36
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
05799647
2023-05-01
2024-04-30
05799647
2024-04-30
05799647
2023-04-30
05799647
2022-05-01
2023-04-30
05799647
2023-04-30
05799647
2022-04-30
05799647
core:FurnitureFittings
2023-05-01
2024-04-30
05799647
bus:LeadAgentIfApplicable
2023-05-01
2024-04-30
05799647
bus:Director2
2023-05-01
2024-04-30
05799647
core:WithinOneYear
2024-04-30
05799647
core:WithinOneYear
2023-04-30
05799647
core:ShareCapital
2024-04-30
05799647
core:ShareCapital
2023-04-30
05799647
core:RetainedEarningsAccumulatedLosses
2024-04-30
05799647
core:RetainedEarningsAccumulatedLosses
2023-04-30
05799647
core:BetweenOneFiveYears
2024-04-30
05799647
core:MoreThanFiveYears
2024-04-30
05799647
bus:SmallEntities
2023-05-01
2024-04-30
05799647
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
05799647
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
05799647
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
05799647
bus:AbridgedAccounts
2023-05-01
2024-04-30
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
|
All of the members of RAB Consultants Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
05799647
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS |
|
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
RAB CONSULTANTS LIMITED |
|
YEAR ENDED 30 APRIL 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of RAB Consultants Limited for the year ended 30 April 2024, which comprise the abridged statement of financial position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
18 November 2024
ABRIDGED STATEMENT OF FINANCIAL POSITION |
|
30 April 2024
Fixed assets
Tangible assets |
5 |
|
55,291 |
|
22,507 |
|
|
|
|
|
|
Current assets
Debtors |
159,798 |
|
102,220 |
|
Investments |
6 |
114,886 |
|
114,886 |
|
Cash at bank and in hand |
794,516 |
|
819,237 |
|
|
-------------- |
|
-------------- |
|
|
1,069,200 |
|
1,036,343 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
276,015 |
|
318,883 |
|
|
-------------- |
|
-------------- |
|
Net current assets |
|
793,185 |
|
717,460 |
|
|
------------ |
|
------------ |
Total assets less current liabilities |
|
848,476 |
|
739,967 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
3,939 |
|
5,627 |
|
|
------------ |
|
------------ |
Net assets |
|
844,537 |
|
734,340 |
|
|
------------ |
|
------------ |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
111 |
|
111 |
Profit and loss account |
|
844,426 |
|
734,229 |
|
|
------------ |
|
------------ |
Shareholders funds |
|
844,537 |
|
734,340 |
|
|
------------ |
|
------------ |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
|
30 April 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
18 November 2024
, and are signed on behalf of the board by:
Company registration number:
05799647
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
|
YEAR ENDED 30 APRIL 2024
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less tax. Deferred tax is measured on a undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
25% reducing balance |
|
Equipment |
- |
25 - 50% Straight Line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
36
(2023:
33
).
5.
Tangible Assets
|
£ |
Cost |
|
At 1 May 2023 |
115,818 |
Additions |
46,804 |
|
------------ |
At 30 April 2024 |
162,622 |
|
------------ |
Depreciation |
|
At 1 May 2023 |
93,311 |
Charge for the year |
14,020 |
|
------------ |
At 30 April 2024 |
107,331 |
|
------------ |
Carrying amount |
|
At 30 April 2024 |
55,291 |
|
------------ |
At 30 April 2023 |
22,507 |
|
------------ |
|
|
6.
Investments
|
2024 |
2023 |
|
£ |
£ |
Other investments |
114,886 |
114,886 |
|
------------ |
------------ |
|
|
|
7.
Operating Leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
|
Not later than 1 year |
31,831 |
3,457 |
|
Later than 1 year and not later than 5 years |
118,513 |
– |
|
Later than 5 years |
3,625 |
– |
|
|
------------ |
------------ |
|
|
153,969 |
3,457 |
|
|
------------ |
------------ |
|
|
|
|