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REGISTERED NUMBER: 04172666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

RBS Accountancy Limited

RBS Accountancy Limited (Registered number: 04172666)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

RBS Accountancy Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M R Parrett FCCA





SECRETARY:





REGISTERED OFFICE: Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ





REGISTERED NUMBER: 04172666 (England and Wales)





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

RBS Accountancy Limited (Registered number: 04172666)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 73,000 109,500
Tangible assets 5 71,321 79,711
144,321 189,211

CURRENT ASSETS
Debtors 6 44,418 49,379
Cash at bank 20,104 7,712
64,522 57,091
CREDITORS
Amounts falling due within one year 7 94,325 80,421
NET CURRENT LIABILITIES (29,803 ) (23,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,518

165,881

CREDITORS
Amounts falling due after more than one
year

8

(45,213

)

(56,248

)

PROVISIONS FOR LIABILITIES - (4,760 )
NET ASSETS 69,305 104,873

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 69,105 104,673
SHAREHOLDERS' FUNDS 69,305 104,873

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RBS Accountancy Limited (Registered number: 04172666)

Balance Sheet - continued
31 December 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 director and authorised for issue on 1 February 2024 and were signed by:





M R Parrett FCCA - Director


RBS Accountancy Limited (Registered number: 04172666)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

RBS Accountancy 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.

Goodwill
Goodwill acquired in 2005 is now, from 2016, being amortised over it's expected remaining useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on cost
Computer equipment - 15% 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.

RBS Accountancy Limited (Registered number: 04172666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 350,000
AMORTISATION
At 1 January 2023 240,500
Amortisation for year 36,500
At 31 December 2023 277,000
NET BOOK VALUE
At 31 December 2023 73,000
At 31 December 2022 109,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 48,536 62,190 14,911 125,637
Additions 638 - 3,797 4,435
At 31 December 2023 49,174 62,190 18,708 130,072
DEPRECIATION
At 1 January 2023 41,788 - 4,138 45,926
Charge for year 1,108 9,532 2,185 12,825
At 31 December 2023 42,896 9,532 6,323 58,751
NET BOOK VALUE
At 31 December 2023 6,278 52,658 12,385 71,321
At 31 December 2022 6,748 62,190 10,773 79,711

RBS Accountancy Limited (Registered number: 04172666)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 1,705
Other debtors 44,418 47,674
44,418 49,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 11,035 11,035
Trade creditors 12,552 25,502
Taxation and social security 28,115 13,388
Other creditors 42,623 30,496
94,325 80,421

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 45,213 56,248

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
RBS Accountancy Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RBS Accountancy Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of RBS Accountancy Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RBS Accountancy Limited and state those matters that we have agreed to state to the director of RBS Accountancy Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that RBS Accountancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RBS Accountancy Limited. You consider that RBS Accountancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RBS Accountancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


1 February 2024