2023-08-01 07701287 2024-07-31 07701287 2023-08-01 2024-07-31 07701287 2023-07-31 07701287 2022-08-01 2023-07-31 07701287 uk-core:WithinOneYear 2023-07-31 07701287 uk-core:WithinOneYear 2024-07-31 07701287 uk-core:AfterOneYear 2023-07-31 07701287 uk-core:AfterOneYear 2024-07-31 07701287 uk-core:ShareCapital 2024-07-31 07701287 uk-core:ShareCapital 2023-07-31 07701287 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 07701287 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 07701287 uk-bus:Director1 2023-08-01 2024-07-31 07701287 uk-core:FurnitureFittings 2023-08-01 2024-07-31 07701287 uk-core:AfterOneYear uk-core:Secured 2024-07-31 07701287 uk-core:AfterOneYear uk-core:Secured 2023-07-31 iso4217:GBP xbrli:pure 07701287 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07701287 uk-bus:FRS102 2023-08-01 2024-07-31 07701287 uk-bus:FullAccounts 2023-08-01 2024-07-31 07701287 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
RM & Co Accountancy Ltd
Registered Number:07701287
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
RM & Co Accountancy Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07701287
As at 31 July 2024
RM & Co Accountancy Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Trade and other receivables
34
-
51,743
Cash and cash equivalents
49,739
49,739
51,777
Trade and other payables: amounts falling due within one year
(18,800)
(21,584)
3
32,977
28,155
Net current assets
Total assets less current liabilities
28,155
32,977
Trade and other payables: amounts falling due after more than one
year
(32,155)
(27,921)
4
234
Net assets
822
Capital and reserves
Called up share capital
1
1
Retained earnings
233
821
234
822
Shareholders' funds
For the year ended 31 July 2024 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Reza Mousavi Director
These financial statements were approved and authorised for issue by the Board on 01 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2024
RM & Co Accountancy Ltd
Notes to the Financial Statements
Statutory Information
RM & Co Accountancy Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07701287.
Registered address:
13 Mary Street
Sunderland
Tyne & Wear
SR1 3NH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 July 2024
RM & Co Accountancy Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or valuation
At 01 August 2023
2,670
At 31 July 2024
2,670
Provision for depreciation and impairment
At 01 August 2023
2,670
At 31 July 2024
2,670
At 31 July 2024
Net book value
-
At 31 July 2023
-
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for
impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual
value, over their expected useful lives on the following basis:
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
20,764
18,447
Other creditors
820
353
21,584
18,800
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
27,921
32,155
5. Reserves
loss
6. Average number of persons employed
During the year the average number of employees was 9 (2023 : 11)
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