| RLS Inventions Ltd |
| Registered number: |
08335014 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Investments held as current assets |
3 |
|
100 |
|
|
100 |
| Cash at bank and in hand |
|
|
32 |
|
|
649 |
|
|
|
132 |
|
|
749 |
|
| Creditors: amounts falling due within one year |
4 |
|
(179) |
|
|
(440) |
|
| Net current (liabilities)/assets |
|
|
|
(47) |
|
|
309 |
|
| Net (liabilities)/assets |
|
|
|
(47) |
|
|
309 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
(47) |
|
|
309 |
|
| Shareholders' funds |
|
|
|
(47) |
|
|
309 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| R L Stephenson |
| Director |
| Approved by the board on 29 September 2025 |
|
| RLS Inventions Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
As explained in note 5 to the financial statements, the company will cease trading on 14 August 2025 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.’ |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments held as current assets |
2024 |
|
2023 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
- |
|
120 |
|
Other creditors |
179 |
|
320 |
|
|
|
|
|
|
179 |
|
440 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
RLS Inventions Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 1, Trinity House |
|
33a Market Street |
|
Lichfield |
|
Staffs |
|
WS13 6LA |
|
|
The business has struggled over the last couple of years and both directors have taken the decision to close the business. There is only one creditor being Vesey Accounting Services Ltd as at time of finalising the accounts for the year ending 31st December 2024 of which the Directors have agreed to settle personally. The other Creditor balance is owed to Director Mr R Stephenson which will be written off as un recoverable. |