Registered number
04102432
The Replacement Service Limited
Unaudited Filleted Accounts
31 March 2024
The Replacement Service Limited
Registered number: 04102432
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 345,462 471,090
Current assets
Stocks - 4,324
Debtors 4 162,793 187,416
Cash at bank and in hand 24,299 330
187,092 192,070
Creditors: amounts falling due within one year 5 (99,806) (145,492)
Net current assets 87,286 46,578
Total assets less current liabilities 432,748 517,668
Creditors: amounts falling due after more than one year 6 (277,472) (280,983)
Provisions for liabilities (1,793) (1,793)
Net assets 153,483 234,892
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 (86,328) (86,328)
Profit and loss account 239,810 321,219
Shareholder's funds 153,483 234,892
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.
Mr Robin James Hyslop
Director
Approved by the board on 22 May 2025
The Replacement Service Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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.
New Alphabet House which is owed by The Replacement Service has been revalued by a
proffessional independent chartered surveyor at £160,000.00
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings 2% Straight Line
Leasehold land and buildings over the lease term
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 244,276 447,216 7,917 699,409
Surplus on revaluation 86,328 - - 86,328
Disposals (330,604) (105,626) - (436,230)
At 31 March 2024 - 341,590 7,917 349,507
Depreciation
At 1 April 2023 124,276 100,085 3,958 228,319
On disposals (124,276) (99,998) - (224,274)
At 31 March 2024 - 87 3,958 4,045
Net book value
At 31 March 2024 - 341,503 3,959 345,462
At 31 March 2023 120,000 347,131 3,959 471,090
New Alphabet House which had been owned by The Replacement Service has been revalued by a
professional independent chartered surveyor at £120,000.00
The director chose this is the most appropiate value for the fixed asset to be shown in the
accounts rather than cost. This building was disposed of during the year to March 2024
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 157,575 173,025
Other debtors 5,218 14,391
162,793 187,416
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 14,655
Trade creditors - 540
Taxation and social security costs 264 (8,498)
Other creditors 99,542 138,795
99,806 145,492
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 229,472 232,935
Other creditors 48,000 48,048
277,472 280,983
7 Revaluation reserve 2024 2023
£ £
At 1 April 2023 (86,328) (46,328)
Loss on revaluation of land and buildings - (40,000)
At 31 March 2024 (86,328) (86,328)
8 Other information
The Replacement Service Limited is a private company limited by shares and incorporated in England. Its registered office is:
New Alphabet House
Carden Street
Worcester
WR1 2AT
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