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REGISTERED NUMBER: 05652513 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

R W Technical Services Limited

R W Technical Services Limited (Registered number: 05652513)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R W Technical Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Wright





SECRETARY: P Saunderson





REGISTERED OFFICE: Mill House Farm
92 New Street
Halsall
Ormskirk
Lancashire
L39 8RS





REGISTERED NUMBER: 05652513 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

R W Technical Services Limited (Registered number: 05652513)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,334 70,772

CURRENT ASSETS
Stocks 5 5,000 3,000
Debtors 6 237,489 112,764
Cash at bank and in hand 44,579 166,028
287,068 281,792
CREDITORS
Amounts falling due within one year 7 128,817 104,312
NET CURRENT ASSETS 158,251 177,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,585

248,252

CREDITORS
Amounts falling due after more than one year 8 (42,844 ) (48,428 )

PROVISIONS FOR LIABILITIES 10 (16,864 ) (12,648 )
NET ASSETS 182,877 187,176

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 182,875 187,174
SHAREHOLDERS' FUNDS 182,877 187,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

R W Technical Services Limited (Registered number: 05652513)

Balance Sheet - continued
31 December 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 3 September 2024 and were signed by:





R Wright - Director


R W Technical Services Limited (Registered number: 05652513)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

R W Technical Services Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

R W Technical Services Limited (Registered number: 05652513)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 16,297 7,622 160,788 81,636 266,343
Additions 6,057 8,643 26,000 11,029 51,729
Disposals (11,148 ) (6,129 ) - (54,178 ) (71,455 )
At 31 December 2023 11,206 10,136 186,788 38,487 246,617
DEPRECIATION
At 1 January 2023 13,736 6,843 106,120 68,872 195,571
Charge for year 1,535 1,118 25,036 10,478 38,167
Eliminated on disposal (11,148 ) (6,129 ) - (54,178 ) (71,455 )
At 31 December 2023 4,123 1,832 131,156 25,172 162,283
NET BOOK VALUE
At 31 December 2023 7,083 8,304 55,632 13,315 84,334
At 31 December 2022 2,561 779 54,668 12,764 70,772

R W Technical Services Limited (Registered number: 05652513)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 112,908
Additions 26,000
Transfer to ownership (25,767 )
At 31 December 2023 113,141
DEPRECIATION
At 1 January 2023 58,240
Charge for year 25,036
Transfer to ownership (25,767 )
At 31 December 2023 57,509
NET BOOK VALUE
At 31 December 2023 55,632
At 31 December 2022 54,668

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 5,000 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 221,940 108,484
Other debtors 15,549 4,280
237,489 112,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,000 7,000
Hire purchase contracts 13,165 9,103
Trade creditors 24,419 25,228
Taxation and social security 67,922 48,418
Other creditors 16,311 14,563
128,817 104,312

R W Technical Services Limited (Registered number: 05652513)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 10,500 17,500
Hire purchase contracts 32,344 30,928
42,844 48,428

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 45,509 40,031

The Hire purchase contracts are secured on the assets they were used to purchase with.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 16,864 12,648

Deferred
tax
£   
Balance at 1 January 2023 12,648
Provided during year 4,216
Balance at 31 December 2023 16,864

Deferred tax relates purely to the timing difference in accelerated capital allowances in excess of depreciation charged.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year there was outstanding amounts due from directors' totalling £13,784.

13. RELATED PARTY DISCLOSURES

The controlling party is R Wright.