Company registration number 07112807 (England and Wales)
RBCONSULT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
RBCONSULT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
RBCONSULT LIMITED (REGISTERED NUMBER: 07112807)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,078
4,905
Tangible assets
4
2,677
645
Investments
5
526,709
486,693
531,464
492,243
Current assets
Debtors
6
347,015
179,550
Cash at bank and in hand
596,886
329,974
943,901
509,524
Creditors: amounts falling due within one year
7
(241,886)
(118,543)
Net current assets
702,015
390,981
Total assets less current liabilities
1,233,479
883,224
Provisions for liabilities
(7,347)
(158)
Net assets
1,226,132
883,066
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
8
20,032
-
0
Distributable profit and loss reserves
1,206,000
882,966
Total equity
1,226,132
883,066

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RBCONSULT LIMITED (REGISTERED NUMBER: 07112807)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 October 2024 and are signed on its behalf by:
Dr R Bain
Director
RBCONSULT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

RBconsult Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of consideration received or receivable for goods & services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

 

Sale of goods:

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- the amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.

 

Rendering of services:

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

 

- The amount of turnover can be measured reliably                    

- It is probable that the company will receive the consideration due under the contract        

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and    

- the costs incurred and the costs to complete the contract can be measured reliably        

 

 

RBCONSULT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 15 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
50% on cost
Computer equipment
50% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Fixed asset investments are initially measured at transaction price and are subsequently measured at fair value at each reporting date.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
RBCONSULT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
42,442
Amortisation and impairment
At 1 April 2023
37,537
Amortisation charged for the year
2,827
At 31 March 2024
40,364
Carrying amount
At 31 March 2024
2,078
At 31 March 2023
4,905
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2023
9,033
1,848
10,881
Additions
-
0
5,354
5,354
At 31 March 2024
9,033
7,202
16,235
Depreciation and impairment
At 1 April 2023
9,033
1,203
10,236
Depreciation charged in the year
-
0
3,322
3,322
At 31 March 2024
9,033
4,525
13,558
Carrying amount
At 31 March 2024
-
0
2,677
2,677
At 31 March 2023
-
0
645
645
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
526,709
486,693
RBCONSULT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2023
486,693
Valuation changes
40,016
At 31 March 2024
526,709
Carrying amount
At 31 March 2024
526,709
At 31 March 2023
486,693
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
347,015
179,550
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
113,114
72,492
Taxation and social security
124,773
35,053
Other creditors
3,999
10,998
241,886
118,543
8
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
-
7,383
Non distributable profits in the year
20,032
(7,383)
At the end of the year
20,032
-
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