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REGISTERED NUMBER: SC606136 (Scotland)















Unaudited Financial Statements

for the Period

1 September 2022 to 31 December 2023

for

RCS Smith Ltd

RCS Smith Ltd (Registered number: SC606136)






Contents of the Financial Statements
for the Period 1 September 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RCS Smith Ltd

Company Information
for the Period 1 September 2022 to 31 December 2023







DIRECTORS: Mr R Smith
Mrs C L Smith





REGISTERED OFFICE: 52 Melrose Crescent
Macduff
Aberdeenshire
AB44 1QX





REGISTERED NUMBER: SC606136 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

RCS Smith Ltd (Registered number: SC606136)

Balance Sheet
31 December 2023

31.12.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 863

CURRENT ASSETS
Debtors 5 - 5,288
Cash at bank 22,240 51,916
22,240 57,204
CREDITORS
Amounts falling due within one year 6 14,905 12,836
NET CURRENT ASSETS 7,335 44,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,335

45,231

PROVISIONS FOR LIABILITIES - 164
NET ASSETS 7,335 45,067

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,235 44,967
SHAREHOLDERS' FUNDS 7,335 45,067

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

RCS Smith Ltd (Registered number: SC606136)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





Mr R Smith - Director


RCS Smith Ltd (Registered number: SC606136)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 December 2023

1. STATUTORY INFORMATION

RCS Smith Ltd is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

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

RCS Smith Ltd (Registered number: SC606136)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022 1,288
Disposals (1,288 )
At 31 December 2023 -
DEPRECIATION
At 1 September 2022 425
Eliminated on disposal (425 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 August 2022 863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Trade debtors - 5,055
Amounts recoverable on contract - 233
- 5,288

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Taxation and social security 12,859 11,104
Other creditors 2,046 1,732
14,905 12,836

7. RELATED PARTY DISCLOSURES

The directors, Mr R Smith and Mrs CL Smith, operate current accounts with the company and as at the financial year end the combined balance owing to them was £322 (2022: £322). There are no fixed terms of repayment and no interest is accrued.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who between them own 100% of the issued share capital.