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Registered number: 05376416
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RM Services (Tool Hire) Limited
Financial statements
Information for filing with the registrar
31 March 2025
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RM Services (Tool Hire) Limited
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Balance sheet
At 31 March 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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RM Services (Tool Hire) Limited
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Balance sheet (continued)
At 31 March 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 December 2025.
Company registered number: 05376416
The notes on pages 3 to 6 form part of these financial statements.
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RM Services (Tool Hire) Limited
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Notes to the financial statements
Year ended 31 March 2025
The company is a private company limited by shares, registered and domiciled in England and Wales. The address of the registered office is 2nd Floor, Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE.
2.Accounting policies
The financial statements have been prepared in accordance with Section 1A of Financial repoorting Standard 102 'The Financial Reporting Standard applicable in the United kingdom and the Republic of Ireland' (FRS102) and the Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and hire services rendered, stated net of discounts and of Value Added Tax.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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RM Services (Tool Hire) Limited
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Notes to the financial statements
Year ended 31 March 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Depreciation is provided on the following basis:
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Freehold property and land
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10 / 20 years straight line, land nil
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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.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
The average monthly number of employees, including directors, during the year was 5 (2024 - 6).
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RM Services (Tool Hire) Limited
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Notes to the financial statements
Year ended 31 March 2025
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Freehold property and land
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Prepayments and accrued income
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RM Services (Tool Hire) Limited
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Notes to the financial statements
Year ended 31 March 2025
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Creditors: amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Included within bank loans is an amount of £8,069 (2024: £8,069) which is secured by a fixed and floating charge over the assets of the company.
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Creditors: amounts falling due after more than one year
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Included within bank loans is an amount of £70,745 (2024: £73,620) which is secured by a fixed and floating charge over the assets of the company.
Included within creditors: amounts falling due after more than one year is an amount of £38,470 (2024: £41,345) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
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