Registered number
07978023
RCOG EQUIPMENT RENTAL LIMITED
Filleted Accounts
31 March 2025
RCOG EQUIPMENT RENTAL LIMITED
Registered number: 07978023
Balance Sheet
as at 31 March 2025
Notes 2025 2023
£ £
Current assets
Stocks - 697,815
Debtors 4 3,256 340,250
Cash at bank and in hand 1,795 86,200
5,051 1,124,265
Creditors: amounts falling due within one year 5 1,583,578 (16,695)
Net current assets 1,588,629 1,107,570
Net assets 1,588,629 1,107,570
Capital and reserves
Called up share capital 343,500 343,500
Profit and loss account 1,245,129 764,070
Shareholder's funds 1,588,629 1,107,570
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P H Rocholl
Director
Approved by the board on 1 April 2025
RCOG EQUIPMENT RENTAL LIMITED
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% SL on cost
Office Furniture 33% SL on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer Equipments Office Furniture Total
£ £ £
Cost
At 1 January 2024 866 1,677 2,543
At 31 March 2025 866 1,677 2,543
Depreciation
At 1 January 2024 866 1,677 2,543
Charge for the period - - -
At 31 March 2025 866 1,677 2,543
Net book value
At 31 March 2025 - - -
At 31 December 2023 - - -
4 Debtors 2025 2023
£ £
Trade debtors - 28,502
Prepayments - 104,330
Inter-co Debtors - 136,506
VAT 3,256 669
Deposits and prepayments - 70,243
3,256 340,250
5 Creditors: amounts falling due within one year 2025 2023
£ £
Trade creditors - 13,195
Director's Loan Account (1,583,578) -
Accruals - 3,500
(1,583,578) 16,695
6 Related party transactions
The company has taken advantage of the exemption under FRS 102 Section 33 to not disclose transactions between two or more members of a group where one company is a wholly owned subsidiary.
7 Controlling party
The company is 100% owned by Patrick Rocholl by virtue of his shareholding in the holding company RCOG Holding Limited, a company registered in England and Wales.
8 Other information
RCOG EQUIPMENT RENTAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
46 Chevening Road
London
SE10 0LA
RCOG EQUIPMENT RENTAL LIMITED 07978023 false 2024-01-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 P H Rocholl No description of principal activity 07978023 2023-01-01 2023-12-31 07978023 core:WithinOneYear 2023-12-31 07978023 core:ShareCapital 2023-12-31 07978023 core:RetainedEarningsAccumulatedLosses 2023-12-31 07978023 2024-01-01 2025-03-31 07978023 bus:PrivateLimitedCompanyLtd 2024-01-01 2025-03-31 07978023 bus:AuditExemptWithAccountantsReport 2024-01-01 2025-03-31 07978023 bus:Director40 2024-01-01 2025-03-31 07978023 1 2024-01-01 2025-03-31 07978023 2 2024-01-01 2025-03-31 07978023 core:PlantMachinery 2024-01-01 2025-03-31 07978023 core:Vehicles 2024-01-01 2025-03-31 07978023 countries:England 2024-01-01 2025-03-31 07978023 bus:FRS102 2024-01-01 2025-03-31 07978023 bus:FilletedAccounts 2024-01-01 2025-03-31 07978023 2025-03-31 07978023 core:WithinOneYear 2025-03-31 07978023 core:ShareCapital 2025-03-31 07978023 core:RetainedEarningsAccumulatedLosses 2025-03-31 07978023 core:PlantMachinery 2025-03-31 07978023 core:Vehicles 2025-03-31 07978023 2023-12-31 07978023 core:PlantMachinery 2023-12-31 07978023 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure