Company Registration No. 07310817 (England and Wales)
RBA Accountancy Limited
Unaudited accounts
for the year ended 31 March 2024
RBA Accountancy Limited
Unaudited accounts
Contents
RBA Accountancy Limited
Company Information
for the year ended 31 March 2024
Company Number
07310817 (England and Wales)
Registered Office
2 Craikewells
Flamborough
East Riding of Yorkshire
YO15 1QH
RBA Accountancy Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
3,733
15,113
Creditors: amounts falling due within one year
(5,446)
(6,200)
Net current assets
5,072
10,429
Called up share capital
100
100
Profit and loss account
5,343
11,559
Shareholders' funds
5,443
11,659
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 10 April 2024 and were signed on its behalf by
Simon Smale
Director
Company Registration No. 07310817
RBA Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
RBA Accountancy Limited is a private company, limited by shares, registered in England and Wales, registration number 07310817. The registered office is 2 Craikewells, Flamborough, East Riding of Yorkshire, YO15 1QH.
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 are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
RBA Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Amounts due from group undertakings etc.
5,000
-
Accrued income and prepayments
1,009
1,009
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
5,000
6,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
RBA Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
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Transactions with related parties
During the year, the company invoiced RBA Bookkeeping Limited, a subsidiary company, £545 (2023: £480) in respect of recharge for IT and regulatory support services.
As at 31 March 2024 the company was owed £5,000 (2023: £Nil) by RBA Bookkeeping Limited in respect of unremitted dividends. This amount is interest free and repayable on demand.
As at 31 March 2024 the company owed its director, Mr S J Smale, £5,000 (2023: £6,000) in respect of unremitted dividends. This amount is interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).