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Registered Number: 15277078
England and Wales

 

 

 

RS MERCH SOLUTIONS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2024

End date: 30 November 2025

RS Merch Solutions Ltd
Contents Page
For the year ended 30 November 2025
Director Sean Kiilu
Registered Number 15277078
Registered Office 86-90 Paul Street
London, England
EC2A 4NE
Accountants Smith & Johnson Limited
7 Bell Yard
London
WC2A 2JR
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 30 November 2025.
Principal activities
Principal activity of the company during the financial year was the production and sale of custom merchandise and apparel.
Director
The director who served the company throughout the year was as follows:
Sean Kiilu
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Sean Kiilu
Director

Date approved: 27 February 2026
2
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 2,332    0 
2,332    0 
Current assets      
Debtors 4 6,502    150 
Cash at bank and in hand 248    97 
6,750    247 
Creditors: amount falling due within one year 5 (10,642)   (3,534)
Net current assets (3,892)   (3,287)
 
Total assets less current liabilities (1,560)   (3,287)
Net assets (1,560)   (3,287)
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account (1,561)   (3,288)
Shareholders' funds (1,560)   (3,287)
 


For the year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 February 2026 and were signed by:


-------------------------------
Sean Kiilu
Director
3
General Information
RS Merch Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 15277078, registration address 86-90 Paul Street, London, England, EC2A 4NE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A Small Entities, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The director has assessed the company's ability to continue as a going concern and is satisfied that it is appropriate to prepare the financial statements on this basis. The director has taken into account the company's net liability position at the balance sheet date, the continued financial support available to the company, and its trading performance since the year end.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company's liability for current tax is calculated 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 that have originated but not reversed at the balance sheet date, except where the differences are permanent. No deferred tax has been recognised in the current year as any timing differences arising are considered immaterial.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Years Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 December 2024 -    - 
Additions 2,998    2,998 
Disposals -    - 
At 30 November 2025 2,998    2,998 
Depreciation
At 01 December 2024 -    - 
Charge for year 666    666 
On disposals -    - 
At 30 November 2025 666    666 
Net book values
Closing balance as at 30 November 2025 2,332    2,332 
Opening balance as at 01 December 2024 -    - 


4.

Debtors: amounts falling due within one year

2025
£		   2024
£
Prepayments & Accrued Income 413    150 
Other Debtors 1,320    0 
VAT 329    0 
Directors' Current Accounts 4,440    0 
6,502    150 

5.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 8,333    0 
Accrued Expenses 225    1,735 
Other Creditors 2,084    0 
Directors' Current Accounts 0    1,276 
VAT 0    523 
10,642    3,534 
Other Creditors
Other creditors includes £1,966 due under an instalment finance agreement for computer equipment.

6.

Related Party Transactions

During the year, the director's loan account was overdrawn by a maximum of £14,967 (2024: in credit by £1,276) and, after recognising £6,633 of business mileage due to the director for journeys undertaken on company business, stood at £4,440 overdrawn at the year end. The loan was unsecured, interest-free, and repayable on demand, and was repaid in full in cash after the year end.
7.

Post Balance Sheet Event

Subsequent to the year end, the director's loan account was repaid in full in cash. As this occurred after the reporting date, it does not affect the amounts recognised in these financial statements.
4