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Company Registration No. 09028242 (England and Wales)
R & S FINANCIAL CONSULTANTS UK LTD. Unaudited accounts for the year ended 31 March 2023
R & S FINANCIAL CONSULTANTS UK LTD. Unaudited accounts Contents
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R & S FINANCIAL CONSULTANTS UK LTD. Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,545 
- 
Current assets
Debtors
87,438 
- 
Cash at bank and in hand
168,937 
263,761 
256,375 
263,761 
Creditors: amounts falling due within one year
(39,158)
(38,338)
Net current assets
217,217 
225,423 
Total assets less current liabilities
218,762 
225,423 
Creditors: amounts falling due after more than one year
(34,067)
(46,969)
Provisions for liabilities
Deferred tax
(410)
- 
Net assets
184,285 
178,454 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
184,185 
178,354 
Shareholders' funds
184,285 
178,454 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2023 and were signed on its behalf by
Shabaab Hussain Director Company Registration No. 09028242
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R & S FINANCIAL CONSULTANTS UK LTD. Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
R & S FINANCIAL CONSULTANTS UK LTD. is a private company, limited by shares, registered in England and Wales, registration number 09028242. The registered office is 12 GREENCLIFFE AVENUE, BAILDON, SHIPLEY, BD17 5AF, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
3 Years
Computer equipment
3 Years
Deferred taxation
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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R & S FINANCIAL CONSULTANTS UK LTD. Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
- 
- 
- 
Additions
269 
1,767 
2,036 
At 31 March 2023
269 
1,767 
2,036 
Depreciation
Charge for the year
85 
406 
491 
At 31 March 2023
85 
406 
491 
Net book value
At 31 March 2023
184 
1,361 
1,545 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
87,438 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,902 
- 
Taxes and social security
25,116 
23,959 
Loans from directors
- 
8,379 
Accruals
7,140 
6,000 
39,158 
38,338 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,067 
46,969 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
410 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
410 
- 
Provision at end of year
410 
- 
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R & S FINANCIAL CONSULTANTS UK LTD. Notes to the Accounts for the year ended 31 March 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
- 
27,438 
- 
27,438 
- 
27,438 
- 
27,438 
The advances are interest free and are included within 'Other Debtors' in note 7 above. The advances were repaid back to the Company on the 31 May 2023.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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