Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05847824 2023-07-01 2024-06-30 05847824 2022-07-01 2023-06-30 05847824 2024-06-30 05847824 2023-06-30 05847824 2022-07-01 05847824 c:Director1 2023-07-01 2024-06-30 05847824 d:FurnitureFittings 2023-07-01 2024-06-30 05847824 d:FurnitureFittings 2024-06-30 05847824 d:FurnitureFittings 2023-06-30 05847824 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05847824 d:CurrentFinancialInstruments 2024-06-30 05847824 d:CurrentFinancialInstruments 2023-06-30 05847824 d:Non-currentFinancialInstruments 2024-06-30 05847824 d:Non-currentFinancialInstruments 2023-06-30 05847824 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05847824 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05847824 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05847824 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 05847824 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 05847824 d:ShareCapital 2024-06-30 05847824 d:ShareCapital 2023-06-30 05847824 d:ShareCapital 2022-07-01 05847824 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2024-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2023-06-30 05847824 d:RetainedEarningsAccumulatedLosses 2022-07-01 05847824 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05847824 c:OrdinaryShareClass1 2024-06-30 05847824 c:OrdinaryShareClass1 2023-06-30 05847824 c:FRS102 2023-07-01 2024-06-30 05847824 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05847824 c:FullAccounts 2023-07-01 2024-06-30 05847824 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05847824 2 2023-07-01 2024-06-30 05847824 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05847824










RBA Project Solutions Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
RBA Project Solutions Limited
 

Contents



Page
Accountants' report
 
 
1
Balance sheet
 
 
2
Statement of changes in equity
 
 
3
Notes to the financial statements
 
 
4 - 8


 
RBA Project Solutions Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of RBA Project Solutions Limited for the year ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RBA Project Solutions Limited for the year ended 30 June 2024 which comprise the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of RBA Project Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of RBA Project Solutions Limited and state those matters that we have agreed to state to the Board of directors of RBA Project Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RBA Project Solutions Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that RBA Project Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RBA Project Solutions Limited. You consider that RBA Project Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of RBA Project Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
8 November 2024
Page 1

 
RBA Project Solutions Limited
Registered number: 05847824

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,011
1,721

  
1,011
1,721

Current assets
  

Debtors: amounts falling due within one year
 5 
88,938
78,707

Bank & cash balances
  
207,190
74,415

  
296,128
153,122

Creditors: amounts falling due within one year
 6 
(225,827)
(126,968)

Net current assets
  
 
 
70,301
 
 
26,154

Total assets less current liabilities
  
71,312
27,875

Creditors: amounts falling due after more than one year
 7 
(16,514)
(26,612)

  

Net assets
  
54,798
1,263


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
 10 
54,796
1,261

  
54,798
1,263


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Baradaran Azimi
Director
Date: 8 November 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
RBA Project Solutions Limited
 

Statement of changes in equity
For the year ended 30 June 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2022
2
113,578
113,580


Comprehensive income for the year

Profit for the year
-
406,483
406,483

Dividends: Equity capital
-
(518,800)
(518,800)



At 1 July 2023
2
1,261
1,263


Comprehensive income for the year

Profit for the year
-
474,535
474,535

Dividends: Equity capital
-
(421,000)
(421,000)


At 30 June 2024
2
54,796
54,798


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

RBA Project Solutions Limited ("the company) is a private company limited by shares and was incorporated in England with the registration number 05847824.  The address of the registered office and principal place of business is Lower Station Road, Newick, East Sussex, BN8 4HT.  
The principal activity of the company continued to be that of a Consultant (project and cost management chartered surveyor). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
straight line

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. 

Page 4

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. 

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

2024
2023
£
£

Wages and salaries
18,200
18,200

Social security costs
37
-

18,237
18,200


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 July 2023
16,248



At 30 June 2024

16,248



Depreciation


At 1 July 2023
14,527


Charge for the year on owned assets
710



At 30 June 2024

15,237



Net book value



At 30 June 2024
1,011



At 30 June 2023
1,721


5.


Debtors

2024
2023
£
£


Trade debtors
88,938
54,585

Other debtors
-
24,122

88,938
78,707



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,098
9,849

Corporation tax
158,988
105,303

Other taxation and social security
52,079
8,992

Other creditors
1,257
-

Accruals and deferred income
3,405
2,824

225,827
126,968


Page 6

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,514
26,612

16,514
26,612



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,098
9,849


10,098
9,849

Amounts falling due 1-2 years

Bank loans
16,514
20,452


16,514
20,452

Amounts falling due 2-5 years

Bank loans
-
6,160


-
6,160


26,612
36,461



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


Page 7

 
RBA Project Solutions Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

10.


Reserves

Profit & loss account

This reserve comprises of all current and prior periods retained profits and losses after deducting any distirbutions.  
Share capital
This represents the nominal value of shares that have been issued by the company.


11.


Controlling party

The company is under the control of its directors.  


Page 8