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Registered number: 08248603
Rs Electrical Services (2007) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Jeffrey Rose Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08248603
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,653 14,022
10,653 14,022
CURRENT ASSETS
Debtors 5 3,097 1,404
3,097 1,404
Creditors: Amounts Falling Due Within One Year 6 (9,734 ) (5,727 )
NET CURRENT ASSETS (LIABILITIES) (6,637 ) (4,323 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,016 9,699
Creditors: Amounts Falling Due After More Than One Year 7 (27,885 ) (15,749 )
NET LIABILITIES (23,869 ) (6,050 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (23,969 ) (6,150 )
SHAREHOLDERS' FUNDS (23,869) (6,050)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ross Stoneman
Director
12/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rs Electrical Services (2007) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08248603 . The registered office is 5 Eakring Road, Bilsthorpe, Newark, Notts, NG22 8PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 50
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 680 22,500 1,211 24,391
As at 30 November 2023 680 22,500 1,211 24,391
Depreciation
As at 1 December 2022 189 9,844 336 10,369
Provided during the period 74 3,164 131 3,369
As at 30 November 2023 263 13,008 467 13,738
Net Book Value
As at 30 November 2023 417 9,492 744 10,653
As at 1 December 2022 491 12,656 875 14,022
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,097 680
Due after more than one year
Directors loan account - 724
3,097 1,404
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,074 1,322
Bank loans and overdrafts 4,769 2,931
Corporation tax 966 966
VAT 620 508
Other creditors 305 -
9,734 5,727
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 5,290 7,249
LOAN FROM MARK 10,000 -
Private Loan 2,000 2,000
LOAN FROM S HALLAM 9,500 6,500
Directors loan account 1,095 -
27,885 15,749
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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