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Registered number: 08620495
R.M.B Dynamic Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Enterprise Chartered Certified Accountants
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of R.M.B Dynamic Solutions Limited for the year ended 31 July 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of R.M.B Dynamic Solutions Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of R.M.B Dynamic Solutions Limited , as a body, in accordance with the terms of our engagement letter dated 15 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of R.M.B Dynamic Solutions Limited and state those matters that we have agreed to state to the director of R.M.B Dynamic Solutions Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.M.B Dynamic Solutions Limited and its director as a body for our work or for this report.
It is your duty to ensure that R.M.B Dynamic Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of R.M.B Dynamic Solutions Limited . You consider that R.M.B Dynamic Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of R.M.B Dynamic Solutions Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
15/04/2025
Enterprise Chartered Certified Accountants
ACCA
8 Castlegate
Tickhill
Doncaster
DN11 9QU
Page 1
Page 2
Balance Sheet
Registered number: 08620495
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,566 18,368
Investment Properties 5 169,000 155,000
183,566 173,368
CURRENT ASSETS
Stocks 6 25,033 3,055
Debtors 7 221,307 175,760
Cash at bank and in hand 31,459 97,407
277,799 276,222
Creditors: Amounts Falling Due Within One Year 8 (31,603 ) (67,635 )
NET CURRENT ASSETS (LIABILITIES) 246,196 208,587
TOTAL ASSETS LESS CURRENT LIABILITIES 429,762 381,955
NET ASSETS 429,762 381,955
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 (6,238 ) (20,238 )
Profit and Loss Account 435,900 402,093
SHAREHOLDERS' FUNDS 429,762 381,955
Page 2
Page 3
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Roland Beecham
Director
15/04/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
R.M.B Dynamic Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08620495 . The registered office is 8 Castlegate, Tickhill, Doncaster, South Yorkshire, DN11 9QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 3 Year Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 August 2023 13,966 47,055 3,439 64,460
Additions 300 - - 300
As at 31 July 2024 14,266 47,055 3,439 64,760
Depreciation
As at 1 August 2023 7,930 35,585 2,577 46,092
Provided during the period 950 2,868 284 4,102
As at 31 July 2024 8,880 38,453 2,861 50,194
Net Book Value
As at 31 July 2024 5,386 8,602 578 14,566
As at 1 August 2023 6,036 11,470 862 18,368
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 155,000
Revaluations 14,000
As at 31 July 2024 169,000
6. Stocks
2024 2023
£ £
Work in progress 25,033 3,055
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,055 13,444
Other debtors 175,252 162,316
221,307 175,760
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,125 1,124
Taxation and social security 30,478 66,511
31,603 67,635
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 August 2023 (20,238 )
Surplus on revaluation 14,000
As at 31 July 2024 (6,238 )
11. Ultimate Controlling Party
The company's ultimate controlling party is the Director by virtue of his ownership of 100% of the issued share capital in the company.
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