RCS WALES LIMITED

Company Registration Number:
05968951 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

RCS WALES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

RCS WALES LIMITED

Company Information

for the Period Ended 31 October 2024




Director: R C RYNON
H VARNEY
Registered office: Brynhyfryd, Usk Drive
Gilwern
Abergavenny
Monmouthshire
NP7 0AG
Company Registration Number: 05968951 (England and Wales)

RCS WALES LIMITED

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 134,309 130,892
Total fixed assets: 134,309 130,892
Current assets
Debtors: 46,522 45,843
Cash at bank and in hand: 43,445 43,207
Total current assets: 89,967 89,050
Creditors: amounts falling due within one year: ( 118,880 ) ( 145,360 )
Net current assets (liabilities): ( 28,913 ) ( 56,310 )
Total assets less current liabilities: 105,396 74,582
Total net assets (liabilities): 105,396 74,582

The notes form part of these financial statements

RCS WALES LIMITED

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 105,296 74,482
Shareholders funds: 105,396 74,582

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 February 2025
And Signed On Behalf Of The Board By:

Name: R C RYNON
Status: Director

The notes form part of these financial statements

RCS WALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
    Fixtures & fittings - 10% on cost
    Plant & equipment - 30% on cost
    Motor vehicles - 20% on cost

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work in progress are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

RCS WALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 6 6

RCS WALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

RCS WALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible Assets

Total
Cost £
At 01 November 2023 244,874
Additions 18,720
Disposals -
Revaluations -
Transfers -
At 31 October 2024 263,594
Depreciation
At 01 November 2023 113,982
Charge for year 15,303
On disposals -
Other adjustments -
At 31 October 2024 129,285
Net book value
At 31 October 2024 134,309
At 31 October 2023 130,892