Registered number
01527824
RS Bateman Limited
Filleted Accounts
30 June 2024
RS Bateman Limited
Registered number: 01527824
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 433,061 460,397
Current assets
Stocks 274,886 242,930
Debtors 4 170,138 185,964
Cash at bank and in hand 67,628 77,424
512,652 506,318
Creditors: amounts falling due within one year 5 (304,188) (293,652)
Net current assets 208,464 212,666
Total assets less current liabilities 641,525 673,063
Creditors: amounts falling due after more than one year 6 (21,454) (38,048)
Provisions for liabilities (14,560) (23,701)
Net assets 605,511 611,314
Capital and reserves
Called up share capital 87 87
Capital redemption reserve 13 13
Profit and loss account 605,411 611,214
Shareholders' funds 605,511 611,314
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S G Bateman
Director
Approved by the board on 30 September 2024
RS Bateman Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings 2.0% straight line
Motor vehicles 20.0% reducing balance
Plant & machinery 15.0% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences that are of a material value between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 July 2023 437,322 120,833 558,155
At 30 June 2024 437,322 120,833 558,155
Depreciation
At 1 July 2023 78,714 19,044 97,758
Charge for the year 8,746 18,590 27,336
At 30 June 2024 87,460 37,634 125,094
Net book value
At 30 June 2024 349,862 83,199 433,061
At 30 June 2023 358,608 101,789 460,397
4 Debtors 2024 2023
£ £
Trade debtors 170,138 185,464
Other debtors - 500
170,138 185,964
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 19,551 23,107
Trade creditors 193,236 149,894
Corporation tax 2,862 17,531
Other taxes and social security costs 19,202 15,193
Other creditors 69,337 87,927
304,188 293,652
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 21,454 38,048
7 Controlling party
The company is controlled by the directors.
8 Other information
RS Bateman Limited is a private company limited by shares and incorporated in England. Its registered office is:
Concorde House
34 Nesfield Street
Bradford
West Yorkshire
BD1 3ET
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