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Company Registration No. 10778867 (England and Wales)
RS75 Limited Unaudited accounts for the year ended 31 May 2024
RS75 Limited Unaudited accounts Contents
Page
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RS75 Limited Company Information for the year ended 31 May 2024
Director
Radostina Nikolova
Company Number
10778867 (England and Wales)
Registered Office
The Tea Shed The Green Walberswick Southwold IP18 6TT England
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RS75 Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,889 
4,756 
Current assets
Inventories
2,741 
2,234 
Debtors
10,291 
11,437 
Cash at bank and in hand
2,308 
8,292 
15,340 
21,963 
Creditors: amounts falling due within one year
(69,127)
(45,171)
Net current liabilities
(53,787)
(23,208)
Total assets less current liabilities
(44,898)
(18,452)
Creditors: amounts falling due after more than one year
(2,378)
(4,944)
Provisions for liabilities
Deferred tax
(2,223)
(904)
Net liabilities
(49,499)
(24,300)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(49,500)
(24,301)
Shareholders' funds
(49,499)
(24,300)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 March 2025 and were signed on its behalf by
Radostina Nikolova Director Company Registration No. 10778867
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RS75 Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
RS75 Limited is a private company, limited by shares, registered in England and Wales, registration number 10778867. The registered office is The Tea Shed The Green, Walberswick, Southwold, IP18 6TT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Computer equipment
25% reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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RS75 Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
5,915 
2,407 
8,322 
Additions
4,768 
2,328 
7,096 
At 31 May 2024
10,683 
4,735 
15,418 
Depreciation
At 1 June 2023
3,035 
531 
3,566 
Charge for the year
1,912 
1,051 
2,963 
At 31 May 2024
4,947 
1,582 
6,529 
Net book value
At 31 May 2024
5,736 
3,153 
8,889 
At 31 May 2023
2,880 
1,876 
4,756 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
10,291 
11,437 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,862 
2,918 
VAT
6,986 
9,554 
Taxes and social security
729 
139 
Other creditors
8,990 
95 
Loans from directors
48,996 
29,512 
Accruals
564 
2,953 
69,127 
45,171 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,378 
4,944 
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RS75 Limited Notes to the Accounts for the year ended 31 May 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,223 
904 
2024 
2023 
£ 
£ 
Provision at start of year
904 
792 
Charged to the profit and loss account
1,319 
112 
Provision at end of year
2,223 
904 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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