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REGISTERED NUMBER: 01372658 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

R.T.S. ENGINEERING (SOMERSET) LIMITED

R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R.T.S. ENGINEERING (SOMERSET) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Shorthouse
Mrs J A Shorthouse
K Shorthouse





SECRETARY: Mrs J A Shorthouse





REGISTERED OFFICE: Unit 6
Sedgemouth Industrial Park
Bristol Road
Bridgwater
Somerset
TA6 4AR





REGISTERED NUMBER: 01372658 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,638 42,655

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 174,423 284,355
Cash at bank and in hand 193,880 43,400
369,303 328,755
CREDITORS
Amounts falling due within one year 6 324,560 247,751
NET CURRENT ASSETS 44,743 81,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,381

123,659

PROVISIONS FOR LIABILITIES 5,605 7,245
NET ASSETS 72,776 116,414

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,676 116,314
SHAREHOLDERS' FUNDS 72,776 116,414

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 15 November 2024 and were signed on its behalf by:





R Shorthouse - Director


R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)

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

1. STATUTORY INFORMATION

R.T.S. Engineering (Somerset) 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.

Turnover
Turnover represents net invoiced sales of services including maintenance and repairs.

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 - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Stocks are valued at cost and represent the value of small parts and consumables not for resale.

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.

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.

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 6 (2023 - 4 ) .

R.T.S. ENGINEERING (SOMERSET) LIMITED (REGISTERED NUMBER: 01372658)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 71,055 174,133 50,662 295,850
DEPRECIATION
At 1 April 2023 54,590 151,728 46,877 253,195
Charge for year 2,470 5,601 946 9,017
At 31 March 2024 57,060 157,329 47,823 262,212
NET BOOK VALUE
At 31 March 2024 13,995 16,804 2,839 33,638
At 31 March 2023 16,465 22,405 3,785 42,655


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,513 201,053
Retentions 11,177 72,173
Prepayments and accrued income 10,733 11,129
174,423 284,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,787 82,415
Corporation tax - (16,349 )
Social security and other taxes 5,311 4,264
Directors' current accounts 165,248 117,463
Accruals and deferred income 103,214 59,958
324,560 247,751

7. RELATED PARTY DISCLOSURES

The business premises that the entity operates out of is owned by Mr and Mrs Shorthouse, a market rate charge has been applied for the use of the property during the year.