REGISTERED NUMBER: 02802948 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R.M.S. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Halcrow

Ms K A Smith

Mr S Hudson-Smith

SECRETARY:

Mr S Hudson-Smith

REGISTERED OFFICE:

Milton Court

East Portway

Andover

Hampshire

SP10 3LU

REGISTERED NUMBER:

02802948 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Joyce FCCA

AUDITORS:

Hysons Audit Services Ltd, Statutory Auditor

14 London Street

Andover

Hampshire

SP10 2PA

FIXED ASSETS

Tangible assets

5

881,461

871,502

CURRENT ASSETS

Stocks

267,553

415,495

Debtors

6

795,228

671,295

Cash at bank and in hand

318,070

597,499

1,380,851

1,684,289

CREDITORS

Amounts falling due within one year

7

950,719

648,693

NET CURRENT ASSETS

430,132

1,035,596

TOTAL ASSETS LESS CURRENT LIABILITIES

1,311,593

1,907,098

CREDITORS

Amounts falling due after more than one year

8

(109,790

)

(167,027

)

PROVISIONS FOR LIABILITIES

-

(1,962

)

NET ASSETS

1,201,803

1,738,109

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,200,803

1,737,109

1,201,803

1,738,109

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mr S Hudson-Smith - Director

1.	STATUTORY INFORMATION

R.M.S. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance, 15% on reducing balance and 10% on cost

Motor vehicles

-

25% on cost

Office and computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 29 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

556,975

394,896

250,374

Additions

-

2,272

130,836

Disposals

-

-

(44,255

)

Reclassification/transfer

-

8,977

-

At 31 December 2024

556,975

406,145

336,955

DEPRECIATION

At 1 January 2024

75,197

205,409

227,154

Charge for year

11,140

39,660

12,506

Eliminated on disposal

-

-

(35,769

)

Reclassification/transfer

-

8,977

-

At 31 December 2024

86,337

254,046

203,891

NET BOOK VALUE

At 31 December 2024

470,638

152,099

133,064

At 31 December 2023

481,778

189,487

23,220

Office

and

Motor

computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

367,559

29,707

1,599,511

Additions

20,155

1,242

154,505

Disposals

(21,250

)

-

(65,505

)

Reclassification/transfer

-

-

8,977

At 31 December 2024

366,464

30,949

1,697,488

DEPRECIATION

At 1 January 2024

204,431

15,818

728,009

Charge for year

67,090

5,664

136,060

Eliminated on disposal

(21,250

)

-

(57,019

)

Reclassification/transfer

-

-

8,977

At 31 December 2024

250,271

21,482

816,027

NET BOOK VALUE

At 31 December 2024

116,193

9,467

881,461

At 31 December 2023

163,128

13,889

871,502

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

174,462

DEPRECIATION

At 1 January 2024

55,781

Charge for year

43,616

At 31 December 2024

99,397

NET BOOK VALUE

At 31 December 2024

75,065

At 31 December 2023

118,681

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

581,197

460,128

Amounts owed by group undertakings

30,000

46,240

Other debtors

200

47,525

Tax

76,497

78,018

VAT

18,130

-

Prepayments

89,204

39,384

795,228

671,295

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

25,568

25,568

Hire purchase contracts

34,676

30,195

Trade creditors

781,358

497,947

Amounts owed to group undertakings

1,222

-

Social security and other taxes

16,714

18,437

VAT

-

40,704

Other creditors

14,540

3,083

Accruals and deferred income

76,641

32,759

950,719

648,693

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

64,183

82,263

Hire purchase contracts

45,607

84,764

109,790

167,027

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

89,751

107,831

Hire purchase contracts

80,283

114,959

170,034

222,790

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Joyce FCCA (Senior Statutory Auditor)

for and on behalf of Hysons Audit Services Ltd, Statutory Auditor

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Hudson Cable Management GroupLimited.

The ultimate controlling party is Mr S Hudson-Smith.