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Registered number: 13162932
R&M (Midlands) Ltd
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13162932
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,185 37,571
28,185 37,571
CURRENT ASSETS
Debtors 5 103,005 39,845
Cash at bank and in hand 13,765 34,662
116,770 74,507
Creditors: Amounts Falling Due Within One Year 6 (85,894 ) (35,617 )
NET CURRENT ASSETS (LIABILITIES) 30,876 38,890
TOTAL ASSETS LESS CURRENT LIABILITIES 59,061 76,461
Creditors: Amounts Falling Due After More Than One Year 7 (29,920 ) (42,943 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,046 ) (9,393 )
NET ASSETS 22,095 24,125
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 22,093 24,123
SHAREHOLDERS' FUNDS 22,095 24,125
Page 1
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For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Richard Stone
Director
22/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
R&M (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13162932 . The registered office is 106-108 Ashbourne Road, Derby, DE22 3AG.
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.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2024 49,896 233 50,129
As at 31 January 2025 49,896 233 50,129
Depreciation
As at 1 February 2024 12,474 84 12,558
Provided during the period 9,356 30 9,386
As at 31 January 2025 21,830 114 21,944
Net Book Value
As at 31 January 2025 28,066 119 28,185
As at 1 February 2024 37,422 149 37,571
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 69,135 16,639
Other debtors 33,870 23,206
103,005 39,845
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,638 9,638
Trade creditors 46,875 9,323
Bank loans and overdrafts 2,805 2,226
Taxation and social security 26,576 14,430
85,894 35,617
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 24,095 33,733
Bank loans 5,825 9,210
29,920 42,943
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,638 9,638
Later than one year and not later than five years 24,095 33,733
33,733 43,371
33,733 43,371
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mitchell Lord (5,542 ) (56,813 ) 63,188 - 833
Richard Stone (6,445 ) (56,410 ) 63,188 - 333
The above loan is unsecured, interest free and repayable on demand.
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