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REGISTERED NUMBER: 10070863 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 June 2023

for

RSM Surfacing Limited

RSM Surfacing Limited (Registered number: 10070863)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RSM Surfacing Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr R Marsden
Mrs M A Marsden





REGISTERED OFFICE: 7 Owlthorpe Drive
Mosborough
Sheffield
S20 5JU





REGISTERED NUMBER: 10070863 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

RSM Surfacing Limited (Registered number: 10070863)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 389,446 280,805

CURRENT ASSETS
Stocks 82,841 82,641
Debtors 5 1,856,727 2,312,549
Cash at bank 1,479,134 1,119,657
3,418,702 3,514,847
CREDITORS
Amounts falling due within one year 6 1,031,801 1,556,874
NET CURRENT ASSETS 2,386,901 1,957,973
TOTAL ASSETS LESS CURRENT LIABILITIES 2,776,347 2,238,778

CREDITORS
Amounts falling due after more than one
year

7

(46,000

)

-

PROVISIONS FOR LIABILITIES 8 (52,822 ) (53,353 )
NET ASSETS 2,677,525 2,185,425

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,677,523 2,185,423
2,677,525 2,185,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

RSM Surfacing Limited (Registered number: 10070863)

Balance Sheet - continued
30 June 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 14 September 2023 and were signed on its behalf by:




Mr R Marsden - Director



Mrs M A Marsden - Director


RSM Surfacing Limited (Registered number: 10070863)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

RSM Surfacing 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RSM Surfacing Limited (Registered number: 10070863)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 499,310
Additions 252,900
Disposals (79,000 )
At 30 June 2023 673,210
DEPRECIATION
At 1 July 2022 218,505
Charge for year 103,525
Eliminated on disposal (38,266 )
At 30 June 2023 283,764
NET BOOK VALUE
At 30 June 2023 389,446
At 30 June 2022 280,805

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 122,492
Additions 202,289
Reclassification/transfer (72,492 )
At 30 June 2023 252,289
DEPRECIATION
At 1 July 2022 61,323
Charge for year 48,580
Reclassification/transfer (35,112 )
At 30 June 2023 74,791
NET BOOK VALUE
At 30 June 2023 177,498
At 30 June 2022 61,169

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,405,074 1,815,071
Amounts owed by group undertakings 225,000 -
Other debtors 226,653 497,478
1,856,727 2,312,549

RSM Surfacing Limited (Registered number: 10070863)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 89,983 41,791
Trade creditors 561,009 928,523
Taxation and social security 191,164 243,388
Other creditors 189,645 343,172
1,031,801 1,556,874

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 46,000 -

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 52,822 53,353

Deferred
tax
£   
Balance at 1 July 2022 53,353
Provided during year (531 )
Balance at 30 June 2023 52,822