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REGISTERED NUMBER: SC399694 (Scotland)











































R S Publications Limited

Unaudited Financial Statements

for the Year Ended 28th February 2025






R S Publications Limited (Registered number: SC399694)






Contents of the Financial Statements
for the year ended 28th February 2025




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


R S Publications Limited

Company Information
for the year ended 28th February 2025







Director: R Sked





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Business address: 15 Fawnburn Crescent
Cardrona Village
Peebles
Peeblesshire
EH45 9LG





Registered number: SC399694 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

R S Publications Limited (Registered number: SC399694)

Balance Sheet
28th February 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Intangible assets 4 4,800 5,400
Tangible assets 5 318 424
5,118 5,824

Current assets
Debtors 6 35,795 35,763
Cash at bank 48,132 26,434
83,927 62,197
Creditors
Amounts falling due within one year 7 32,608 34,470
Net current assets 51,319 27,727
Total assets less current liabilities 56,437 33,551

Creditors
Amounts falling due after more than one
year

8

4,984

6,023
Net assets 51,453 27,528

Capital and reserves
Called up share capital 1 1
Retained earnings 51,452 27,527
Shareholders' funds 51,453 27,528

R S Publications Limited (Registered number: SC399694)

Balance Sheet - continued
28th February 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th August 2025 and were signed by:





R Sked - Director


R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements
for the year ended 28th February 2025

1. Statutory information

R S Publications Limited is a private company, limited by shares , registered in Scotland. 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 the total invoice value, excluding value added tax, of advertising space invoiced during the year.

Turnover arising from the provision of advertising space is recognised as the right to consideration is earned.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 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 and depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures, fittings and equipment - 25% Reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - bank loan, trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

The bank loan is initially measured at the present value of future payments, discounted at the market rate of interest, and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements - continued
for the year ended 28th February 2025

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 16 (2024 - 17 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st March 2024
and 28th February 2025 16,000
Amortisation
At 1st March 2024 10,600
Amortisation for year 600
At 28th February 2025 11,200
Net book value
At 28th February 2025 4,800
At 29th February 2024 5,400

R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements - continued
for the year ended 28th February 2025

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st March 2024
and 28th February 2025 2,752
Depreciation
At 1st March 2024 2,328
Charge for year 106
At 28th February 2025 2,434
Net book value
At 28th February 2025 318
At 29th February 2024 424

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 13,804 19,284
Other debtors 21,991 16,479
35,795 35,763

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts 1,092 1,092
Amounts received on account 16,786 18,254
Trade creditors 789 969
Taxation and social security 12,941 13,155
Other creditors 1,000 1,000
32,608 34,470

8. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Bank loans 4,984 6,023

R S Publications Limited (Registered number: SC399694)

Notes to the Financial Statements - continued
for the year ended 28th February 2025

9. Transactions with director

The following advances and credits to the director subsisted during the years ended 28th February 2025 and 29th February 2024:
20252024
Director
Balance outstanding at start of year14,39010,495
Amounts advanced55,21226,446
Amount repaid(49,261)(22,571)
20,34114,390

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.