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Company Registration No. 9287935 (England and Wales)
RS Brothers Ltd Unaudited accounts for the year ended 30 November 2023
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of RS Brothers Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RS Brothers Ltd for the year ended 30 November 2023 as set out on pages 3 - 5 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of RS Brothers Ltd, as a body, in accordance with the terms of our engagement letter dated 28 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of RS Brothers Ltd and state those matters that we have agreed to state to the Board of Directors of RS Brothers Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RS Brothers Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RS Brothers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RS Brothers Ltd. You consider that RS Brothers Ltd 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 accounts of RS Brothers Ltd. 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 accounts.
Lewis Associates Chartered Certified Accountants 75 Coniston Gardens London NW9 0BA 20 August 2024
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RS Brothers Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
713,744 
721,762 
Current assets
Debtors
102,529 
126,472 
Cash at bank and in hand
96 
1,178 
102,625 
127,650 
Creditors: amounts falling due within one year
(327,794)
(410,059)
Net current liabilities
(225,169)
(282,409)
Net assets
488,575 
439,353 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
488,455 
439,233 
Shareholders' funds
488,575 
439,353 
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
R H Ishaaboad Director Company Registration No. 9287935
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RS Brothers Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
RS Brothers Ltd is a private company, limited by shares, registered in England and Wales, registration number 9287935. The registered office is 75 Coniston Gardens, London, NW9 0BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on building straight line
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 December 2022
801,888 
At 30 November 2023
801,888 
Depreciation
At 1 December 2022
80,126 
Charge for the year
8,018 
At 30 November 2023
88,144 
Net book value
At 30 November 2023
713,744 
At 30 November 2022
721,762 
- 4 -
RS Brothers Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
102,529 
126,472 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
141,149 
109,130 
Other creditors
13,600 
12,580 
Loans from directors
173,045 
288,349 
327,794 
410,059 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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