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REGISTERED NUMBER: 08045605 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

R C Services (South West) Limited

R C Services (South West) Limited (Registered number: 08045605)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R C Services (South West) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C R White





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 08045605 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

R C Services (South West) Limited (Registered number: 08045605)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,013 27,988
Investment property 6 317,872 317,872
348,885 345,860

CURRENT ASSETS
Stocks 7 4,642 40,330
Debtors 8 591,757 496,476
Cash at bank 248,675 164,599
845,074 701,405
CREDITORS
Amounts falling due within one year 9 371,177 308,434
NET CURRENT ASSETS 473,897 392,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

822,782

738,831

CREDITORS
Amounts falling due after more than one year 10 (32,584 ) (104,107 )

PROVISIONS FOR LIABILITIES 11 (7,753 ) (6,997 )
NET ASSETS 782,445 627,727

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 782,345 627,627
SHAREHOLDERS' FUNDS 782,445 627,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R C Services (South West) Limited (Registered number: 08045605)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 25 January 2025 and were signed by:





C R White - Director


R C Services (South West) Limited (Registered number: 08045605)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

R C Services (South West) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance basis
Computer equipment - 33.33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

R C Services (South West) Limited (Registered number: 08045605)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 107,000
AMORTISATION
At 1 May 2023
and 30 April 2024 107,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 38,075 98,943 6,101 143,119
Additions 608 9,708 1,165 11,481
At 30 April 2024 38,683 108,651 7,266 154,600
DEPRECIATION
At 1 May 2023 22,948 86,871 5,312 115,131
Charge for year 2,360 5,445 651 8,456
At 30 April 2024 25,308 92,316 5,963 123,587
NET BOOK VALUE
At 30 April 2024 13,375 16,335 1,303 31,013
At 30 April 2023 15,127 12,072 789 27,988

R C Services (South West) Limited (Registered number: 08045605)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 317,872
NET BOOK VALUE
At 30 April 2024 317,872
At 30 April 2023 317,872

7. STOCKS
2024 2023
£    £   
Work-in-progress 4,642 40,330

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 265,538 236,172
RC Properties (SW) Ltd 275,923 244,792
Other Debtors 24,745 12,318
Social security and other tax 22,020 -
Prepayments 3,531 3,194
591,757 496,476

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 71,524 66,303
Trade creditors 137,541 58,612
Tax 84,337 64,839
Social security and other taxes - 11,868
VAT 58,729 67,582
Other creditors - 1,198
Deferred income 2,100 17,300
Directors' current accounts 205 215
Deposits held 4,500 8,300
Accrued expenses 12,241 12,217
371,177 308,434

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 32,584 104,107

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,753 6,997

R C Services (South West) Limited (Registered number: 08045605)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 6,997
Provided during year 756
Balance at 30 April 2024 7,753

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £99,000 (2023 - £62,000) were paid to the director .

RC Properties (South West) Limited
Mr White is a director and Controlling shareholder of the above Company.
Within Debtors due in less than one year there is a balance due from RC Properties (South West) Limited of £275,923 (2023:£244,792).

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C R White.