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REGISTERED NUMBER: 04739797 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 30 SEPTEMBER 2024

FOR

RSBC LIMITED

RSBC LIMITED (REGISTERED NUMBER: 04739797)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RSBC LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 30 SEPTEMBER 2024







DIRECTOR: Mr R Skitch



SECRETARY: Mrs E Skitch



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 04739797 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays Bank Plc
6-8 Palace Avenue
Paignton
Devon
TQ3 3ET

RSBC LIMITED (REGISTERED NUMBER: 04739797)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 400
Tangible assets 5 3,678 4,716
3,678 5,116

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 23,680 31,168
Cash at bank 106,410 197,193
130,590 228,861
CREDITORS
Amounts falling due within one year 8 120,189 224,489
NET CURRENT ASSETS 10,401 4,372
TOTAL ASSETS LESS CURRENT LIABILITIES 14,079 9,488

PROVISIONS FOR LIABILITIES 699 8,269
NET ASSETS 13,380 1,219

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,378 1,217
SHAREHOLDERS' FUNDS 13,380 1,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RSBC LIMITED (REGISTERED NUMBER: 04739797)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr R Skitch - Director


RSBC LIMITED (REGISTERED NUMBER: 04739797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

RSBC 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

RSBC LIMITED (REGISTERED NUMBER: 04739797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 30 September 2024 24,000
AMORTISATION
At 1 June 2023 23,600
Amortisation for period 400
At 30 September 2024 24,000
NET BOOK VALUE
At 30 September 2024 -
At 31 May 2023 400

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 4,426 28,423 1,818 34,667
Additions 562 - - 562
At 30 September 2024 4,988 28,423 1,818 35,229
DEPRECIATION
At 1 June 2023 1,675 27,018 1,258 29,951
Charge for period 883 468 249 1,600
At 30 September 2024 2,558 27,486 1,507 31,551
NET BOOK VALUE
At 30 September 2024 2,430 937 311 3,678
At 31 May 2023 2,751 1,405 560 4,716

RSBC LIMITED (REGISTERED NUMBER: 04739797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 SEPTEMBER 2024


6. STOCKS
2024 2023
£    £   
Stocks 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 17,733
Amounts recoverable on contract 20,000 8,638
Other debtors - 155
Prepayments 3,680 4,642
23,680 31,168

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,814 8,914
Tax 8,574 15,186
Social security and other taxes 597 1,166
VAT 6,054 7,163
Other creditors 7,021 1,344
Directors' current accounts 86,854 188,432
Accrued expenses 2,275 2,284
120,189 224,489

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 May 2023:

2024 2023
£    £   
Mr R Skitch
Balance outstanding at start of period (188,432 ) (180,568 )
Amounts advanced 143,359 25,269
Amounts repaid (41,782 ) (33,133 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (86,855 ) (188,432 )

Loans are unsecured and repayable on demand. Interest is charged at 10% in the year on credit loan balances.

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £14,000 (2023 - £16,000) were paid to the director .

The wife of the director, Mrs E Skitch, who is also a shareholder, was paid dividends of £14,000 (2023: £16,000).