2023-02-012024-01-312024-01-31false09944397RM Solutions (Global) Ltd2024-06-18iso4217:GBPxbrli:pure099443972023-02-01099443972024-01-31099443972023-02-012024-01-31099443972022-02-01099443972023-01-31099443972022-02-012023-01-3109944397bus:SmallEntities2023-02-012024-01-3109944397bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3109944397bus:FullAccounts2023-02-012024-01-3109944397bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109944397core:WithinOneYear2024-01-3109944397core:AfterOneYear2024-01-3109944397core:WithinOneYear2023-01-3109944397core:AfterOneYear2023-01-3109944397core:ShareCapital2024-01-3109944397core:SharePremium2024-01-3109944397core:RevaluationReserve2024-01-3109944397core:OtherReservesSubtotal2024-01-3109944397core:RetainedEarningsAccumulatedLosses2024-01-3109944397core:ShareCapital2023-01-3109944397core:SharePremium2023-01-3109944397core:RevaluationReserve2023-01-3109944397core:OtherReservesSubtotal2023-01-3109944397core:RetainedEarningsAccumulatedLosses2023-01-3109944397core:LandBuildings2024-01-3109944397core:PlantMachinery2024-01-3109944397core:Vehicles2024-01-3109944397core:FurnitureFittings2024-01-3109944397core:OfficeEquipment2024-01-3109944397core:NetGoodwill2024-01-3109944397core:IntangibleAssetsOtherThanGoodwill2024-01-3109944397core:ListedExchangeTraded2024-01-3109944397core:UnlistedNon-exchangeTraded2024-01-3109944397core:LandBuildings2023-01-3109944397core:PlantMachinery2023-01-3109944397core:Vehicles2023-01-3109944397core:FurnitureFittings2023-01-3109944397core:OfficeEquipment2023-01-3109944397core:NetGoodwill2023-01-3109944397core:IntangibleAssetsOtherThanGoodwill2023-01-3109944397core:ListedExchangeTraded2023-01-3109944397core:UnlistedNon-exchangeTraded2023-01-3109944397core:LandBuildings2023-02-012024-01-3109944397core:PlantMachinery2023-02-012024-01-3109944397core:Vehicles2023-02-012024-01-3109944397core:FurnitureFittings2023-02-012024-01-3109944397core:OfficeEquipment2023-02-012024-01-3109944397core:NetGoodwill2023-02-012024-01-3109944397core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109944397core:ListedExchangeTraded2023-02-012024-01-3109944397core:UnlistedNon-exchangeTraded2023-02-012024-01-3109944397core:MoreThanFiveYears2023-02-012024-01-3109944397core:Non-currentFinancialInstruments2024-01-3109944397core:Non-currentFinancialInstruments2023-01-3109944397dpl:CostSales2023-02-012024-01-3109944397dpl:DistributionCosts2023-02-012024-01-3109944397core:LandBuildings2023-02-012024-01-3109944397core:PlantMachinery2023-02-012024-01-3109944397core:Vehicles2023-02-012024-01-3109944397core:FurnitureFittings2023-02-012024-01-3109944397core:OfficeEquipment2023-02-012024-01-3109944397dpl:AdministrativeExpenses2023-02-012024-01-3109944397core:NetGoodwill2023-02-012024-01-3109944397core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109944397dpl:GroupUndertakings2023-02-012024-01-3109944397dpl:ParticipatingInterests2023-02-012024-01-3109944397dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3109944397core:ListedExchangeTraded2023-02-012024-01-3109944397dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3109944397core:UnlistedNon-exchangeTraded2023-02-012024-01-3109944397dpl:CostSales2022-02-012023-01-3109944397dpl:DistributionCosts2022-02-012023-01-3109944397core:LandBuildings2022-02-012023-01-3109944397core:PlantMachinery2022-02-012023-01-3109944397core:Vehicles2022-02-012023-01-3109944397core:FurnitureFittings2022-02-012023-01-3109944397core:OfficeEquipment2022-02-012023-01-3109944397dpl:AdministrativeExpenses2022-02-012023-01-3109944397core:NetGoodwill2022-02-012023-01-3109944397core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109944397dpl:GroupUndertakings2022-02-012023-01-3109944397dpl:ParticipatingInterests2022-02-012023-01-3109944397dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109944397core:ListedExchangeTraded2022-02-012023-01-3109944397dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109944397core:UnlistedNon-exchangeTraded2022-02-012023-01-3109944397core:NetGoodwill2024-01-3109944397core:IntangibleAssetsOtherThanGoodwill2024-01-3109944397core:LandBuildings2024-01-3109944397core:PlantMachinery2024-01-3109944397core:Vehicles2024-01-3109944397core:FurnitureFittings2024-01-3109944397core:OfficeEquipment2024-01-3109944397core:AfterOneYear2024-01-3109944397core:WithinOneYear2024-01-3109944397core:ListedExchangeTraded2024-01-3109944397core:UnlistedNon-exchangeTraded2024-01-3109944397core:ShareCapital2024-01-3109944397core:SharePremium2024-01-3109944397core:RevaluationReserve2024-01-3109944397core:OtherReservesSubtotal2024-01-3109944397core:RetainedEarningsAccumulatedLosses2024-01-3109944397core:NetGoodwill2023-01-3109944397core:IntangibleAssetsOtherThanGoodwill2023-01-3109944397core:LandBuildings2023-01-3109944397core:PlantMachinery2023-01-3109944397core:Vehicles2023-01-3109944397core:FurnitureFittings2023-01-3109944397core:OfficeEquipment2023-01-3109944397core:AfterOneYear2023-01-3109944397core:WithinOneYear2023-01-3109944397core:ListedExchange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RM Solutions (Global) Ltd

