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REGISTERED NUMBER: 12054200 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

RS Developers Ltd

RS Developers Ltd (Registered number: 12054200)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS Developers Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R Khanna





REGISTERED OFFICE: 3 Somerset Gardens
Wembley
HA0 3BP





REGISTERED NUMBER: 12054200 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

RS Developers Ltd (Registered number: 12054200)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 3 144,816 107,831
Cash at bank 5,118 10,858
149,934 118,689
CREDITORS
Amounts falling due within one year 4 (49,100 ) (20,612 )
NET CURRENT ASSETS 100,834 98,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,834

98,077

CREDITORS
Amounts falling due after more than one year 5 (27,376 ) (33,073 )
NET ASSETS 73,458 65,004

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 73,456 65,002
73,458 65,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

RS Developers Ltd (Registered number: 12054200)

Balance Sheet - continued
30 June 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 4 February 2025 and were signed by:





R Khanna - Director


RS Developers Ltd (Registered number: 12054200)

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

1. 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 144,816 82,765
Directors' current accounts - 25,066
144,816 107,831

RS Developers Ltd (Registered number: 12054200)

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,491 5,350
Corporation tax 5,407 11,349
Other creditors 7,426 1,888
Directors' current accounts 29,384 -
Accrued expenses 1,392 2,025
49,100 20,612

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,630 11,110
Bank loans - 2-5 years 21,746 17,741
Bank loans more 5 yr by instal - 4,222
27,376 33,073

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,222

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
R Khanna
Balance outstanding at start of year 25,066 (92,649 )
Amounts advanced 16,517 215,658
Amounts repaid (70,967 ) (97,943 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29,384 ) 25,066