Company registration number: 07639658
Unaudited financial statements
for the year ended 30 May 2024
for
R S Design & Technology Ltd
Pages for filing with the Registrar
Company registration number: 07639658
R S Design & Technology Ltd
Balance sheet
as at 30 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 350 400
Tangible assets 5 29,798 32,469
30,148 32,869
Current assets
Stocks 5,000 5,000
Debtors 149,272 75,670
Cash at bank and in hand 47,266 106,466
201,538 187,136
Creditors: amounts falling due within one
year
(217,651) (233,707)
Net current liabilities (16,113) (46,571)
Total assets less current liabilities 14,035 (13,702)
Creditors: Amounts falling due after more
than one year
(49,540) (23,917)
NET LIABILITIES (35,505) (37,619)
Capital and reserves
Called up share capital 40 40
Profit and loss account (35,545) (37,659)
TOTAL EQUITY (35,505) (37,619)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 May 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07639658
R S Design & Technology Ltd
Balance sheet - continued
as at 30 May 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 25 February 2025 and signed on its behalf by:
Mr R Rhodes, Director
25 February 2025
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R S Design & Technology Ltd
Notes to the financial statements
for the year ended 30 May 2024
1 Company information
R S Design & Technology Ltd is a private company registered in England and Wales. Its registered number is 07639658. The company is limited by shares. Its registered office is 101 Botley Road, Romsey, Hampshire, SO51 5RQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - Goodwill, being the amount paid in connection with the
acquisition of a business in 2011, is being amortised
evenly over its estimated useful life of twenty years.
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.
Plant and machinery etc.:
Plant and machinery - 25% straight line
Fixtures & fittings - 25% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line
3
R S Design & Technology Ltd
Notes to the financial statements - continued
for the year ended 30 May 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 14 (2023 - 14).
4 Intangible assets
Goodwill
£
Cost
At 31 May 2023 1,000
At 30 May 2024 1,000
Amortisation
At 31 May 2023 600
Charge for year 50
At 30 May 2024 650
Net book value
At 30 May 2024 350
At 30 May 2023 400
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R S Design & Technology Ltd
Notes to the financial statements - continued
for the year ended 30 May 2024
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 31 May 2023 105,032
Additions 11,043
Disposals (19,098)
At 30 May 2024 96,977
Depreciation
At 31 May 2023 72,563
Charge for year 13,714
Eliminated on disposal (19,098)
At 30 May 2024 67,179
Net book value
At 30 May 2024 29,798
At 30 May 2023 32,469
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