IRIS Accounts Production v25.1.0.734 06954663 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069546632023-07-31069546632024-07-31069546632023-08-012024-07-31069546632022-07-31069546632022-08-012023-07-31069546632023-07-3106954663ns15:EnglandWales2023-08-012024-07-3106954663ns14:PoundSterling2023-08-012024-07-3106954663ns10:Director12023-08-012024-07-3106954663ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3106954663ns10:SmallEntities2023-08-012024-07-3106954663ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3106954663ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3106954663ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106954663ns10:FullAccounts2023-08-012024-07-3106954663ns5:CurrentFinancialInstruments2024-07-3106954663ns5:CurrentFinancialInstruments2023-07-3106954663ns5:Non-currentFinancialInstruments2024-07-3106954663ns5:Non-currentFinancialInstruments2023-07-3106954663ns5:ShareCapital2024-07-3106954663ns5:ShareCapital2023-07-3106954663ns5:RetainedEarningsAccumulatedLosses2024-07-3106954663ns5:RetainedEarningsAccumulatedLosses2023-07-3106954663ns10:RegisteredOffice2023-08-012024-07-3106954663ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3106954663ns5:PlantMachinery2023-07-3106954663ns5:FurnitureFittings2023-07-3106954663ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-012024-07-3106954663ns5:PlantMachinery2023-08-012024-07-3106954663ns5:FurnitureFittings2023-08-012024-07-3106954663ns5:LandBuildingsns5:ShortLeaseholdAssets2024-07-3106954663ns5:PlantMachinery2024-07-3106954663ns5:FurnitureFittings2024-07-3106954663ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3106954663ns5:PlantMachinery2023-07-3106954663ns5:FurnitureFittings2023-07-3106954663ns5:MotorVehicles2023-07-3106954663ns5:ComputerEquipment2023-07-3106954663ns5:MotorVehicles2023-08-012024-07-3106954663ns5:ComputerEquipment2023-08-012024-07-3106954663ns5:MotorVehicles2024-07-3106954663ns5:ComputerEquipment2024-07-3106954663ns5:MotorVehicles2023-07-3106954663ns5:ComputerEquipment2023-07-3106954663ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3106954663ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3106954663ns5:DeferredTaxation2023-07-3106954663ns5:DeferredTaxation2024-07-31
REGISTERED NUMBER: 06954663 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

RS DESIGN-ARCHITECT LTD

RS DESIGN-ARCHITECT LTD (REGISTERED NUMBER: 06954663)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


RS DESIGN-ARCHITECT LTD (REGISTERED NUMBER: 06954663)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 90,605 51,656

CURRENT ASSETS
Debtors 5 11,513 11,604
Cash at bank 7,887 2,510
19,400 14,114
CREDITORS
Amounts falling due within one year 6 41,851 26,478
NET CURRENT LIABILITIES (22,451 ) (12,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,154

39,292

CREDITORS
Amounts falling due after more than one
year

7

(55,604

)

(22,878

)

PROVISIONS FOR LIABILITIES 8 (4,600 ) (10,500 )
NET ASSETS 7,950 5,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,850 5,814
7,950 5,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

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 29th April 2025 and were signed by:





R A Silver - Director


RS DESIGN-ARCHITECT LTD (REGISTERED NUMBER: 06954663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

RS Design-Architect Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06954663

Registered office: 115 Surrenden Road
Brighton
East Sussex
BN1 6WB

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised when the work has been performed. Turnover represents amounts invoiced, net of value added tax, and adjusted for the value of work performed to date on contracts at the period end.

When the outcome of a contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the work completed to that date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short Leasehold- 5 years straight line
Fixtures and Fittings- 20% on reducing balance
Computer Equipment- 3 years straight line
Motor Vehicles- 20% on reducing balance
Plant and Machinery- 20% on reducing balance

Within our year the method of depreciating the short leasehold was changed from a reducing balance over six years, to 5 years straight line. As this revised method better reflects the use of the short leasehold and accurately draws down the remaining balance held for this asset.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation.

The short leasehold represents research and development expenditure relating to the studio prototype created by the company that has been capitalised.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.


RS DESIGN-ARCHITECT LTD (REGISTERED NUMBER: 06954663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 year 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.

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

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st August 2023 84,030 16,577 1,518
Additions - - -
Disposals - - -
At 31st July 2024 84,030 16,577 1,518
DEPRECIATION
At 1st August 2023 72,339 3,969 1,217
Charge for year 2,338 2,522 60
Eliminated on disposal - - -
At 31st July 2024 74,677 6,491 1,277
NET BOOK VALUE
At 31st July 2024 9,353 10,086 241
At 31st July 2023 11,691 12,608 301

RS DESIGN-ARCHITECT LTD (REGISTERED NUMBER: 06954663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st August 2023 39,771 16,239 158,135
Additions 69,500 5,055 74,555
Disposals (39,771 ) (3,436 ) (43,207 )
At 31st July 2024 69,500 17,858 189,483
DEPRECIATION
At 1st August 2023 18,560 10,394 106,479
Charge for year 7,108 4,842 16,870
Eliminated on disposal (21,035 ) (3,436 ) (24,471 )
At 31st July 2024 4,633 11,800 98,878
NET BOOK VALUE
At 31st July 2024 64,867 6,058 90,605
At 31st July 2023 21,211 5,845 51,656


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contract 10,000 10,000
Prepayments 1,513 1,604
11,513 11,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,260 9,643
Hire purchase contracts and finance leases 6,210 4,517
Trade creditors 240 120
Taxation and social security 10,991 9,985
Other creditors 19,150 2,213
41,851 26,478

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases 51,220 17,618
Other creditors 4,384 5,260
55,604 22,878

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,600 10,500

RS DESIGN-ARCHITECT LTD (REGISTERED NUMBER: 06954663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st August 2023 10,500
Accelerated capital allowances (5,900 )
Balance at 31st July 2024 4,600