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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
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RBA Accountancy Limited Company Information for the year ended 31 March 2024
Director
Simon Smale
Company Number
07310817 (England and Wales)
Registered Office
2 Craikewells Flamborough East Riding of Yorkshire YO15 1QH
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RBA Accountancy Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
371 
1,230 
Current assets
Debtors
6,785 
1,516 
Cash at bank and in hand
3,733 
15,113 
10,518 
16,629 
Creditors: amounts falling due within one year
(5,446)
(6,200)
Net current assets
5,072 
10,429 
Net assets
5,443 
11,659 
Capital and reserves
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
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RBA Accountancy Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
33% on cost
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.
Leased assets
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.
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RBA Accountancy Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
8,885 
Disposals
(2,320)
At 31 March 2024
6,565 
Depreciation
At 1 April 2023
7,655 
Charge for the year
859 
On disposals
(2,320)
At 31 March 2024
6,194 
Net book value
At 31 March 2024
371 
At 31 March 2023
1,230 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
632 
270 
Amounts due from group undertakings etc.
5,000 
- 
Accrued income and prepayments
1,009 
1,009 
Other debtors
144 
237 
6,785 
1,516 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
13 
- 
Loans from directors
5,000 
6,000 
Accruals
433 
200 
5,446 
6,200 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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RBA Accountancy Limited Notes to the Accounts for the year ended 31 March 2024
8
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.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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