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REGISTERED NUMBER: 08131135 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

RESCOM LTD

RESCOM LTD (REGISTERED NUMBER: 08131135)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESCOM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A P Green
D J Lee





REGISTERED OFFICE: Astley House
61a Higher Green Lane
Astley
Manchester
M29 7HQ





REGISTERED NUMBER: 08131135 (England and Wales)





ACCOUNTANTS: RfM Alexander Bursk
Parkgates
Bury New Raod
Prestwich
Manchester
M25 0JW

RESCOM LTD (REGISTERED NUMBER: 08131135)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 478,712 415,985

CURRENT ASSETS
Stocks 100,464 65,500
Debtors 5 813,109 603,985
Cash at bank 388,976 240,463
1,302,549 909,948
CREDITORS
Amounts falling due within one year 6 613,932 441,835
NET CURRENT ASSETS 688,617 468,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,167,329

884,098

CREDITORS
Amounts falling due after more than one
year

7

(233,894

)

(213,826

)

PROVISIONS FOR LIABILITIES (12,232 ) (5,008 )
NET ASSETS 921,203 665,264

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 921,103 665,164
SHAREHOLDERS' FUNDS 921,203 665,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RESCOM LTD (REGISTERED NUMBER: 08131135)

BALANCE SHEET - continued
31 JULY 2024


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 Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:




D J Lee - Director



A P Green - Director


RESCOM LTD (REGISTERED NUMBER: 08131135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Rescom Ltd is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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.


RESCOM LTD (REGISTERED NUMBER: 08131135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 395,953 55,112 451,065
Additions - 80,433 80,433
At 31 July 2024 395,953 135,545 531,498
DEPRECIATION
At 1 August 2023 - 35,080 35,080
Charge for year - 17,706 17,706
At 31 July 2024 - 52,786 52,786
NET BOOK VALUE
At 31 July 2024 395,953 82,759 478,712
At 31 July 2023 395,953 20,032 415,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 238,593 84,784
Other debtors 574,516 519,201
813,109 603,985

RESCOM LTD (REGISTERED NUMBER: 08131135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,850 24,627
Hire purchase contracts 4,390 -
Trade creditors 286,108 138,503
Taxation and social security 299,951 230,609
Other creditors 9,633 48,096
613,932 441,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 209,589 213,826
Hire purchase contracts 24,305 -
233,894 213,826

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 182,015 135,659

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 223,439 236,646
Hire purchase contracts 28,695 -
252,134 236,646

HIre Purchase creditor is secured against the motor vehicle it relates to and the bank loan is secured against the company property.

9. RELATED PARTY DISCLOSURES

The director and shareholder, A P Green, is also a director and shareholder in Edge Property Management Company Limited.

During the year, the company entered into transactions with Edge Property Management Company Limited, including sales of £6,500 (2023 - £365) and purchases of £9,396 (2023 - £7,591). At the balance sheet date, the company was owed £800 (2023 - £nil) which was included in Trade Debtors and owed £799 (2023 - £1,300) which was included in Trade Creditors.

10. ULTIMATE CONTROLLING PARTY

The ultimate control of the company is held by A P Green and D Lee by virtue of each holding 50% of the issued share capital.