Rand Associates Consultancy Services Ltd Filleted Accounts Cover
Rand Associates Consultancy Services Ltd
Company No. 04394343
Information for Filing with The Registrar
31 May 2024
Rand Associates Consultancy Services Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 May 2024.
Principal activities
The principal activity of the company during the year under review was that of quantity surveyors and building surveyors.
Directors
The Directors who served at any time during the year were as follows:
J. Case
S. Davis
D. Higgins
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Case
Company Secretary
26 November 2024
Rand Associates Consultancy Services Ltd Balance Sheet Registrar
at
31 May 2024
Company No.
04394343
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
340-
Tangible assets
5
16,3569,487
Investments
6
197,700130,200
214,396139,687
Current assets
Work in Progress
7
12,900250,566
Debtors
8
1,629,2341,051,348
Cash at bank and in hand
669,622418,221
2,311,7561,720,135
Creditors: Amount falling due within one year
9
(623,198)
(439,743)
Net current assets
1,688,5581,280,392
Total assets less current liabilities
1,902,9541,420,079
Net assets
1,902,9541,420,079
Capital and reserves
Called up share capital
690690
Share premium account
11
89,57089,570
Capital redemption reserve
11
-30,800
Profit and loss account
11
1,812,6941,299,019
Total equity
1,902,9541,420,079
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 26 November 2024 and signed on its behalf by:
J. Case
Director
26 November 2024
Rand Associates Consultancy Services Ltd Notes to the Accounts Registrar
for the year ended 31 May 2024
1
General information
Rand Associates Consultancy Services Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 04394343
Its registered office is:
Bell House
107 Bell Street
Reigate
Surrey
RH2 7JB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
33%% Straight line
Furniture, fittings and equipment
33%% Straight line
The method of depreciation for Furniture, fittings and equipment has been changed in this accounting period.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Rand Associates (Diagnostics) Limited
Registered office: Bell House, 107 Bell Street, Reigate, Surrey, United Kingdom, RH2 7JB
Nature of business: Software Development

%
Class of shares: holding
Ordinary A Shares 100.00
Ordinary B Shares 100.00
2024 2023
£ £
Aggregate capital and reserves 37,725 37,822



Associated company

M3 Housing Limited
Registered office: Three Kings, 23 Commonside East, Mitcham, Surrey, CR4 2QA
Nature of business: Management consultancy activities

%
Class of shares: holding
Ordinary B Shares 50.00
Ordinary C Shares 75.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 125,813 128,993
Work in progress

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
4543
4
Intangible fixed assets
Goodwill
Stamp Duty
Total
£
£
£
Cost
At 1 June 2023
436,000-436,000
Additions
-340340
Disposals
(436,000)
-
(436,000)
At 31 May 2024
-340340
Amortisation and impairment
At 1 June 2023
436,000-436,000
Disposals
(436,000)
-
(436,000)
At 31 May 2024
---
Net book values
At 31 May 2024
-340340
At 31 May 2023
---
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 June 2023
77,31840,517117,835
Additions
14,854-14,854
Disposals
(41,357)
-
(41,357)
At 31 May 2024
50,81540,51791,332
Depreciation
At 1 June 2023
68,39639,952108,348
Charge for the year
6,4555657,020
Disposals
(40,392)
-
(40,392)
At 31 May 2024
34,45940,51774,976
Net book values
At 31 May 2024
16,356-16,356
At 31 May 2023
8,922
565
9,487
6
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 June 2023
130,200
130,200
Additions
67,500
67,500
At 31 May 2024
197,700
197,700
Provisions/Impairment
Net book values
At 31 May 2024
197,700
197,700
At 31 May 2023
130,200
130,200
7
Stocks
2024
2023
£
£
Work in progress
12,900250,566
12,900250,566
8
Debtors
2024
2023
£
£
Trade debtors
701,02497,179
Amounts owed by group undertakings
846,280921,448
Loans to directors
242-
Other debtors
21,00121,001
Prepayments and accrued income
60,68711,720
1,629,2341,051,348
Amounts included within group undertakings that fall due after more than one year
768,000768,000
9
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,51610,347
Trade creditors
138,754124,294
Taxes and social security
314,646
193,481
Other creditors
7,140-
Accruals and deferred income
151,142111,621
623,198439,743
10
Share Capital
Share Capital of 690 Ordinary Shares @ £1 each
11
Reserves
Capital redemption reserve
Total other reserves
£
£
At 1 June 2022
30,800
30,800
At 31 May 2023 and 1 June 2023
30,800
30,800
Transfers
(30,800)
(30,800)
At 31 May 2024
--
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
12
Related party disclosures
Transactions with related parties
The company is controlled by the directors. Dividends to the directors of £57,000 (2023: £nil) were declared during the year.

The amount owed from its subsidiary; Rand Associates (Diagnostics) Limited at the reporting date was £78,280 (2023: £153,448).

At the reporting date, Rand Associates Limited owed the company £768,000 (2023: £768,000).

At the reporting date, its associated company, M3 Housing Limited owed the company £120,012 (2023: 91,732) and the company owed £838 (2023: £nil) to M3 Housing Limited.
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