2 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09408383 2023-02-01 2024-01-31 09408383 2024-01-31 09408383 2023-01-31 09408383 2022-02-01 2023-01-31 09408383 2023-01-31 09408383 2022-01-31 09408383 core:PlantMachinery 2023-02-01 2024-01-31 09408383 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 09408383 core:MotorVehicles 2023-02-01 2024-01-31 09408383 bus:Director1 2023-02-01 2024-01-31 09408383 core:PlantMachinery 2023-01-31 09408383 core:FurnitureFittingsToolsEquipment 2023-01-31 09408383 core:MotorVehicles 2023-01-31 09408383 core:PlantMachinery 2024-01-31 09408383 core:FurnitureFittingsToolsEquipment 2024-01-31 09408383 core:MotorVehicles 2024-01-31 09408383 core:WithinOneYear 2024-01-31 09408383 core:WithinOneYear 2023-01-31 09408383 core:AfterOneYear 2024-01-31 09408383 core:AfterOneYear 2023-01-31 09408383 core:ShareCapital 2024-01-31 09408383 core:ShareCapital 2023-01-31 09408383 core:RetainedEarningsAccumulatedLosses 2024-01-31 09408383 core:RetainedEarningsAccumulatedLosses 2023-01-31 09408383 core:DeferredTaxation 2023-02-01 2024-01-31 09408383 core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09408383 core:AcceleratedTaxDepreciationDeferredTax 2023-01-31 09408383 core:PlantMachinery 2023-01-31 09408383 core:MotorVehicles 2023-01-31 09408383 core:DeferredTaxation 2023-01-31 09408383 core:DeferredTaxation 2024-01-31 09408383 bus:Director1 2023-01-31 09408383 bus:Director1 2024-01-31 09408383 bus:Director1 2022-01-31 09408383 bus:Director1 2023-01-31 09408383 bus:Director1 2022-02-01 2023-01-31 09408383 bus:SmallEntities 2023-02-01 2024-01-31 09408383 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09408383 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09408383 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09408383 bus:FullAccounts 2023-02-01 2024-01-31
Company registration number: 09408383
RBM GAS SERVICES LIMITED
Unaudited filleted financial statements
31 January 2024
RBM GAS SERVICES LIMITED
Contents
Statement of financial position
Notes to the financial statements
RBM GAS SERVICES LIMITED
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 11,239 13,805
_______ _______
11,239 13,805
Current assets
Stocks 30,000 20,270
Debtors 6 4,232 6,131
Cash at bank and in hand 4,200 11,023
_______ _______
38,432 37,424
Creditors: amounts falling due
within one year 7 ( 39,870) ( 36,458)
_______ _______
Net current (liabilities)/assets ( 1,438) 966
_______ _______
Total assets less current liabilities 9,801 14,771
Creditors: amounts falling due
after more than one year 8 ( 6,258) ( 10,718)
Provisions for liabilities 9 ( 3,415) ( 3,903)
_______ _______
Net assets 128 150
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 127 149
_______ _______
Shareholder funds 128 150
_______ _______
For the 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 August 2024 , and are signed on behalf of the board by:
Mr Ryan Arbuckle
Director
Company registration number: 09408383
RBM GAS SERVICES LIMITED
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is RBM Gas Services Limited, 789 New Hey Road, Outlane, Huddersfield, West Yorkshire, HD3 3YP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Office equipment - 33 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 3,894 167 21,400 25,461
Additions 605 291 - 896
_______ _______ _______ _______
At 31 January 2024 4,499 458 21,400 26,357
_______ _______ _______ _______
Depreciation
At 1 February 2023 2,126 167 9,363 11,656
Charge for the year 356 97 3,009 3,462
_______ _______ _______ _______
At 31 January 2024 2,482 264 12,372 15,118
_______ _______ _______ _______
Carrying amount
At 31 January 2024 2,017 194 9,028 11,239
_______ _______ _______ _______
At 31 January 2023 1,768 - 12,037 13,805
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 409 3,487
Other debtors 3,823 2,644
_______ _______
4,232 6,131
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 23,209 16,521
Trade creditors 8,544 10,217
Corporation tax 4,751 6,046
Social security and other taxes 2,588 2,437
Other creditors 778 1,237
_______ _______
39,870 36,458
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 6,258 10,718
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1 February 2023 3,903 3,903
Charges against provisions ( 488) ( 488)
_______ _______
At 31 January 2024 3,415 3,415
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in provisions (note 9) 3,415 3,903
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 3,415 3,903
_______ _______
11. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Ryan Arbuckle ( 494) 3,760 494 3,760
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Ryan Arbuckle 7,267 ( 494) ( 7,267) ( 494)
_______ _______ _______ _______
Credit balances on directors accounts are provided to the company unsecured, interest free and are repayable on demand. Advances made by the company to its directors which do not exceed £10,000 throughout the loan period are provided interest free. Advances made by the company to its directors in excess of £10,000 are subject to interest at rates equivalent to the official HM Revenue and Customs rate of interest applicable to beneficial loans. Advances made are unsecured and repayable on demand.