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REGISTERED NUMBER: 13446445 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

RSFT Limited

RSFT Limited (Registered number: 13446445)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RSFT Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr H Lovell
Mr J V Niblett
Mrs I Thiru



REGISTERED OFFICE: Unit F Whiteacres
Cambridge Road
Whetstone
Leicestershire
LE8 6ZG



REGISTERED NUMBER: 13446445 (England and Wales)



SENIOR STATUTORY AUDITOR: Anthony Armstrong



AUDITORS: Armstrong & Co
Chartered Accountants & Statutory Auditors
4a Printing House Yard
Hackney Road
London
E2 7PR

RSFT Limited (Registered number: 13446445)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 37,002 12,259
Debtors 4 - 96,050
Cash at bank 44,222 34,109
81,224 142,418
CREDITORS
Amounts falling due within one year 5 81,223 142,417
NET CURRENT ASSETS 1 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

1

1

CAPITAL AND RESERVES
Called up share capital 1 1
1 1

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th September 2024 and were signed on its behalf by:





Mr J V Niblett - Director


RSFT Limited (Registered number: 13446445)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

RSFT Limited 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.

The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future, 12 months from the signing of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The company is a subsidiary of The Ruth Strauss Foundation, and the company has the financial support of its parent if required, which has been confirmed in writing.

Turnover
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment.Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversal of impairment losses are also recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


RSFT Limited (Registered number: 13446445)

Notes to the Financial Statements - continued
for the Year Ended 31st March 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 96,050

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,970 -
Amounts owed to group undertakings 77,053 117,462
VAT - 18,505
Accrued expenses 1,200 6,450
81,223 142,417

6. RESERVES
Retained
earnings
£   

Profit for the year 108,100
Dividends (108,100 )
At 31st March 2024 -

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Armstrong (Senior Statutory Auditor)
for and on behalf of Armstrong & Co

RSFT Limited (Registered number: 13446445)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


8. RELATED PARTY DISCLOSURES

In accordance with FRS102.s.33.1A the group and company have taken the available exemption from disclosing transactions entered into between two or more members of a group and outstanding balances, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

9. PARENT COMPANY

The company's ultimate parent undertaking is The Ruth Strauss Foundation (charity no. 1183221), a charity registered in England and Wales.

The smallest and largest group in which the results of the company were consolidated is The Ruth Strauss Foundation. The consolidated accounts of this company are available to the public and may be obtained from The Ruth Strauss Foundation, Unit F Whiteacres, Cambridge Road, Whetstone, Leicestershire LE8 6ZG.