RS BAINS LIMITED - Filleted accounts

Registered number

04500132

RS BAINS LIMITED

Filleted Accounts

31 March 2025

RS BAINS LIMITED
Registered number:		04500132
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		17,831			20,315

Current assets
Stocks		58,440			55,928
Debtors	5	636,026			697,072
Cash at bank and in hand		180,440			206,566
		874,906			959,566

Creditors: amounts falling due within one year	6	(821,481)			(853,833)

Net current assets			53,425			105,733

Net assets			71,256			126,048

Capital and reserves
Called up share capital			4			4
Profit and loss account			71,252			126,044

Shareholders' funds			71,256			126,048

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.




Rajbinder Singh Bains
Director
Approved by the board on 17 December 2025

RS BAINS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			Straight line over life of the lease
	Plant and machinery			33% Reducing Balance
	Fixtures, fittings, tools and equipment			15% Reducing Balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					14		12


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							127,706
	At 31 March 2025							127,706

	Amortisation
	At 1 April 2024							127,706
	At 31 March 2025							127,706

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Furniture & Fittings		Total
£			£		£		£
	Cost
	At 1 April 2024	71,674		3,716		23,577		98,967
	Additions	-		-		2,616		2,616
	At 31 March 2025	71,674		3,716		26,193		101,583

	Depreciation
	At 1 April 2024	57,344		3,716		17,592		78,652
	Charge for the year	3,584		-		1,516		5,100
	At 31 March 2025	60,928		3,716		19,108		83,752

	Net book value
	At 31 March 2025	10,746		-		7,085		17,831
	At 31 March 2024	14,330		-		5,985		20,315


5	Debtors					2025		2024
£							£

	Trade debtors					103,009		111,781
	Other debtors					533,017		585,291
						636,026		697,072


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					72,067		64,712
	Corporation tax					1,806		2,593
	Other taxes and social security costs					2,484		525
	Other creditors					745,124		786,003
						821,481		853,833


7	Other information

	RS BAINS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Woodlands Woodlands Lane
	Shorne
	Gravesend
	Kent
	DA12 3HH