2 31/03/2024 2024-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03893636 2023-01-01 2024-03-31 03893636 2024-03-31 03893636 2022-01-01 2022-12-31 03893636 2022-12-31 03893636 core:PlantMachinery 2023-01-01 2024-03-31 03893636 bus:OrdinaryShareClass1 2023-01-01 2024-03-31 03893636 bus:Director1 2023-01-01 2024-03-31 03893636 core:PlantMachinery 2024-03-31 03893636 core:WithinOneYear 2024-03-31 03893636 core:WithinOneYear 2022-12-31 03893636 core:ShareCapital 2024-03-31 03893636 core:ShareCapital 2022-12-31 03893636 core:RetainedEarningsAccumulatedLosses 2024-03-31 03893636 core:RetainedEarningsAccumulatedLosses 2022-12-31 03893636 bus:OrdinaryShareClass1 core:ShareCapital 2024-03-31 03893636 bus:OrdinaryShareClass1 core:ShareCapital 2022-12-31 03893636 bus:SmallEntities 2023-01-01 2024-03-31 03893636 bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 03893636 bus:FullAccounts 2023-01-01 2024-03-31 03893636 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 03893636 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31
REGISTRAR
Company registration number: 03893636
RSP Safety Services Limited
Unaudited filleted financial statements
31 March 2024
RSP Safety Services Limited
Contents
Statement of financial position
Notes to the financial statements
RSP Safety Services Limited
Statement of financial position
31 March 2024
31/03/24 31/12/22
Note £ £ £ £
Current assets
Debtors 6 25,777 6,504
Cash at bank and in hand 1,339 -
_______ _______
27,116 6,504
Creditors: amounts falling due
within one year 7 ( 9,624) ( 17,689)
_______ _______
Net current assets/(liabilities) 17,492 ( 11,185)
_______ _______
Total assets less current liabilities 17,492 ( 11,185)
_______ _______
Net assets/(liabilities) 17,492 ( 11,185)
_______ _______
Capital and reserves
Called up share capital 8 2 2
Profit and loss account 17,490 ( 11,187)
_______ _______
Shareholders funds/(deficit) 17,492 ( 11,185)
_______ _______
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 August 2024 , and are signed on behalf of the board by:
John Southall
Director
Company registration number: 03893636
RSP Safety Services Limited
Notes to the financial statements
Period ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office and business is 16 Sharmans Cross Road, Solihull, West Midlands, B91 1RG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 January 2023 and 31 March 2024 1,883 1,883
_______ _______
Depreciation
At 1 January 2023 and 31 March 2024 1,883 1,883
_______ _______
Carrying amount
At 31 March 2024 - -
_______ _______
At 31 December 2022 - -
_______ _______
6. Debtors
31/03/24 31/12/22
£ £
Trade debtors - 6,504
Amounts owed by group undertakings and undertakings in which the company has a participating interest 25,777 -
_______ _______
25,777 6,504
_______ _______
7. Creditors: amounts falling due within one year
31/03/24 31/12/22
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,666 7,660
Corporation tax 7,958 6,123
Social security and other taxes - 1,958
Other creditors - 1,948
_______ _______
9,624 17,689
_______ _______
8. Called up share capital
Issued, called up and fully paid
31/03/24 31/12/22
No £ No £
Ordinary Shares shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______
9. Controlling party
The ultimate controlling party is Opus Safety Limited which holds 100% of the shares.