IRIS Accounts Production v24.2.0.383 07368163 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073681632022-11-30073681632023-11-30073681632022-12-012023-11-30073681632021-11-30073681632021-12-012022-11-30073681632022-11-3007368163ns15:EnglandWales2022-12-012023-11-3007368163ns14:PoundSterling2022-12-012023-11-3007368163ns10:Director12022-12-012023-11-3007368163ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007368163ns10:SmallEntities2022-12-012023-11-3007368163ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007368163ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007368163ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007368163ns10:FullAccounts2022-12-012023-11-300736816312022-12-012023-11-3007368163ns10:RegisteredOffice2022-12-012023-11-3007368163ns5:CurrentFinancialInstruments2023-11-3007368163ns5:CurrentFinancialInstruments2022-11-3007368163ns5:Non-currentFinancialInstruments2023-11-3007368163ns5:Non-currentFinancialInstruments2022-11-3007368163ns5:ShareCapital2023-11-3007368163ns5:ShareCapital2022-11-3007368163ns5:RetainedEarningsAccumulatedLosses2023-11-3007368163ns5:RetainedEarningsAccumulatedLosses2022-11-3007368163ns5:NetGoodwill2022-12-012023-11-3007368163ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3007368163ns5:PlantMachinery2022-12-012023-11-3007368163ns5:FurnitureFittings2022-12-012023-11-3007368163ns5:ComputerEquipment2022-12-012023-11-3007368163ns5:NetGoodwill2022-11-3007368163ns5:NetGoodwill2023-11-3007368163ns5:NetGoodwill2022-11-3007368163ns5:LandBuildings2022-11-3007368163ns5:PlantMachinery2022-11-3007368163ns5:FurnitureFittings2022-11-3007368163ns5:ComputerEquipment2022-11-3007368163ns5:LandBuildings2022-12-012023-11-3007368163ns5:LandBuildings2023-11-3007368163ns5:PlantMachinery2023-11-3007368163ns5:FurnitureFittings2023-11-3007368163ns5:ComputerEquipment2023-11-3007368163ns5:LandBuildings2022-11-3007368163ns5:PlantMachinery2022-11-3007368163ns5:FurnitureFittings2022-11-3007368163ns5:ComputerEquipment2022-11-3007368163ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3007368163ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3007368163ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-3007368163ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-11-3007368163ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3007368163ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-30
REGISTERED NUMBER: 07368163 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RRM LOCUM LTD

RRM LOCUM LTD (REGISTERED NUMBER: 07368163)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RRM LOCUM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr Bhupinder Malhi





REGISTERED OFFICE: 7 Lower White Road
Quinton
West Midlands
B32 2RT





REGISTERED NUMBER: 07368163 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

RRM LOCUM LTD (REGISTERED NUMBER: 07368163)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 369,609 362,537
369,609 362,537

CURRENT ASSETS
Stocks 95,500 85,150
Debtors 6 1,735,330 1,436,683
Cash at bank and in hand 155,770 137,785
1,986,600 1,659,618
CREDITORS
Amounts falling due within one year 7 502,422 487,075
NET CURRENT ASSETS 1,484,178 1,172,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,853,787

1,535,080

CREDITORS
Amounts falling due after more than one
year

8

784,144

685,582
NET ASSETS 1,069,643 849,498

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,069,543 849,398
SHAREHOLDERS' FUNDS 1,069,643 849,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

RRM LOCUM LTD (REGISTERED NUMBER: 07368163)

BALANCE SHEET - continued
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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





Mr Bhupinder Malhi - Director


RRM LOCUM LTD (REGISTERED NUMBER: 07368163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

RRM Locum Ltd 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, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

RRM LOCUM LTD (REGISTERED NUMBER: 07368163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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 16 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 250,000
AMORTISATION
At 1 December 2022
and 30 November 2023 250,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 317,858 76,541 15,093 3,718 413,210
Additions - 2,199 10,072 2,396 14,667
At 30 November 2023 317,858 78,740 25,165 6,114 427,877
DEPRECIATION
At 1 December 2022 - 39,138 10,282 1,253 50,673
Charge for year - 5,877 1,073 645 7,595
At 30 November 2023 - 45,015 11,355 1,898 58,268
NET BOOK VALUE
At 30 November 2023 317,858 33,725 13,810 4,216 369,609
At 30 November 2022 317,858 37,403 4,811 2,465 362,537

RRM LOCUM LTD (REGISTERED NUMBER: 07368163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 414,967 343,789
VAT 52,809 46,340
467,776 390,129

Amounts falling due after more than one year:
Other debtors 1,267,554 1,046,554

Aggregate amounts 1,735,330 1,436,683

The loan of £1,267,554 (2022 : £1,046,554) given to related parties is included in other debtors. The loans are interest free.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,119 9,870
Trade creditors 267,129 212,733
Tax 87,538 58,922
Social security and other taxes 2,837 3,287
Wages & Pension Account 19,516 11,349
Other creditors 765 225
Directors' current accounts 111,318 182,847
Accrued expenses 3,200 7,842
502,422 487,075

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 10,375 10,119
Bank loan 773,769 675,463
784,144 685,582

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Bhupinder Malhi.

RRM LOCUM LTD (REGISTERED NUMBER: 07368163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


10. RELATED PARTY

Included in the debtors are loans to the following related parties:

RRM Car Sales Ltd
RRM Care Limited
RRM Estates Limited
Homehelp ( Solihull ) Limited