REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12 MAY 2022 TO 31 DECEMBER 2022 |
FOR |
RGIS FRANCHISE SERVICES LIMITED |
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12 MAY 2022 TO 31 DECEMBER 2022 |
FOR |
RGIS FRANCHISE SERVICES LIMITED |
RGIS FRANCHISE SERVICES LIMITED (REGISTERED NUMBER: 14103422) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 12 May 2022 to 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
RGIS FRANCHISE SERVICES LIMITED |
COMPANY INFORMATION |
for the period 12 May 2022 to 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Magma House |
16 Davy Court |
Castle Mound Way |
Rugby |
CV23 0UZ |
RGIS FRANCHISE SERVICES LIMITED (REGISTERED NUMBER: 14103422) |
BALANCE SHEET |
31 December 2022 |
Notes | £ |
CURRENT ASSETS |
Debtors: amounts falling due within one year | 4 |
Debtors: amounts falling due after more than one year |
4 |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
RGIS FRANCHISE SERVICES LIMITED (REGISTERED NUMBER: 14103422) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 12 May 2022 to 31 December 2022 |
1. | STATUTORY INFORMATION |
RGIS Franchise Services Limited is a limited company, registered in England and Wales. Its registered office address is 300 Trinity Park, Bickenhill, Birmingham, United Kingdom, B37 7ES and the registered number is 14103422. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company's presentational currency is Sterling (£). |
Consolidated accounts for the group are prepared by the parent company RGIS Inventory Specialists Limited. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest rate method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Taxation |
The tax expense for the year comprises current and deferred tax. |
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. |
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
RGIS FRANCHISE SERVICES LIMITED (REGISTERED NUMBER: 14103422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 12 May 2022 to 31 December 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS |
£ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is RGIS Inventory Specialists Limited, a company registered in the United Kingdom, this is the smallest group of undertakings of which the company is included within the consolidated accounts. |
The ultimate parent company and controlling party is RGIS Holdings LLC by virtue of its shareholding in the immediate parent company. RGIS Holdings LLC is a company incorporated in the United States of America, which is the parent of the largest group of which the company is included within the consolidated accounts. |