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REGISTERED NUMBER: 08691067 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

RSM Maintenance Ltd

RSM Maintenance Ltd (Registered number: 08691067)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RSM Maintenance Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: R S Minnitt





SECRETARY: Mrs A V Minnitt





REGISTERED OFFICE: Nixon House
Lincoln Lane
Newton-On-Trent
Lincoln
LN1 2ZB





REGISTERED NUMBER: 08691067 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

RSM Maintenance Ltd (Registered number: 08691067)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,498,694 1,437,279

CURRENT ASSETS
Stocks 9,000 -
Debtors 5 1,117,041 906,485
Cash at bank and in hand 626,277 758,707
1,752,318 1,665,192
CREDITORS
Amounts falling due within one year 6 801,664 785,107
NET CURRENT ASSETS 950,654 880,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,449,348

2,317,364

CREDITORS
Amounts falling due after more than one
year

7

(404,964

)

(416,341

)

PROVISIONS FOR LIABILITIES (287,301 ) (281,927 )
NET ASSETS 1,757,083 1,619,096

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 1,756,883 1,618,896
SHAREHOLDERS' FUNDS 1,757,083 1,619,096

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

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

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 31 January 2025 and were signed by:





R S Minnitt - Director


RSM Maintenance Ltd (Registered number: 08691067)

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

1. STATUTORY INFORMATION

RSM Maintenance Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and Buildings - 2% on cost
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

RSM Maintenance Ltd (Registered number: 08691067)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 28 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and
Buildings property machinery
£    £    £   
COST
At 1 October 2023 319,070 72,672 1,469,643
Additions - 2,100 384,909
Disposals - - (446,070 )
At 30 September 2024 319,070 74,772 1,408,482
DEPRECIATION
At 1 October 2023 25,587 37,357 555,011
Charge for year 6,382 18,693 278,290
Eliminated on disposal - - (179,676 )
At 30 September 2024 31,969 56,050 653,625
NET BOOK VALUE
At 30 September 2024 287,101 18,722 754,857
At 30 September 2023 293,483 35,315 914,632

RSM Maintenance Ltd (Registered number: 08691067)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 385,028 - 2,246,413
Additions 389,145 4,674 780,828
Disposals (20,500 ) - (466,570 )
At 30 September 2024 753,673 4,674 2,560,671
DEPRECIATION
At 1 October 2023 191,179 - 809,134
Charge for year 145,367 1,169 449,901
Eliminated on disposal (17,382 ) - (197,058 )
At 30 September 2024 319,164 1,169 1,061,977
NET BOOK VALUE
At 30 September 2024 434,509 3,505 1,498,694
At 30 September 2023 193,849 - 1,437,279


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,115,857 900,496
Other debtors 1,184 5,989
1,117,041 906,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,677 37,419
Hire purchase contracts 142,216 95,790
Trade creditors 404,663 323,061
Taxation and social security 184,980 319,540
Other creditors 32,128 9,297
801,664 785,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 241,219 267,295
Hire purchase contracts 163,745 149,046
404,964 416,341

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 278,896 304,714

Bank borrowings are secured by means of a fixed charge over the company's land and it's associated assets.

RSM Maintenance Ltd (Registered number: 08691067)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A voting £1 100 100
100 Ordinary voting £1 100 100
200 200