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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
Page
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R M I Limited Company Information for the year ended 31 May 2024
Director
R Sharif
Company Number
06262650 (England and Wales)
Registered Office
1 ROSSE STREET BRADFORD WEST YORKSHIRE BD8 9AS
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R M I Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,037,379 
1,141,459 
Current assets
Debtors
37,988 
32,680 
Cash at bank and in hand
53,853 
46,887 
91,841 
79,567 
Creditors: amounts falling due within one year
(1,070,326)
(1,189,552)
Net current liabilities
(978,485)
(1,109,985)
Net assets
58,894 
31,474 
Capital and reserves
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
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R M I Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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R M I Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
614 
5,306 
Amounts due from group undertakings etc.
600 
600 
Other debtors
36,774 
26,774 
37,988 
32,680 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
114,743 
205,293 
VAT
24,254 
16,282 
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 
Accruals
5,975 
3,900 
1,070,326 
1,189,552 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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