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
RSL COPIERS LTD
Company Information
for the year ended 30 September 2024
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
RSL COPIERS LTD
Statement of financial position
as at 30 September 2024
Tangible assets
17,291
18,214
Inventories
99,775
117,575
Cash at bank and in hand
22,838
82,132
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)
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
RSL COPIERS LTD
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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.
RSL COPIERS LTD
Notes to the Accounts
for the year ended 30 September 2024
These Financial Statements have been prepared on a going concern basis.
4
Intangible fixed assets
Goodwill
At 30 September 2024
65,000
At 30 September 2024
65,000
5
Tangible fixed assets
Fixtures & fittings
At 30 September 2024
36,438
At 30 September 2024
19,147
At 30 September 2024
17,291
At 30 September 2023
18,214
Amounts falling due within one year
Trade debtors
143,363
128,544
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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
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
This comprises the Government backed Covid Bounce Back Loan
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).
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Average number of employees
During the year the average number of employees was 4 (2023: 4).