Company registration number: 12307903
Unaudited financial statements
for the year ended 30 November 2023
for
R&S Proheat Ltd
Pages for filing with the Registrar
Company registration number: 12307903
R&S Proheat Ltd
Balance sheet
as at 30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 42,481 6,293
42,481 6,293
Current assets
Debtors 35,066 22,775
Cash at bank and in hand 80,249 130,180
115,315 152,955
Creditors: amounts falling due within
one year
(94,211) (103,039)
Net current assets 21,104 49,916
Total assets less current liabilities 63,585 56,209
Creditors: Amounts falling due after
more than one year
- (584)
NET ASSETS 63,585 55,625
Capital and reserves
Called up share capital 140 140
Profit and loss account 63,445 55,485
TOTAL EQUITY 63,585 55,625
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12307903
R&S Proheat Ltd
Balance sheet - continued
as at 30 November 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 11 July 2024 and signed on its behalf by:
Mr S Timms, Director Mr R Donlon, Director
11 July 2024 11 July 2024
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R&S Proheat Ltd
Notes to the financial statements
for the year ended 30 November 2023
1 Company information
The company is registered in England and Wales. Its registered number is 12307903. The company is limited by shares. Its registered office is 20 Queensway, Leamington Spa, CV31 3JY.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Motor vehicles - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 5 (2022 - 5).
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R&S Proheat Ltd
Notes to the financial statements - continued
for the year ended 30 November 2023
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 December 2022 14,917
Additions 50,349
At 30 November 2023 65,266
Depreciation
At 1 December 2022 8,624
Charge for year 14,161
At 30 November 2023 22,785
Net book value
At 30 November 2023 42,481
At 30 November 2022 6,293
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