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REGISTERED NUMBER: 05969745 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

RLS Restoration Limited

RLS Restoration Limited (Registered number: 05969745)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RLS Restoration Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr S Payne
Mrs R Payne





SECRETARY: Mrs R Payne





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
NG34 7PE





REGISTERED NUMBER: 05969745 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

RLS Restoration Limited (Registered number: 05969745)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 11,723 20,937
11,723 20,937

CURRENT ASSETS
Debtors 6 115,529 131,743
Cash at bank 8,672 509
124,201 132,252
CREDITORS
Amounts falling due within one year 7 126,201 131,299
NET CURRENT (LIABILITIES)/ASSETS (2,000 ) 953
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,723

21,890

CREDITORS
Amounts falling due after more than one
year

8

(6,346

)

(16,749

)

PROVISIONS FOR LIABILITIES (2,931 ) (4,838 )
NET ASSETS 446 303

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 346 203
SHAREHOLDERS' FUNDS 446 303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:




Mrs R Payne - Director


RLS Restoration Limited (Registered number: 05969745)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

RLS Restoration Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RLS Restoration Limited (Registered number: 05969745)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 35,000
AMORTISATION
At 1 November 2023
and 31 October 2024 35,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 63,308 2,951 46,140 112,399
Additions 670 - - 670
At 31 October 2024 63,978 2,951 46,140 113,069
DEPRECIATION
At 1 November 2023 53,009 2,320 36,133 91,462
Charge for year 2,617 531 6,736 9,884
At 31 October 2024 55,626 2,851 42,869 101,346
NET BOOK VALUE
At 31 October 2024 8,352 100 3,271 11,723
At 31 October 2023 10,299 631 10,007 20,937

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,349 55,037
Other debtors 105,180 76,706
115,529 131,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,797 52,460
Trade creditors 37,476 44,413
Taxation and social security 25,328 24,176
Other creditors 5,600 10,250
126,201 131,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,346 16,749

RLS Restoration Limited (Registered number: 05969745)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

Mr S Payne and Mrs R Payne control the company by way of their 100% ownership of the share capital.