Registered number
07590437
RPY CONSULTING LTD
Filleted Accounts
30 April 2024
RPY CONSULTING LTD
Registered number: 07590437
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,333 210
Current assets
Work-in-progress 2,750 1,450
Debtors 4 144,248 143,380
Investments held as current assets 5 25,463 30,327
Cash at bank and in hand 203,711 180,596
376,172 355,753
Creditors: amounts falling due within one year 6 (45,888) (46,391)
Net current assets 330,284 309,362
Net assets 331,617 309,572
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 (2,945) -
Profit and loss account 334,462 309,472
Shareholders' funds 331,617 309,572
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Dua
Director
Approved by the board on 17 January 2025
RPY CONSULTING LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 11,615
Additions 2,365
At 30 April 2024 13,980
Depreciation
At 1 May 2023 11,405
Charge for the year 1,242
At 30 April 2024 12,647
Net book value
At 30 April 2024 1,333
At 30 April 2023 210
4 Debtors 2024 2023
£ £
Trade debtors 144,248 143,380
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 25,463 30,327
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,517 11,876
Taxation and social security costs 16,772 22,845
Other creditors 16,599 11,670
45,888 46,391
7 Revaluation reserve 2024 2023
£ £
Revaluation reserve on listed shares (2,945) -
At 30 April 2024 (2,945) -
8 Other information
RPY CONSULTING LTD is a private company limited by shares and incorporated in England. Its registered office is:
73 Ventnor Drive
London
N20 8BU
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