RS Workshop Equipment Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05055596

RS Workshop Equipment Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

RS Workshop Equipment Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

RS Workshop Equipment Limited

Officers and Professional Advisers

THE BOARD OF DIRECTORS	R Milton
	A E Jones
	S Radcliffe

COMPANY SECRETARY	L Gribben

REGISTERED OFFICE	Unit 28
	Barnwell Manor Estate
	Barnwell
	Peterborough
	PE8 5PL

ACCOUNTANTS	Streets
	Chartered Accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

BANKERS	Barclays
	1 Church Street
	Peterborough
	PE1 1XE

RS Workshop Equipment Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	27,860	32,663

Current assets

Stocks		77,869	80,049
Debtors	6	91,175	78,014
Cash at bank and in hand		138,481	122,072
		----------	----------
		307,525	280,135

Creditors: amounts falling due within one year	7	169,634	140,396
		----------	----------
Net current assets		137,891	139,739
		----------	----------
Total assets less current liabilities		165,751	172,402

Provisions

Deferred taxation	5,293	5,902
	----------	----------
Net assets	160,458	166,500
	----------	----------

Capital and reserves

Called up share capital	30,600	30,600
Profit and loss account	129,858	135,900
	----------	----------
Shareholders funds	160,458	166,500
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RS Workshop Equipment Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

R Milton	A E Jones
Director	Director

S Radcliffe
Director

Company registration number: 05055596

RS Workshop Equipment Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 28, Barnwell Manor Estate, Barnwell, Peterborough, PE8 5PL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of value added tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually this is on despatch of the goods. The amount of revenue can be measured and it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the supply of services can be reliably estimated, revenue from services supplied is measured by reference to the stage of completion at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date with any gains or losses being recognised in profit or loss.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution pension plans

The company makes contributions to the personal pension schemes of the directors and its employees. The annual contributions payable are recognised as an expense in the period in which the related services are provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2024	19,344	26,378	20,859	66,581
Additions	–	–	3,759	3,759
	--------	--------	--------	--------
At 31 March 2025	19,344	26,378	24,618	70,340
	--------	--------	--------	--------
Depreciation
At 1 April 2024	12,466	4,979	16,473	33,918
Charge for the year	1,720	5,350	1,492	8,562
	--------	--------	--------	--------
At 31 March 2025	14,186	10,329	17,965	42,480
	--------	--------	--------	--------
Carrying amount
At 31 March 2025	5,158	16,049	6,653	27,860
	--------	--------	--------	--------
At 31 March 2024	6,878	21,399	4,386	32,663
	--------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	85,732	72,842
Other debtors	5,443	5,172
	--------	--------
	91,175	78,014
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	86,210	117,706
Social security and other taxes	32,691	17,270
Other creditors	50,733	5,420
	----------	----------
	169,634	140,396
	----------	----------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	5,293	5,902
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	5,293	5,902
	-------	-------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	14,760	14,520
	--------	--------