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Company registration number: 14936681
RMP Manufacturing Ltd
Unaudited filleted financial statements
30 June 2024
RMP Manufacturing Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
RMP Manufacturing Ltd
Directors and other information
Directors Liane Hardcastle
Joseph Phillips
Company number 14936681
Registered office Unit 36 & 37
Chancery Gate Business Centre
Goulds Close
Milton Keynes
MK1 1EQ
Business address Unit 36 & 37
Chancery Gate Business Centre
Gould Close
Milton Keynes
MK1 1EQ
Accountants Hicks and Company
Chartered Accountants and Tax Specialists
83 High Street
Hemel Hempstead
Hertfordshire
HP1 3AH
RMP Manufacturing Ltd
Statement of financial position
30 June 2024
2024
Note £ £
Fixed assets
Tangible assets 5 250,502
_______
250,502
Current assets
Debtors 6 102,512
Cash at bank and in hand 32,833
_______
135,345
Creditors: amounts falling due
within one year 7 ( 338,316)
_______
Net current liabilities ( 202,971)
_______
Total assets less current liabilities 47,531
Creditors: amounts falling due
after more than one year 8 ( 185,241)
_______
Net liabilities ( 137,710)
_______
Capital and reserves
Profit and loss account ( 137,710)
_______
Shareholders deficit ( 137,710)
_______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Liane Hardcastle
Director
Company registration number: 14936681
RMP Manufacturing Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 36 & 37, Chancery Gate Business Centre, Goulds Close, Milton Keynes, MK1 1EQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2
The aggregate payroll costs incurred during the year were:
2024
£
Wages and salaries 9,998
Social security costs 1,006
_______
11,004
_______
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 July 2023 - - -
Additions 330,389 3,615 334,004
_______ _______ _______
At 30 June 2024 330,389 3,615 334,004
_______ _______ _______
Depreciation
At 1 July 2023 - - -
Charge for the year 82,598 904 83,502
_______ _______ _______
At 30 June 2024 82,598 904 83,502
_______ _______ _______
Carrying amount
At 30 June 2024 247,791 2,711 250,502
_______ _______ _______
6. Debtors
2024
£
Other debtors 102,512
_______
7. Creditors: amounts falling due within one year
2024
£
Bank loans and overdrafts 122,809
Trade creditors 50,585
Other creditors 164,922
_______
338,316
_______
8. Creditors: amounts falling due after more than one year
2024
£
Other creditors 185,241
_______