Registered Number
09944397
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

RM Solutions (Global) Ltd
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Mr S Roberts

Registered Address

10 Western Road
Romford
RM1 3JT

Registered Number

09944397 (England and Wales)
RM Solutions (Global) Ltd
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3599699
Tangible assets4100,15385,222
100,75285,921
Current assets
Stocks58,3908,430
Debtors6338,420409,337
Cash at bank and on hand220,963164,390
567,773582,157
Creditors amounts falling due within one year7(55,658)(85,031)
Net current assets (liabilities)512,115497,126
Total assets less current liabilities612,867583,047
Creditors amounts falling due after one year8-(41,000)
Provisions for liabilities9(24,400)(15,601)
Net assets588,467526,446
Capital and reserves
Called up share capital100100
Profit and loss account588,367526,346
Shareholders' funds588,467526,446
The financial statements were approved and authorised for issue by the Director on 18 June 2024, and are signed on its behalf by:
Mr S Roberts
Director
Registered Company No. 09944397
RM Solutions (Global) Ltd
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Other intangibles - 10 years straight line method
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles20
Finance leases and hire purchase contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 February 23999999
At 31 January 24999999
Amortisation and impairment
At 01 February 23300300
Charge for year100100
At 31 January 24400400
Net book value
At 31 January 24599599
At 31 January 23699699
4.Tangible fixed assets

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
At 01 February 2364,73081,320146,050
Additions31,9358,03639,971
At 31 January 2496,66589,356186,021
Depreciation and impairment
At 01 February 2312,94647,88260,828
Charge for year8,29516,74525,040
At 31 January 2421,24164,62785,868
Net book value
At 31 January 2475,42424,729100,153
At 31 January 2351,78433,43885,222
5.Stocks

2024

2023

££
Other stocks8,3908,430
Total8,3908,430
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables246,31593,819
Other debtors54,298298,088
Prepayments and accrued income37,80717,430
Total338,420409,337
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9299,112
Bank borrowings and overdrafts-20,000
Taxation and social security51,14346,157
Other creditors1,1617,580
Accrued liabilities and deferred income2,4252,182
Total55,65885,031
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-41,000
Total-41,000
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)24,40015,601
Total24,40015,601
10.Directors advances, credits and guarantees
At the year end the company owed the director £1,133 (2023 - the director owed the company £7,659) by way of their directors current account.