Registered number
SC576048
RIB SUPPORT SERVICES LIMITED
Filleted Accounts
30 September 2024
RIB SUPPORT SERVICES LIMITED
Registered number: SC576048
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Stocks 6,406 -
Debtors 3 47,017 30,167
Cash at bank and in hand 87,596 92,434
141,019 122,601
Creditors: amounts falling due within one year 4 (13,667) (28,462)
Net current assets 127,352 94,139
Net assets 127,352 94,139
Capital and reserves
Called up share capital 1 1
Profit and loss account 127,351 94,138
Shareholder's funds 127,352 94,139
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philip Beckwith
Director
Approved by the board on 24 June 2025
RIB SUPPORT SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Trade debtors 47,017 30,167
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,435 9,422
Taxation and social security costs 11,482 18,290
Other creditors 750 750
13,667 28,462
5 Other information
RIB SUPPORT SERVICES LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
50 Eastmuir Street
Shettleston
Glasgow
G32 0HS
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