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COMPANY REGISTRATION NUMBER: 08619578
R.S.V.P Consulting Limited
Filleted Unaudited Financial Statements
31 July 2023
R.S.V.P Consulting Limited
Financial Statements
Year ended 31 July 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
R.S.V.P Consulting Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
744
1,041
Investments
7
42,548
----
--------
744
43,589
Current assets
Debtors
8
2,472
Cash at bank and in hand
7,619
61
--------
----
10,091
61
Creditors: amounts falling due within one year
9
34,291
29,242
--------
--------
Net current liabilities
24,200
29,181
--------
--------
Total assets less current liabilities
( 23,456)
14,408
--------
--------
Net (liabilities)/assets
( 23,456)
14,408
--------
--------
Capital and reserves
Called up share capital
10
1
1
Profit and loss account
( 23,457)
14,407
--------
--------
Shareholders (deficit)/funds
( 23,456)
14,408
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
R.S.V.P Consulting Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 9 February 2024 , and are signed on behalf of the board by:
R W Sharman
Director
Company registration number: 08619578
R.S.V.P Consulting Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the director. The director has indicated their willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. Therefore the director considers the going concern basis is appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Dividends
2023
2022
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
90,500
68,700
--------
--------
During the year the company paid dividends in excess of its distributable profit in contravention of section 830 of the Companies Act 2006. The director was not aware that this had occurred at the time the dividend was paid. The error occurred owing to a miscalculation of the profits. The shareholder is aware of his responsibilities.
6. Tangible assets
Plant and machinery
£
Cost
At 1 August 2022 and 31 July 2023
1,190
-------
Depreciation
At 1 August 2022
149
Charge for the year
297
-------
At 31 July 2023
446
-------
Carrying amount
At 31 July 2023
744
-------
At 31 July 2022
1,041
-------
7. Investments
Other investments other than loans
£
Cost
At 1 August 2022
42,548
Additions
11,282
Disposals
( 53,830)
--------
At 31 July 2023
--------
Impairment
At 1 August 2022 and 31 July 2023
--------
Carrying amount
At 31 July 2023
--------
At 31 July 2022
42,548
--------
8. Debtors
2023
2022
£
£
Other debtors
2,472
-------
----
9. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
145
Accruals and deferred income
2,965
3,716
Corporation tax
26,130
15,460
Social security and other taxes
5,196
4,056
Director loan accounts
5,865
--------
--------
34,291
29,242
--------
--------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
11. Director's advances, credits and guarantees
At the year end the director owed the company £2,472 (2022: the company owed the director £5,865) by way of a directors loan account. The maximum amount outstanding during the year was £8,451 (2022: £5,401). Interest of £nil (2022: £nil) has been charged on this loan.