Registered number
07782738
RS Homes Limited
Filleted Accounts
31 July 2024
RS Homes Limited
Registered number: 07782738
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 18,000 18,000
Tangible assets 4 9,606 11,715
27,606 29,715
Current assets
Debtors 5 190,767 212,421
Cash at bank and in hand 180,219 81,675
370,986 294,096
Creditors: amounts falling due within one year 6 (355,507) (308,214)
Net current assets/(liabilities) 15,479 (14,118)
Net assets 43,085 15,597
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,985 15,497
Shareholders' funds 43,085 15,597
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Thavaruban Thavanesan
Director
Approved by the board on 25 June 2025
RS Homes Limited
Notes to the Accounts
for the year ended 31 July 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 18% reducing balance
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 30,000
At 31 July 2024 30,000
Amortisation
At 1 August 2023 12,000
At 31 July 2024 12,000
Net book value
At 31 July 2024 18,000
At 31 July 2023 18,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 29,924
At 31 July 2024 29,924
Depreciation
At 1 August 2023 18,209
Charge for the year 2,109
At 31 July 2024 20,318
Net book value
At 31 July 2024 9,606
At 31 July 2023 11,715
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 95,691 111,858
Other debtors 95,076 100,563
190,767 212,421
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,542 14,552
Trade creditors 22,454 29,269
Corporation tax 9,666 5,640
Other taxes and social security costs 20,325 20,558
Other creditors 293,520 238,195
355,507 308,214
7 Other information
RS Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
50
Coldharbour Lane
Hayes
Middlesex
UB3 3EP
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