IRIS Accounts Production v25.1.4.42 06550425 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065504252023-06-30065504252024-06-30065504252023-07-012024-06-30065504252022-06-30065504252022-07-012023-06-30065504252023-06-3006550425ns15:EnglandWales2023-07-012024-06-3006550425ns14:PoundSterling2023-07-012024-06-3006550425ns10:Director12023-07-012024-06-3006550425ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006550425ns10:SmallEntities2023-07-012024-06-3006550425ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006550425ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006550425ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006550425ns10:FullAccounts2023-07-012024-06-300655042512023-07-012024-06-3006550425ns10:RegisteredOffice2023-07-012024-06-3006550425ns5:CurrentFinancialInstruments2024-06-3006550425ns5:CurrentFinancialInstruments2023-06-3006550425ns5:Non-currentFinancialInstruments2024-06-3006550425ns5:Non-currentFinancialInstruments2023-06-3006550425ns5:ShareCapital2024-06-3006550425ns5:ShareCapital2023-06-3006550425ns5:CapitalRedemptionReserve2024-06-3006550425ns5:CapitalRedemptionReserve2023-06-3006550425ns5:RetainedEarningsAccumulatedLosses2024-06-3006550425ns5:RetainedEarningsAccumulatedLosses2023-06-3006550425ns5:NetGoodwill2023-07-012024-06-3006550425ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006550425ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-06-3006550425ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-012024-06-3006550425ns5:ComputerEquipment2023-07-012024-06-3006550425ns5:NetGoodwill2023-06-3006550425ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3006550425ns5:NetGoodwill2024-06-3006550425ns5:PatentsTrademarksLicencesConcessionsSimilar2024-06-3006550425ns5:NetGoodwill2023-06-3006550425ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3006550425ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3006550425ns5:ComputerEquipment2023-06-3006550425ns5:LandBuildingsns5:ShortLeaseholdAssets2024-06-3006550425ns5:ComputerEquipment2024-06-3006550425ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3006550425ns5:ComputerEquipment2023-06-3006550425ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006550425ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3006550425ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3006550425ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3006550425ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3006550425ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3006550425ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3006550425ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3006550425ns5:Secured2024-06-3006550425ns5:Secured2023-06-30
REGISTERED NUMBER: 06550425 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

RFM PRESTON LTD

RFM PRESTON LTD (REGISTERED NUMBER: 06550425)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RFM PRESTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: P C Newsham





REGISTERED OFFICE: Unit 1 Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD





REGISTERED NUMBER: 06550425 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

RFM PRESTON LTD (REGISTERED NUMBER: 06550425)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 742,830 743,063
Tangible assets 5 - -
742,830 743,063

CURRENT ASSETS
Debtors 6 323,487 1,137,236
Cash at bank and in hand 30 20
323,517 1,137,256
CREDITORS
Amounts falling due within one year 7 446,306 596,683
NET CURRENT (LIABILITIES)/ASSETS (122,789 ) 540,573
TOTAL ASSETS LESS CURRENT LIABILITIES 620,041 1,283,636

CREDITORS
Amounts falling due after more than one
year

8

193,063

270,769
NET ASSETS 426,978 1,012,867

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 602 602
Retained earnings 426,276 1,012,165
SHAREHOLDERS' FUNDS 426,978 1,012,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RFM PRESTON LTD (REGISTERED NUMBER: 06550425)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





P C Newsham - Director


RFM PRESTON LTD (REGISTERED NUMBER: 06550425)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

RFM Preston Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents amounts invoiced, net of value added tax, in respect of work carried out in the provision of services to clients. Revenue is recognised by reference to the stage of completion of work undertaken in the year but not invoiced at the year end. Revenue not billed to clients is included in debtors as accrued income.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Office equipment - 25% on cost

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

RFM PRESTON LTD (REGISTERED NUMBER: 06550425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 July 2023 1,307,243 420 1,307,663
Disposals - (420 ) (420 )
At 30 June 2024 1,307,243 - 1,307,243
AMORTISATION
At 1 July 2023 564,413 187 564,600
Amortisation for year - 233 233
Eliminated on disposal - (420 ) (420 )
At 30 June 2024 564,413 - 564,413
NET BOOK VALUE
At 30 June 2024 742,830 - 742,830
At 30 June 2023 742,830 233 743,063

5. TANGIBLE FIXED ASSETS
Short Office
leasehold equipment Totals
£    £    £   
COST
At 1 July 2023 9,062 82,533 91,595
Additions - 1,019 1,019
Disposals (9,062 ) - (9,062 )
At 30 June 2024 - 83,552 83,552
DEPRECIATION
At 1 July 2023 9,062 82,533 91,595
Charge for year - 1,019 1,019
Eliminated on disposal (9,062 ) - (9,062 )
At 30 June 2024 - 83,552 83,552
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

RFM PRESTON LTD (REGISTERED NUMBER: 06550425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 75,558 107,034
Amounts owed by group undertakings 45,309 952,941
Other debtors 113,813 34,124
Directors' current accounts - 4,226
Prepayments and accrued income 31,232 38,911
265,912 1,137,236

Amounts falling due after more than one year:
Other debtors 57,575 -

Aggregate amounts 323,487 1,137,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 158,354 182,333
Other loans 16,363 -
Trade creditors 25,175 30,942
Amounts owed to group undertakings 133 -
Corporation tax 44,659 44,974
Social security and other taxes 76,278 129,976
Other creditors 18,892 38,872
Directors' current accounts 41,561 54,902
Accruals and deferred income 64,891 114,684
446,306 596,683

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 37,583 41,000
Bank loans - 2-5 years - 37,583
Other loans - 1-2 years 18,077 -
Other loans - 2-5 years 61,717 -
Other loans more 5yrs non-inst - 100,000
Other creditors - 1-2 years 18,000 18,000
Other creditors - 2-5 years 54,000 54,000
Other creditors > 5 years 3,686 20,186
193,063 270,769

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 100,000

RFM PRESTON LTD (REGISTERED NUMBER: 06550425)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 78,583 119,583

Bank loans are secured by a fixed and floating charge over all the assets of the company and personal guarantees by the director.

10. PARENT COMPANY

The parent company is RfM Group Ltd, Unit 1 Guest House Farm, Runshaw Lane, Euxton, Chorley, PR7 6HD.