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Registration number: 07725028

RMCSC Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 March 2024

 

RMCSC Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

RMCSC Limited

Company Information

Directors

Ms C Clark

Mr M R Southall

Registered office


85 Great Portland Street
First Floor
London
W1W 7LT
 

Bankers

Santander UK plc
Bridle Road
Bootle
Merseyside
L30 4GB
 

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

RMCSC Limited

(Registration number: 07725028)

Balance Sheet
as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11

332

Current assets

 

Debtors

6

1,850

2,163

Cash at bank and in hand

 

23,316

22,015

 

25,166

24,178

Creditors: Amounts falling due within one year

7

(24,799)

(24,485)

Net current assets/(liabilities)

 

367

(307)

Total assets less current liabilities

 

378

25

Provisions for liabilities

(2)

(63)

Net assets/(liabilities)

 

376

(38)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

276

(138)

Total equity

 

376

(38)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

 

RMCSC Limited

(Registration number: 07725028)

Balance Sheet
as at 31 March 2024

Approved and authorised by the Board on 7 November 2024 and signed on its behalf by:
 

.........................................

Ms C Clark

Director

 

RMCSC Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
85 Great Portland Street
First Floor
London
W1W 7LT
England

The principal place of business is:
32B, Bravington Road
London
W9 3AH
England

These financial statements were authorised for issue by the Board on 7 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover represents net invoiced sales of services, excluding Value Added Tax. Where the supply of the services spans the end of the accounting period, turnover includes the value of the services supplied up to that date to the extent that it is recoverable from the client.

Tax

The tax expense for the period comprises current and deferred tax and is recognised in profit or loss.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

RMCSC Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

10% on cost

Computer equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business, and are stated at invoice value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are stated at cost.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

RMCSC Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

RMCSC Limited

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

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

496

2,679

3,175

At 31 March 2024

496

2,679

3,175

Depreciation

At 1 April 2023

436

2,407

2,843

Charge for the year

49

272

321

At 31 March 2024

485

2,679

3,164

Carrying amount

At 31 March 2024

11

-

11

At 31 March 2023

60

272

332

5

Stocks

2024
£

2023
£

6

Debtors

2024
£

2023
£

Trade debtors

-

360

Prepayments

1,850

1,803

1,850

2,163

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

967

1,860

Accruals and deferred income

1,148

1,148

Other creditors

22,684

21,477

24,799

24,485