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REGISTERED NUMBER: 08515429 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

RS (UK) Limited

RS (UK) Limited (Registered number: 08515429)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RS (UK) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: T Singh





SECRETARY:





REGISTERED OFFICE: Unit E-06
Charles House
Bridge Road
Southall
Middlesex
UB2 4BD





REGISTERED NUMBER: 08515429 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

RS (UK) Limited (Registered number: 08515429)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,473 24,634

CURRENT ASSETS
Stocks 156,078 113,986
Debtors 5 252,761 204,489
Prepayments and accrued income 3,304 6,239
Cash at bank and in hand 4,023 11,657
416,166 336,371
CREDITORS
Amounts falling due within one year 6 276,438 185,186
NET CURRENT ASSETS 139,728 151,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,201

175,819

CREDITORS
Amounts falling due after more than
one year

7

(140,427

)

(150,025

)

PROVISIONS FOR LIABILITIES (5,669 ) (5,669 )
NET ASSETS 14,105 20,125

RS (UK) Limited (Registered number: 08515429)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,005 20,025
14,105 20,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 20 February 2025 and were signed by:





T Singh - Director


RS (UK) Limited (Registered number: 08515429)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

RS (UK) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

RS (UK) Limited (Registered number: 08515429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 3,825 37,061 40,886
DEPRECIATION
At 1 June 2023 - 16,252 16,252
Charge for year - 4,161 4,161
At 31 May 2024 - 20,413 20,413
NET BOOK VALUE
At 31 May 2024 3,825 16,648 20,473
At 31 May 2023 3,825 20,809 24,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 252,761 204,489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 4,202 4,202
Trade creditors 229,524 101,130
Taxation and social security 6,955 9,920
Other creditors 35,757 69,934
276,438 185,186

RS (UK) Limited (Registered number: 08515429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 123,687 129,752
Hire purchase contracts 16,740 20,273
140,427 150,025

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
T Singh
Balance outstanding at start of year 39,969 65,773
Amounts advanced 15,000 -
Amounts repaid (39,400 ) (25,804 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,569 39,969