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REGISTERED NUMBER: 03680246 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2023

for

RealService Ltd

RealService Ltd (Registered number: 03680246)






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


RealService Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: H B Morgan
Mrs S G Morgan
Mrs L A Freethy





SECRETARY: Mrs S G Morgan





REGISTERED OFFICE: Cardinal Point
Park Road
Rickmansworth
WD3 1RE





REGISTERED NUMBER: 03680246 (England and Wales)





ACCOUNTANTS: Redhouse and Associates Business Services Ltd
164a Kenton Road
Kenton
Harrow
Middlesex
HA3 8BL

RealService Ltd (Registered number: 03680246)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,345 3,193

CURRENT ASSETS
Work-in-Progress 87,240 81,478
Debtors 5 28,117 119,924
Cash at bank 104,985 110,909
220,342 312,311
CREDITORS
Amounts falling due within one year 6 (189,794 ) (222,820 )
NET CURRENT ASSETS 30,548 89,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,893

92,684

CREDITORS
Amounts falling due after more than one
year

7

(25,492

)

(32,481

)
NET ASSETS 6,401 60,203

CAPITAL AND RESERVES
Called up share capital 200 106
Retained earnings 6,201 60,097
SHAREHOLDERS' FUNDS 6,401 60,203

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 directors acknowledge their 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.

RealService Ltd (Registered number: 03680246)

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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





H B Morgan - Director


RealService Ltd (Registered number: 03680246)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

RealService 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 represents income receivable for the year, excluding value added tax.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work-in-progress to their present location and condition.

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.

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 9 (2022 - 9 ) .

RealService Ltd (Registered number: 03680246)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 79,485
DEPRECIATION
At 1 January 2023 76,292
Charge for year 1,848
At 31 December 2023 78,140
NET BOOK VALUE
At 31 December 2023 1,345
At 31 December 2022 3,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,689 86,212
Other debtors 6,428 33,712
28,117 119,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,028 19,531
Taxation and social security 89,459 90,337
Other creditors 88,307 112,952
189,794 222,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,492 32,481

8. RELATED PARTY DISCLOSURES

As at 31 December 2022, RealService Limited owed Howard and Sue Morgan £1,529 (2021 - £4,768) on their directors loan account.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr H and Mrs S Morgan throughout the current and previous year.