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REGISTERED NUMBER: SC399694 (Scotland)











































R S Publications Limited

Unaudited Financial Statements

for the Year Ended 29th February 2024






R S Publications Limited (Registered number: SC399694)






Contents of the Financial Statements
for the year ended 29th February 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


R S Publications Limited

Company Information
for the year ended 29th February 2024







Director: R Sked





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: 15 Fawnburn Crescent
Cardrona Village
Peebles
Peeblesshire
EH45 9LG





Registered number: SC399694 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

R S Publications Limited (Registered number: SC399694)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 5,400 -
Tangible assets 5 424 622
5,824 622

Current assets
Debtors 6 35,763 17,802
Cash at bank 26,434 -
62,197 17,802
Creditors
Amounts falling due within one year 7 34,470 24,317
Net current assets/(liabilities) 27,727 (6,515 )
Total assets less current liabilities 33,551 (5,893 )

Creditors
Amounts falling due after more than one
year

8

6,023

7,149
Net assets/(liabilities) 27,528 (13,042 )

Capital and reserves
Called up share capital 1 1
Retained earnings 27,527 (13,043 )
Shareholders' funds 27,528 (13,042 )

R S Publications Limited (Registered number: SC399694)

Balance Sheet - continued
29th February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th September 2024 and were signed by:





R Sked - Director


R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements
for the year ended 29th February 2024

1. Statutory information

R S Publications Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of advertising space invoiced during the year.

Turnover arising from the provision of advertising space is recognised as the right to consideration is earned.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures, fittings and equipment - 25% Reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - bank loan, trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

The bank loan is initially measured at the present value of future payments, discounted at the market rate of interest, and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 17 (2023 - 12 ) .

R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st March 2023 10,000
Additions 6,000
At 29th February 2024 16,000
Amortisation
At 1st March 2023 10,000
Amortisation for year 600
At 29th February 2024 10,600
Net book value
At 29th February 2024 5,400
At 28th February 2023 -

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st March 2023
and 29th February 2024 2,752
Depreciation
At 1st March 2023 2,130
Charge for year 198
At 29th February 2024 2,328
Net book value
At 29th February 2024 424
At 28th February 2023 622

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 19,284 5,384
Other debtors 16,479 12,418
35,763 17,802

R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 1,092 4,948
Amounts received on account 18,254 8,355
Trade creditors 969 8,455
Taxation and social security 13,155 1,559
Other creditors 1,000 1,000
34,470 24,317

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 6,023 7,149

9. Transactions with director

The following advances and credits to the director subsisted during the years ended 29th February 2024 and 28th February 2023:
20242023
Director
Balance outstanding at start of year10,49515,409
Amounts advanced26,46626,530
Amount repaid(22,571)(31,444)
14,39010,495

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.

10. Post balance sheet events

Since the year end on 27th September 2024, an interim dividend for the year ended 28th February 2025 of £14,500 per share has been declared.