RS GLOBAL INVESTMENT LTD

Company Registration Number:
08334175 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

RS GLOBAL INVESTMENT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

RS GLOBAL INVESTMENT LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,242 1,970
Total fixed assets: 1,242 1,970
Current assets
Stocks: 366,345 1,060,056
Debtors:   1,047,400 426,605
Cash at bank and in hand: 0 58,786
Total current assets: 1,413,745 1,545,447
Creditors: amounts falling due within one year:   (673,656) (740,354)
Net current assets (liabilities): 740,089 805,093
Total assets less current liabilities: 741,331 807,063
Creditors: amounts falling due after more than one year:   (161,167) (237,167)
Total net assets (liabilities): 580,164 569,896
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 580,160 569,892
Shareholders funds: 580,164 569,896

The notes form part of these financial statements

RS GLOBAL INVESTMENT LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Guan Seong Low
Status: Director

The notes form part of these financial statements

RS GLOBAL INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Motor Vehicles 5% Straight Line Computer Equipment 10% Straight Line

RS GLOBAL INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 4 3

RS GLOBAL INVESTMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 13,482
At 31 December 2023 13,482
Depreciation
At 01 January 2023 11,512
Charge for year 728
At 31 December 2023 12,240
Net book value
At 31 December 2023 1,242
At 31 December 2022 1,970