IRIS Accounts Production v24.2.0.383 14103422 Board of Directors 12.5.22 31.12.22 31.12.22 2/9/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141034222022-05-11141034222022-12-31141034222022-05-122022-12-31141034222022-05-1114103422ns14:PoundSterling2022-05-122022-12-3114103422ns10:Director12022-05-122022-12-3114103422ns10:PrivateLimitedCompanyLtd2022-05-122022-12-3114103422ns10:SmallEntities2022-05-122022-12-3114103422ns10:Audited2022-05-122022-12-3114103422ns10:SmallCompaniesRegimeForDirectorsReport2022-05-122022-12-3114103422ns10:SmallCompaniesRegimeForAccounts2022-05-122022-12-3114103422ns10:FullAccounts2022-05-122022-12-3114103422ns10:Director22022-05-122022-12-3114103422ns10:RegisteredOffice2022-05-122022-12-3114103422ns5:CurrentFinancialInstruments2022-12-3114103422ns5:Non-currentFinancialInstruments2022-12-3114103422ns5:ShareCapital2022-12-3114103422ns5:RetainedEarningsAccumulatedLosses2022-12-3114103422ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3114103422ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-31
REGISTERED NUMBER: 14103422












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: E M Cordier
H H Krause





REGISTERED OFFICE: 300 Trinity Park Bickenhill
Birmingham
United Kingdom
B37 7ES





REGISTERED NUMBER: 14103422





AUDITORS: Magma Audit LLP
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 4 136,337
Debtors: amounts falling due after more than
one year

4

329,170
465,507
CREDITORS
Amounts falling due within one year 5 (390,541 )
NET CURRENT ASSETS 74,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,966

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 74,866
74,966

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





H H Krause - Director


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
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.

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 2 .

4. DEBTORS
£   
Amounts falling due within one year:
Trade debtors 109,713
Other debtors 26,624
136,337

Amounts falling due after more than one year:
Other debtors 329,170

Aggregate amounts 465,507

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 372,009
Taxation and social security 12,554
Other creditors 5,978
390,541

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)
for and on behalf of Magma Audit LLP

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.