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REGISTERED NUMBER: 10435892 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

RM7 SOLUTIONS LIMITED

RM7 SOLUTIONS LIMITED (REGISTERED NUMBER: 10435892)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RM7 SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D Freeman
P Field





SECRETARY: Tayler Bradshaw Limited





REGISTERED OFFICE: Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX





REGISTERED NUMBER: 10435892 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

RM7 SOLUTIONS LIMITED (REGISTERED NUMBER: 10435892)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,537 34,745

CURRENT ASSETS
Debtors 5 607,046 423,325
Cash at bank 367,246 353,770
974,292 777,095
CREDITORS
Amounts falling due within one year 6 693,238 472,811
NET CURRENT ASSETS 281,054 304,284
TOTAL ASSETS LESS CURRENT LIABILITIES 329,591 339,029

CREDITORS
Amounts falling due after more than one
year

7

(40,000

)

(64,000

)

PROVISIONS FOR LIABILITIES (9,222 ) (6,602 )
NET ASSETS 280,369 268,427

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 280,365 268,423
SHAREHOLDERS' FUNDS 280,369 268,427

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

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

RM7 SOLUTIONS LIMITED (REGISTERED NUMBER: 10435892)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





D Freeman - Director


RM7 SOLUTIONS LIMITED (REGISTERED NUMBER: 10435892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

RM7 Solutions Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

RM7 SOLUTIONS LIMITED (REGISTERED NUMBER: 10435892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 95,984
Additions 40,612
Disposals (33,626 )
At 31 October 2023 102,970
DEPRECIATION
At 1 November 2022 61,239
Charge for year 16,180
Eliminated on disposal (22,986 )
At 31 October 2023 54,433
NET BOOK VALUE
At 31 October 2023 48,537
At 31 October 2022 34,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
as restated
£    £   
Trade debtors 607,046 423,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
as restated
£    £   
Bank loans and overdrafts 24,000 24,000
Trade creditors 330,803 96,450
Taxation and social security 210,831 161,940
Other creditors 127,604 190,421
693,238 472,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
as restated
£    £   
Bank loans 40,000 64,000