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Registration number: 08112409

RPA Systems Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

RPA Systems Limited

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 11

 

RPA Systems Limited

Company Information

Director

Ms D M Stallaerts

Registered office

3 Shipston Business Village
Tilemans Lane Industrial Estate
Shipston on Stour
Warwickshire
CV36 4FF

Accountants

Stratford Accounting Limited
57A Henley Street
Stratford upon Avon
Warwickshire
CV37 6PT

 

RPA Systems Limited

Director's Report for the Year Ended 31 January 2024

The director presents her report and the abridged financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Ms D M Stallaerts

Principal activity

The principal activity of the company is manufacturing of fire arms equipment.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 August 2024
 

.........................................
Ms D M Stallaerts
Director

 

RPA Systems Limited

(Registration number: 08112409)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,252,188

1,276,281

Investments

5

102

102

 

1,252,290

1,276,383

Current assets

 

Stocks

6

-

127,056

Debtors

69,536

14,555

Cash at bank and in hand

 

10,702

7,263

 

80,238

148,874

Prepayments and accrued income

 

185,179

1,218

Creditors: Amounts falling due within one year

(1,936,924)

(1,843,357)

Net current liabilities

 

(1,671,507)

(1,693,265)

Total assets less current liabilities

 

(419,217)

(416,882)

Creditors: Amounts falling due after more than one year

(95,078)

(146,493)

Accruals and deferred income

 

(392)

-

Net liabilities

 

(514,687)

(563,375)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(514,787)

(563,475)

Shareholders' deficit

 

(514,687)

(563,375)

For the financial year ending 31 January 2024 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

RPA Systems Limited

(Registration number: 08112409)
Abridged Balance Sheet as at 31 January 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 August 2024
 

.........................................
Ms D M Stallaerts
Director

 

RPA Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Shipston Business Village
Tilemans Lane Industrial Estate
Shipston on Stour
Warwickshire
CV36 4FF

These financial statements were authorised for issue by the director on 5 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.

The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.

 

RPA Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Building

Nil

Plant and machinery

10% reducing balance

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Motor vehicle

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

RPA Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

RPA Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

RPA Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

1,249,122

14,793

32,509

8,476

14,828

1,319,728

Disposals

-

-

(32,509)

(7,000)

(14,828)

(54,337)

At 31 January 2024

1,249,122

14,793

-

1,476

-

1,265,391

Depreciation

At 1 February 2023

-

11,293

13,070

7,359

11,725

43,447

Charge for the year

-

875

-

147

-

1,022

Eliminated on disposal

-

-

(13,070)

(6,471)

(11,725)

(31,266)

At 31 January 2024

-

12,168

-

1,035

-

13,203

Carrying amount

At 31 January 2024

1,249,122

2,625

-

441

-

1,252,188

At 31 January 2023

1,249,122

3,500

19,439

1,117

3,103

1,276,281

Included within the net book value of land and buildings above is £1,249,122 (2023 - £1,249,122) in respect of freehold land and buildings.
 

 

RPA Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

5

Investments

Total
£

Cost or valuation

At 1 February 2023

102

Provision

Carrying amount

At 31 January 2024

102

At 31 January 2023

102

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

RPA International Limited

3 Shipston Business Village
Tilemans Lane Industrial Estate
Shipston on Stour
Warwickshire
CV36 4FF
United Kingdom

England and Wales

Ordinary £1

100%

100%

Toughtac Limited

3 Shipston Business Village
Tilemans Lane Industrial Estate
Shipston on Stour
Warwickshire
CV36 4FF
United Kingdom

England and Wales

Ordinary £1

100%

100%

 

RPA Systems Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Subsidiary undertakings

RPA International Limited

The principal activity of RPA International Limited is engineering services.

Toughtac Limited

The principal activity of Toughtac Limited is manufacturing of workwear, wholesales of other machinery and equipment.

6

Stocks

2024
£

2023
£

Work in progress

-

127,056

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100