Company Registration No. 06262650 (England and Wales)
R M I Limited
Unaudited accounts
for the year ended 31 May 2024
R M I Limited
Unaudited accounts
Contents
R M I Limited
Company Information
for the year ended 31 May 2024
Company Number
06262650 (England and Wales)
Registered Office
1 ROSSE STREET
BRADFORD
WEST YORKSHIRE
BD8 9AS
R M I Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,037,379
1,141,459
Cash at bank and in hand
53,853
46,887
Creditors: amounts falling due within one year
(1,070,326)
(1,189,552)
Net current liabilities
(978,485)
(1,109,985)
Called up share capital
1
1
Profit and loss account
58,893
31,473
Shareholders' funds
58,894
31,474
For the year ending 31 May 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 May 2025 and were signed on its behalf by
R Sharif
Director
Company Registration No. 06262650
R M I Limited
Notes to the Accounts
for the year ended 31 May 2024
R M I Limited is a private company, limited by shares, registered in England and Wales, registration number 06262650. The registered office is 1 ROSSE STREET, BRADFORD, WEST YORKSHIRE, BD8 9AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
497,371
1,737,012
41,992
966
2,277,341
Additions
-
186,720
-
-
186,720
Disposals
-
(146,298)
-
-
(146,298)
At 31 May 2024
497,371
1,777,434
41,992
966
2,317,763
At 1 June 2023
113,591
988,728
32,597
966
1,135,882
Charge for the year
9,947
223,154
2,273
-
235,374
On disposals
-
(90,872)
-
-
(90,872)
At 31 May 2024
123,538
1,121,010
34,870
966
1,280,384
At 31 May 2024
373,833
656,424
7,122
-
1,037,379
At 31 May 2023
383,780
748,284
9,395
-
1,141,459
R M I Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
600
600
Other debtors
36,774
26,774
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
114,743
205,293
Obligations under finance leases and hire purchase contracts
570,541
662,726
Trade creditors
94,540
101,251
Taxes and social security
88,958
33,022
Other creditors
13,631
39,270
Loans from directors
157,684
127,808
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).