


Charge for the year on owned assets
808



At 30 June 2023

14,527



Net book value



At 30 June 2023
1,721



At 30 June 2022
2,216

Page 6

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

5.


Debtors

2023
2022
£
£


Trade debtors
54,585
88,064

Other debtors
24,122
-

78,707
88,064



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,849
10,417

Corporation tax
105,303
89,020

Other taxation and social security
8,992
42,347

Other creditors
-
4,299

Accruals and deferred income
2,824
1,869

126,968
147,952



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
26,612
35,650

26,612
35,650


Page 7

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,849
10,417


9,849
10,417

Amounts falling due 1-2 years

Bank loans
20,452
19,989


20,452
19,989

Amounts falling due 2-5 years

Bank loans
6,160
15,661


6,160
15,661


36,461
46,067



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



10.


Reserves

Profit & loss account

This reserve comprises of all current and prior periods retained profits and losses after deducting any distirbutions.  
Share capital
This represents the nominal value of shares that have been issued by the company.


11.


Controlling party

The company is under the control of its directors.  


Page 8