Rs Asbestos Ltd 07752044 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is Asbestos treatment. Digita Accounts Production Advanced 6.30.9574.0 true 07752044 2024-09-01 2025-08-31 07752044 2025-08-31 07752044 core:RetainedEarningsAccumulatedLosses 2025-08-31 07752044 core:ShareCapital 2025-08-31 07752044 core:CurrentFinancialInstruments 2025-08-31 07752044 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 07752044 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 07752044 core:MotorVehicles 2025-08-31 07752044 core:OtherPropertyPlantEquipment 2025-08-31 07752044 bus:SmallEntities 2024-09-01 2025-08-31 07752044 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 07752044 bus:FullAccounts 2024-09-01 2025-08-31 07752044 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07752044 bus:RegisteredOffice 2024-09-01 2025-08-31 07752044 bus:Director1 2024-09-01 2025-08-31 07752044 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07752044 core:RetainedEarningsAccumulatedLosses 2024-09-01 2025-08-31 07752044 core:ShareCapital 2024-09-01 2025-08-31 07752044 core:MotorVehicles 2024-09-01 2025-08-31 07752044 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 07752044 countries:England 2024-09-01 2025-08-31 07752044 2024-08-31 07752044 core:RetainedEarningsAccumulatedLosses 2024-08-31 07752044 core:ShareCapital 2024-08-31 07752044 core:MotorVehicles 2024-08-31 07752044 core:OtherPropertyPlantEquipment 2024-08-31 07752044 2023-09-01 2024-08-31 07752044 2024-08-31 07752044 core:CurrentFinancialInstruments 2024-08-31 07752044 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07752044 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07752044 core:MotorVehicles 2024-08-31 07752044 core:OtherPropertyPlantEquipment 2024-08-31 07752044 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 07752044 core:ShareCapital 2023-09-01 2024-08-31 07752044 2023-08-31 07752044 core:RetainedEarningsAccumulatedLosses 2023-08-31 07752044 core:ShareCapital 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 07752044

Rs Asbestos Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025

Rs Asbestos Ltd

Contents

Director's Report | 1
Profit and Loss Account | 2
Balance Sheet | 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 10
Detailed Profit and Loss Account | 11 to 13

Rs Asbestos Ltd

Director's Report for the Year Ended 31 August 2025

The director presents his report and the financial statements for the year ended 31 August 2025.

Director of the company

The director who held office during the year was as follows:

Mr John Pendlebury

Principal activity

The principal activity of the company is Asbestos treatment.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 May 2026

......................................... Mr John Pendlebury Director

Rs Asbestos Ltd

Profit and Loss Account for the Year Ended 31 August 2025

| Note | 2025 £ | 2024 £
Turnover |  | 1,324,877 | 1,026,694
Cost of sales |  | (391,015) | (336,857)
Gross profit |  | 933,862 | 689,837
Administrative expenses |  | (794,790) | (721,187)
Operating profit/(loss) |  | 139,072 | (31,350)
Interest payable and similar expenses |  | (7,405) | (6,372)
Profit/(loss) before tax | 4 | 131,667 | (37,722)
Tax on profit/(loss) |  | (365) | -
Profit/(loss) for the financial year |  | 131,302 | (37,722)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Rs Asbestos Ltd

(Registration number: 07752044)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 74,999 | 65,928
Current assets |  |  |
Stocks | 6 | 32,458 | 44,745
Debtors | 7 | 160,499 | 139,835
Cash at bank and in hand |  | 17,696 | 8,577
|  | 210,653 | 193,157
Creditors: Amounts falling due within one year | 8 | (252,872) | (323,664)
Net current liabilities |  | (42,219) | (130,507)
Total assets less current liabilities |  | 32,780 | (64,579)
Creditors: Amounts falling due after more than one year | 8 | (14,887) | (18,830)
Net assets/(liabilities) |  | 17,893 | (83,409)
Capital and reserves |  |  |
Called up share capital |  | 300 | 300
Retained earnings |  | 17,593 | (83,709)
Shareholders' funds/(deficit) |  | 17,893 | (83,409)

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 12 May 2026

......................................... Mr John Pendlebury Director

Rs Asbestos Ltd

Statement of Changes in Equity for the Year Ended 31 August 2025

| Share capital £ | Retained earnings £ | Total £
At 1 September 2024 | 300 | (83,709) | (83,409)
Profit for the year | - | 131,302 | 131,302
Dividends | - | (30,000) | (30,000)
At 31 August 2025 | 300 | 17,593 | 17,893

| Share capital £ | Retained earnings £ | Total £
At 1 September 2023 | 300 | (45,987) | (45,687)
Loss for the year | - | (37,722) | (37,722)
At 31 August 2024 | 300 | (83,709) | (83,409)

Rs Asbestos Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ground Floor Office
Canal Wharf
Bacup Road
Todmorden
West Yorkshire
OL14 7PN
England

These financial statements were authorised for issue by the director on 12 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Rs Asbestos Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Rs Asbestos Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2024 - 17).

