The Replacement Service Limited
|
Registered number: |
04102432
|
Balance Sheet |
as at 31 March 2022
|
|
Notes |
|
|
2022 |
|
|
2021 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
510,880 |
|
|
567,713 |
|
Current assets |
Debtors |
4 |
|
193,913 |
|
|
119,203 |
Cash at bank and in hand |
|
|
330 |
|
|
233,696 |
|
|
|
194,243 |
|
|
352,899 |
|
Creditors: amounts falling due within one year |
5 |
|
(31,023) |
|
|
(62,231) |
|
Net current assets |
|
|
|
163,220 |
|
|
290,668 |
|
Total assets less current liabilities |
|
|
|
674,100 |
|
|
858,381 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(343,563) |
|
|
(366,500) |
|
Provisions for liabilities |
|
|
|
(1,793) |
|
|
(1,793) |
|
|
Net assets |
|
|
|
328,744 |
|
|
490,088 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Revaluation reserve |
7 |
|
|
(46,328) |
|
|
- |
Profit and loss account |
|
|
|
375,071 |
|
|
490,087 |
|
Shareholder's funds |
|
|
|
328,744 |
|
|
490,088 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his 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.
|
|
|
|
|
Mr Robin James Hyslop |
Director |
Approved by the board on 24 November 2022
|
|
The Replacement Service Limited
|
Notes to the Accounts |
for the year ended 31 March 2022
|
|
|
1 |
Accounting policies |
|
|
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.
|
|
New Alphabet House which is owed by The Replacement Service has been revalued by a |
|
proffessional independent chartered surveyor at £160,000.00 |
|
|
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 |
2% Straight Line |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
25% Reducing Balance |
|
Fixtures, fittings, tools and equipment |
25% Reducing Balance |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
|
|
|
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.
|
|
|
2 |
Employees |
2022 |
|
2021 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
6 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2021 |
330,604 |
|
447,006 |
|
7,917 |
|
785,527 |
|
Surplus on revaluation |
(46,328) |
|
- |
|
- |
|
(46,328) |
|
At 31 March 2022 |
284,276 |
|
447,006 |
|
7,917 |
|
739,199 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2021 |
117,664 |
|
98,171 |
|
1,979 |
|
217,814 |
|
Charge for the year |
6,612 |
|
1,914 |
|
1,979 |
|
10,505 |
|
At 31 March 2022 |
124,276 |
|
100,085 |
|
3,958 |
|
228,319 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2022 |
160,000 |
|
346,921 |
|
3,959 |
|
510,880 |
|
At 31 March 2021 |
212,940 |
|
348,835 |
|
5,938 |
|
567,713 |
|
|
New Alphabet House which is owed by The Replacement Service has been revalued by a |
|
proffessional independent chartered surveyor at £160,000.00 |
|
The director chose this is the most appropiate value for the fixed asset to be shown in the |
|
accounts rather than cost |
4 |
Debtors |
2022 |
|
2021 |
£ |
£ |
|
|
Trade debtors |
- |
|
2,566 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
185,979 |
|
104,623 |
|
Other debtors |
7,934 |
|
12,014 |
|
|
|
|
|
|
193,913 |
|
119,203 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans and overdrafts |
7,019 |
|
- |
|
Trade creditors |
- |
|
6,497 |
|
Taxation and social security costs |
2,321 |
|
7,130 |
|
Other creditors |
21,683 |
|
48,604 |
|
|
|
|
|
|
31,023 |
|
62,231 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
£ |
£ |
|
|
Bank loans |
295,563 |
|
300,000 |
|
Other creditors |
48,000 |
|
66,500 |
|
|
|
|
|
|
343,563 |
|
366,500 |
|
|
|
|
|
|
|
|
|
|
7 |
Revaluation reserve |
2022 |
|
2021 |
£ |
£ |
|
|
Loss on revaluation of land and buildings |
(46,328) |
|
- |
|
|
At 31 March 2022 |
(46,328) |
|
- |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
The Replacement Service Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
New Alphabet House |
|
Carden Street |
|
Worcester |
|
WR1 2AT |