RSP Underground Services Ltd

Contents
	Page
Accountants' Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—5

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of RSP Underground Services Ltd For The Year Ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RSP Underground Services Ltd For The Year Ended 28 February 2026 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of RSP Underground Services Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of RSP Underground Services Ltd and state those matters that we have agreed to state to the directors of RSP Underground Services Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RSP Underground Services Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that RSP Underground Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of RSP Underground Services Ltd . You consider that RSP Underground Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of RSP Underground Services Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

13 May 2026

Cooper Adams Ltd

Chartered Accountants

12 Payton Street

Stratford upon Avon

Warwickshire

CV37 6UA

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RSP Underground Services Ltd

Statement of Financial Position

As At 28 February 2026

Statement of Financial Position

Registered number: 15528222

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	3		347,401		137,636

			347,401		137,636
CURRENT ASSETS
Debtors		620,777		337,059
Cash at bank and in hand		21,237		26,535

		642,014		363,594
Creditors: Amounts Falling Due Within One Year		(628,888 )		(296,313 )

NET CURRENT ASSETS (LIABILITIES)			13,126		67,281

TOTAL ASSETS LESS CURRENT LIABILITIES			360,527		204,917

NET ASSETS			360,527		204,917

CAPITAL AND RESERVES
Called up share capital	4		100		100
Income Statement			360,427		204,817

SHAREHOLDERS' FUNDS			360,527		204,917

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RSP Underground Services Ltd

Statement of Financial Position (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Ryan Pearson

Director

13 May 2026

The notes on pages 4 to 5 form part of these financial statements.

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RSP Underground Services Ltd

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & machinery	25% Reducing Balance
Motor vehicles	25% Reducing Balance
Fixtures & fittings	20% Reducing Balance
Computer equipment	33% Reducing Balance

1.4. Financial Instruments

The company’s financial instruments comprise basic financial assets and liabilities, including cash at bank, debtor balances and creditor balances. These are initially recognised at transaction price and subsequently measured at amortised cost. The company does not hold or issue any complex financial instruments.

1.5. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 27 (2025: 12)

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RSP Underground Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

3. Tangible assets

	Plant & machinery	Motor vehicles	Fixtures & fittings	Computer equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2025	45,497	129,244	905	8,740	184,386
Additions	147,289	186,597	5,144	6,933	345,963
Disposals	-	(25,900 )	-	-	(25,900 )

As at 28 February 2026	192,786	289,941	6,049	15,673	504,449

Depreciation
As at 1 March 2025	11,374	32,311	181	2,884	46,750
Provided during the period	45,353	66,026	1,174	4,220	116,773
Disposals	-	(6,475 )	-	-	(6,475 )

As at 28 February 2026	56,727	91,862	1,355	7,104	157,048

Net Book Value
As at 28 February 2026	136,059	198,079	4,694	8,569	347,401

As at 1 March 2025	34,123	96,933	724	5,856	137,636

4. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

	Value	Number	2026	2025
Allotted, called up and fully paid	£		£	£
Ordinary Shares	1.00	95	95	95

Ordinary B shares	1.00	5	5	5




		100	100	100

5. General Information

RSP Underground Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15528222 . The registered office is 4 Abbey Hill, Kenilworth, Warwickshire, CV8 1LW.

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