Rs Asbestos Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Profit/loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 14,309 | 15,748

Rs Asbestos Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 78,094 | 55,427 | 133,521
Additions | 25,000 | - | 25,000
Disposals | (9,100) | - | (9,100)
At 31 August 2025 | 93,994 | 55,427 | 149,421
Depreciation
At 1 September 2024 | 36,463 | 31,130 | 67,593
Charge for the year | 10,664 | 3,645 | 14,309
Eliminated on disposal | (7,480) | - | (7,480)
At 31 August 2025 | 39,647 | 34,775 | 74,422
Carrying amount
At 31 August 2025 | 54,347 | 20,652 | 74,999
At 31 August 2024 | 41,631 | 24,297 | 65,928

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 32,458 | 44,745

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 155,099 | 132,035
Prepayments | 5,400 | 3,491
Other debtors | - | 4,309
| 160,499 | 139,835

8 | Creditors

Creditors: amounts falling due within one year

Rs Asbestos Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 102,984 | 157,555
Trade creditors |  | 120,000 | 119,502
Taxation and social security |  | 17,874 | 32,366
Accruals and deferred income |  | 11,323 | 14,241
Other creditors |  | 691 | -
|  | 252,872 | 323,664

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 14,887 | 18,830

Rs Asbestos Ltd

Detailed Profit and Loss Account for the Year Ended 31 August 2025

| 2025 £ | 2024 £
Turnover (analysed below) | 1,324,877 | 1,026,694
Cost of sales (analysed below) | (391,015) | (336,857)
Gross profit | 933,862 | 689,837
Gross profit (%) | 70.49% | 67.19%
Administrative expenses |  |
Employment costs (analysed below) | (571,873) | (494,449)
Establishment costs (analysed below) | (63,005) | (57,885)
General administrative expenses (analysed below) | (128,010) | (127,490)
Finance charges (analysed below) | (16,973) | (21,707)
Depreciation costs (analysed below) | (14,309) | (15,748)
Other expenses (analysed below) | (620) | (3,908)
| (794,790) | (721,187)
Operating profit/(loss) | 139,072 | (31,350)
Interest payable and similar charges (analysed below) | (7,405) | (6,372)
Profit/(loss) before tax | 131,667 | (37,722)

Rs Asbestos Ltd

Detailed Profit and Loss Account for the Year Ended 31 August 2025

| 2025 £ | 2024 £

Turnover |  |
Turnover | 1,324,877 | 1,026,694

Cost of sales
Purchases and direct costs |  |
Opening raw materials | (44,745) | (45,359)
Purchases | (84,985) | (70,153)
Closing raw materials | 32,458 | 44,745
| (97,272) | (70,767)
Other costs |  |
Sample testing | (91,381) | (78,861)
Asbestos disposal | (47,388) | (38,820)
Subcontract cost | (65,972) | (50,500)
Hire costs | (34,131) | (24,928)
Consultancy fees | (52,628) | (56,918)
Commissions paid | (2,243) | (16,063)
| (293,743) | (266,090)
| (391,015) | (336,857)

Employment costs |  |
Wages and salaries | (469,388) | (412,004)
Employers national insurance contributions | (51,054) | (34,923)
Directors salaries | (42,000) | (41,417)
Staff pensions (Defined contribution) | (4,950) | (3,947)
Staff training | (4,481) | (2,158)
| (571,873) | (494,449)

Establishment costs |  |
Rent rates and water | (27,650) | (23,500)
Light and heat | (3,581) | (3,975)
Insurance | (14,050) | (8,355)
Repairs and renewals | (17,724) | (22,055)
| (63,005) | (57,885)

Rs Asbestos Ltd

Detailed Profit and Loss Account for the Year Ended 31 August 2025

| 2025 £ | 2024 £

General administrative expenses |  |
Telephone | (3,121) | (2,567)
Computer software and consumables | (5,292) | (3,913)
Printing, postage and stationery | (8,729) | (8,216)
Sundry expenses | (17,070) | (17,187)
Motor expenses | (61,102) | (54,173)
Travel and subsistence | (21,933) | (22,906)
Advertising | (330) | (10,760)
Accountancy fees | (10,433) | (7,768)
| (128,010) | (127,490)

Finance charges |  |
Factoring charges | (16,870) | (14,753)
Bank charges | (103) | (2,064)
Licence fee | - | (4,890)
| (16,973) | (21,707)

Depreciation costs |  |
Depreciation of plant and machinery | (3,645) | (4,288)
Depreciation of motor vehicles | (10,664) | (11,460)
| (14,309) | (15,748)

Other expenses |  |
(Profit)/loss on disposal of tangible fixed assets | (620) | (3,908)

Interest payable and similar expenses |  |
Bank interest payable | (7,405) | (6,372)