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Company Registration No. 08267367 (England and Wales)
RSL COPIERS LTD Unaudited accounts for the year ended 30 September 2024
RSL COPIERS LTD Unaudited accounts Contents
Page
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RSL COPIERS LTD Company Information for the year ended 30 September 2024
Director
Mr Robert Quinn
Secretary
Mrs Sharon Quinn
Company Number
08267367 (England and Wales)
Registered Office
48 Beechcroft Road Bushey Herts WD23 2JU
Accountants
Fielding Accountancy Services Ltd 48 Beechcroft Road Bushey Herts WD23 2JU
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RSL COPIERS LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,291 
18,214 
Current assets
Inventories
99,775 
117,575 
Debtors
144,863 
130,126 
Cash at bank and in hand
22,838 
82,132 
267,476 
329,833 
Creditors: amounts falling due within one year
(183,422)
(210,005)
Net current assets
84,054 
119,828 
Total assets less current liabilities
101,345 
138,042 
Creditors: amounts falling due after more than one year
(16,667)
(26,667)
Provisions for liabilities
Deferred tax
(3,460)
(3,460)
Net assets
81,218 
107,915 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
81,118 
107,815 
Shareholders' funds
81,218 
107,915 
For the year ending 30 September 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 February 2025 and were signed on its behalf by
Mr Robert Quinn Director Company Registration No. 08267367
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RSL COPIERS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
RSL COPIERS LTD is a private company, limited by shares, registered in England and Wales, registration number 08267367. The registered office is 48 Beechcroft Road, Bushey, Herts, WD23 2JU.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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RSL COPIERS LTD Notes to the Accounts for the year ended 30 September 2024
Going concern
These Financial Statements have been prepared on a going concern basis.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
65,000 
At 30 September 2024
65,000 
Amortisation
At 1 October 2023
65,000 
At 30 September 2024
65,000 
Net book value
At 30 September 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2023
34,751 
Additions
1,687 
At 30 September 2024
36,438 
Depreciation
At 1 October 2023
16,537 
Charge for the year
2,610 
At 30 September 2024
19,147 
Net book value
At 30 September 2024
17,291 
At 30 September 2023
18,214 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
143,363 
128,544 
Other debtors
1,500 
1,582 
144,863 
130,126 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
83,427 
82,907 
Taxes and social security
25,259 
39,710 
Other creditors
17,770 
30,370 
Loans from directors
56,966 
57,018 
183,422 
210,005 
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RSL COPIERS LTD Notes to the Accounts for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,667 
26,667 
This comprises the Government backed Covid Bounce Back Loan
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
Dividends paid to the Director during the year £50000 (2023 £60000).
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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