Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01No description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06306331 2023-08-01 2024-07-31 06306331 2022-08-01 2023-07-31 06306331 2024-07-31 06306331 2023-07-31 06306331 c:CompanySecretary1 2023-08-01 2024-07-31 06306331 c:Director1 2023-08-01 2024-07-31 06306331 c:Director2 2023-08-01 2024-07-31 06306331 c:RegisteredOffice 2023-08-01 2024-07-31 06306331 d:FreeholdInvestmentProperty 2024-07-31 06306331 d:FreeholdInvestmentProperty 2023-07-31 06306331 d:CurrentFinancialInstruments 2024-07-31 06306331 d:CurrentFinancialInstruments 2023-07-31 06306331 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 06306331 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06306331 d:ShareCapital 2024-07-31 06306331 d:ShareCapital 2023-07-31 06306331 d:InvestmentPropertiesRevaluationReserve 2024-07-31 06306331 d:InvestmentPropertiesRevaluationReserve 2023-07-31 06306331 d:RetainedEarningsAccumulatedLosses 2024-07-31 06306331 d:RetainedEarningsAccumulatedLosses 2023-07-31 06306331 c:FRS102 2023-08-01 2024-07-31 06306331 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06306331 c:FullAccounts 2023-08-01 2024-07-31 06306331 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06306331 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 06306331







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


RGS ELECTRONICS LIMITED






































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RGS ELECTRONICS LIMITED
 


 
COMPANY INFORMATION


Directors
D L Carpenter 
V E Carpenter 




Company secretary
D L Carpenter



Registered number
06306331



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


RGS ELECTRONICS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 


RGS ELECTRONICS LIMITED
REGISTERED NUMBER:06306331



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
394,000
394,000

  
394,000
394,000

Current assets
  

Cash at bank and in hand
  
30,666
31,467

  
30,666
31,467

Creditors: amounts falling due within one year
 5 
(4,254)
(3,693)

Net current assets
  
 
 
26,412
 
 
27,774

Total assets less current liabilities
  
420,412
421,774

Provisions for liabilities
  

Other provisions
  
(28,472)
(28,472)

  
 
 
(28,472)
 
 
(28,472)

Net assets
  
391,940
393,302


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
105,684
105,684

Profit and loss account
  
286,156
287,518

  
391,940
393,302


Page 1

 


RGS ELECTRONICS LIMITED
REGISTERED NUMBER:06306331


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D L Carpenter
Director

Date: 27 February 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


RGS ELECTRONICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

RGS Electronics 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.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue Recognition
Rental income is recognised in the income statement on a straight line basis over the year in which the rental relates. 

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


RGS ELECTRONICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
394,000



At 31 July 2024
394,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,879
2,318

Other creditors
205
205

Accruals and deferred income
1,170
1,170

4,254
3,693


Page 4

 


RGS ELECTRONICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Related party transactions

At the balance sheet date the company owed £205 (2023: £205) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 5