RLM Business Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08939581 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RLM BUSINESS SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L May

SECRETARY:

Ms R May

REGISTERED OFFICE:

43 43

Anne Boleyn's Walk

Cheam

Sutton

SM3 8DE

REGISTERED NUMBER:

08939581 (England and Wales)

ACCOUNTANTS:

AKS Advisers

Fourth & Fifth Floors

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Tangible assets

4

50,104

57,215

CURRENT ASSETS

Debtors

5

2,038

1,714,245

Cash at bank

120,535

140,586

122,573

1,854,831

CREDITORS

Amounts falling due within one year

6

36,436

159,632

NET CURRENT ASSETS

86,137

1,695,199

TOTAL ASSETS LESS CURRENT LIABILITIES

136,241

1,752,414

CREDITORS

Amounts falling due after more than one year

7

29,149

37,643

NET ASSETS

107,092

1,714,771

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

106,992

1,714,671

107,092

1,714,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 16 January 2024 and were signed by:

L May - Director

1.	STATUTORY INFORMATION

Rlm Business Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The company has reasonable cash balances to meet its day to day requirements. The company has reported net current assets for the year ended 31 March 2023 amounting to £86,137 (2022: £1,695,199).

At the time of approving the financial statements, the director has made an assessment and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

80,536

DEPRECIATION

At 1 April 2022

23,321

Charge for year

7,111

At 31 March 2023

30,432

NET BOOK VALUE

At 31 March 2023

50,104

At 31 March 2022

57,215

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

2,038

-

Amounts owed by group undertakings

-

1,714,245

2,038

1,714,245

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

8,464

8,464

Trade creditors

2,099

1

Amounts owed to associates

-

142,632

Taxation and social security

25,621

8,532

Other creditors

252

3

36,436

159,632

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

29,149

37,643

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L May.