Registered number
SC519861
R S CLIMATE CONTROL LIMITED
Filleted Accounts
28 February 2024
R S CLIMATE CONTROL LIMITED
Registered number: SC519861
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,284 19,800
19,284 19,800
Current assets
Stocks 25,000 30,000
Cash at bank and in hand 96,655 56,032
121,655 86,032
Creditors: amounts falling due within one year 4 (96,252) (96,605)
Net current assets/(liabilities) 25,403 (10,573)
Total assets less current liabilities 44,687 9,227
Provisions for liabilities - -
Net assets 44,687 9,227
Capital and reserves
Called up share capital 1 1
Share premium - -
Profit and loss account 44,686 9,226
Shareholder's funds 44,687 9,227
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Tomy Joseph
Director
Approved by the board on 2 October 2024
R S CLIMATE CONTROL LIMITED
Notes to the Accounts
for the year ended 28 February 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 (as applied to small entities by section 1A of the standard).
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.
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 at 10% 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.
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.
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 2 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2023 7,000 15,000 22,000
Additions 1,627 - 1,627
Surplus on revaluation - - -
Disposals - - -
At 28 February 2024 8,627 15,000 23,627
Depreciation
At 1 March 2023 700 1,500 2,200
Charge for the year 793 1,350 2,143
Surplus on revaluation - - -
On disposals - - -
At 28 February 2024 1,493 2,850 4,343
Net book value
At 28 February 2024 7,134 12,150 19,284
At 28 February 2023 6,300 13,500 19,800
4 Creditors: amounts falling due within one year 2024 2023
£ £
Loans 27,950 27,950
Trade creditors 10,153 10,320
Accruals 1,250 9,800
Taxation and social security costs 17,786 6,536
Other creditors 39,113 41,999
96,252 96,605
5 Other information
R S CLIMATE CONTROL LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
57 Avenue End Drive
Glasgow
G33 3UH
R S CLIMATE CONTROL LIMITED SC519861 false 2023-03-01 2024-02-28 2024-02-28 VT Final Accounts April 2024 Tomy Joseph No description of principal activity SC519861 2022-03-01 2023-02-28 SC519861 core:WithinOneYear 2023-02-28 SC519861 core:ShareCapital 2023-02-28 SC519861 core:SharePremium 2023-02-28 SC519861 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC519861 2023-03-01 2024-02-28 SC519861 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC519861 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 SC519861 bus:Director40 2023-03-01 2024-02-28 SC519861 2 2023-03-01 2024-02-28 SC519861 core:PlantMachinery 2023-03-01 2024-02-28 SC519861 core:Vehicles 2023-03-01 2024-02-28 SC519861 countries:England 2023-03-01 2024-02-28 SC519861 bus:FRS102 2023-03-01 2024-02-28 SC519861 bus:FilletedAccounts 2023-03-01 2024-02-28 SC519861 2024-02-28 SC519861 core:WithinOneYear 2024-02-28 SC519861 core:ShareCapital 2024-02-28 SC519861 core:SharePremium 2024-02-28 SC519861 core:RetainedEarningsAccumulatedLosses 2024-02-28 SC519861 core:PlantMachinery 2024-02-28 SC519861 core:Vehicles 2024-02-28 SC519861 2023-02-28 SC519861 core:PlantMachinery 2023-02-28 SC519861 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure