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Registered number: 07831397
RPM (Malvern) Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Dodgson Matty Partnership
22 The Tything
Worcester
WR1 1HD
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07831397
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 363,167 332,513
363,167 332,513
CURRENT ASSETS
Debtors 239,330 228,862
Cash at bank and in hand 374,964 468,168
614,294 697,030
Creditors: Amounts Falling Due Within One Year (163,479 ) (178,480 )
NET CURRENT ASSETS (LIABILITIES) 450,815 518,550
TOTAL ASSETS LESS CURRENT LIABILITIES 813,982 851,063
Creditors: Amounts Falling Due After More Than One Year (145,558 ) (155,384 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,150 ) (1,050 )
NET ASSETS 666,274 694,629
CAPITAL AND RESERVES
Called up share capital 6 103 103
Profit and Loss Account 666,171 694,526
SHAREHOLDERS' FUNDS 666,274 694,629
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
M P Jeffreys
Director
10 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
RPM (Malvern) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07831397 . The registered office is Unit 26 Link Business Centre, Link Way, Malvern Link, Worcestershire, WR14 1UQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill has been amortised to profit and loss account over its estimated useful economic life.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets have been amortised to profit and loss account over their estimated economic life.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 20% on cost and 2% on cost
Plant & Machinery 33% on cost and 25% on reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% on cost
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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3. Average Number of Employees
Average number of employees, during the year was: 11 (2023: 9)
11 9
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 38,100
As at 31 March 2024 38,100
Amortisation
As at 1 April 2023 38,100
As at 31 March 2024 38,100
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 490,716
Additions 56,461
As at 31 March 2024 547,177
Depreciation
As at 1 April 2023 158,203
Provided during the period 25,807
As at 31 March 2024 184,010
Net Book Value
As at 31 March 2024 363,167
As at 1 April 2023 332,513
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
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7. Related Party Transactions
Intercompany Debtor - Jeffreys Holdings Limited
Jeffreys Holdings Limited is a company under common control.
At the balance sheet date Jeffreys Holdings Limited owed £150,000 (2023 : £150,000) to RPM (Malvern) Limited.
This loan carries no right to interest and is repayable on demand.
Intercompany Debtor - St Johns Garage Limited
St Johns Garage Limited is a company indirectly under common control.
At the balance sheet date St Johns Garage Limited owed £60,763 (2023 : £42,063) to RPM (Malvern) Limited.
This loan carries no right to interest and is repayable on demand.
8. Ultimate Controlling Party
The company is controlled by Jeffreys Holdings Limited.
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