2022-04-012023-03-312023-03-31false07540714Rudiemods Limited2023-07-20iso4217:GBPxbrli:pure075407142022-04-01075407142023-03-31075407142022-04-012023-03-31075407142021-04-01075407142022-03-31075407142021-04-012022-03-3107540714bus:SmallEntities2022-04-012023-03-3107540714bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3107540714bus:FullAccounts2022-04-012023-03-3107540714bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107540714core:WithinOneYear2023-03-3107540714core:AfterOneYear2023-03-3107540714core:WithinOneYear2022-03-3107540714core:AfterOneYear2022-03-3107540714core:ShareCapital2023-03-3107540714core:SharePremium2023-03-3107540714core:RevaluationReserve2023-03-3107540714core:OtherReservesSubtotal2023-03-3107540714core:RetainedEarningsAccumulatedLosses2023-03-3107540714core:ShareCapital2022-03-3107540714core:SharePremium2022-03-3107540714core:RevaluationReserve2022-03-3107540714core:OtherReservesSubtotal2022-03-3107540714core:RetainedEarningsAccumulatedLosses2022-03-3107540714core:LandBuildings2023-03-3107540714core:PlantMachinery2023-03-3107540714core:Vehicles2023-03-3107540714core:FurnitureFittings2023-03-3107540714core:OfficeEquipment2023-03-3107540714core:NetGoodwill2023-03-3107540714core:IntangibleAssetsOtherThanGoodwill2023-03-3107540714core:ListedExchangeTraded2023-03-3107540714core:UnlistedNon-exchangeTraded2023-03-3107540714core:LandBuildings2022-03-3107540714core:PlantMachinery2022-03-3107540714core:Vehicles2022-03-3107540714core:FurnitureFittings2022-03-3107540714core:OfficeEquipment2022-03-3107540714core:NetGoodwill2022-03-3107540714core:IntangibleAssetsOtherThanGoodwill2022-03-3107540714core:ListedExchangeTraded2022-03-3107540714core:UnlistedNon-exchangeTraded2022-03-3107540714core:LandBuildings2022-04-012023-03-3107540714core:PlantMachinery2022-04-012023-03-3107540714core:Vehicles2022-04-012023-03-3107540714core:FurnitureFittings2022-04-012023-03-3107540714core:OfficeEquipment2022-04-012023-03-3107540714core:NetGoodwill2022-04-012023-03-3107540714core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107540714core:ListedExchangeTraded2022-04-012023-03-3107540714core:UnlistedNon-exchangeTraded2022-04-012023-03-3107540714core:MoreThanFiveYears2022-04-012023-03-3107540714core:Non-currentFinancialInstruments2023-03-3107540714core:Non-currentFinancialInstruments2022-03-3107540714dpl:CostSales2022-04-012023-03-3107540714dpl:DistributionCosts2022-04-012023-03-3107540714dpl:AdministrativeExpenses2022-04-012023-03-3107540714core:LandBuildings2022-04-012023-03-3107540714core:PlantMachinery2022-04-012023-03-3107540714core:Vehicles2022-04-012023-03-3107540714core:FurnitureFittings2022-04-012023-03-3107540714core:OfficeEquipment2022-04-012023-03-3107540714core:NetGoodwill2022-04-012023-03-3107540714core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107540714dpl:GroupUndertakings2022-04-012023-03-3107540714dpl:ParticipatingInterests2022-04-012023-03-3107540714dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107540714core:ListedExchangeTraded2022-04-012023-03-3107540714dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107540714core:UnlistedNon-exchangeTraded2022-04-012023-03-3107540714dpl:CostSales2021-04-012022-03-3107540714dpl:DistributionCosts2021-04-012022-03-3107540714dpl:AdministrativeExpenses2021-04-012022-03-3107540714core:LandBuildings2021-04-012022-03-3107540714core:PlantMachinery2021-04-012022-03-3107540714core:Vehicles2021-04-012022-03-3107540714core:FurnitureFittings2021-04-012022-03-3107540714core:OfficeEquipment2021-04-012022-03-3107540714core:NetGoodwill2021-04-012022-03-3107540714core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107540714dpl:GroupUndertakings2021-04-012022-03-3107540714dpl:ParticipatingInterests2021-04-012022-03-3107540714dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3107540714core:ListedExchangeTraded2021-04-012022-03-3107540714dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3107540714core:UnlistedNon-exchangeTraded2021-04-012022-03-3107540714core:NetGoodwill2023-03-3107540714core:IntangibleAssetsOtherThanGoodwill2023-03-3107540714core:LandBuildings2023-03-3107540714core:PlantMachinery2023-03-3107540714core:Vehicles2023-03-3107540714core:FurnitureFittings2023-03-3107540714core:OfficeEquipment2023-03-3107540714core:AfterOneYear2023-03-3107540714core:WithinOneYear2023-03-3107540714core:ListedExchangeTraded2023-03-3107540714core:UnlistedNon-exchangeTraded2023-03-3107540714core:ShareCapital2023-03-3107540714core:SharePremium2023-03-3107540714core:RevaluationReserve2023-03-3107540714core:OtherReservesSubtotal2023-03-3107540714core:RetainedEarningsAccumulatedLosses2023-03-3107540714core:NetGoodwill2022-03-3107540714core:IntangibleAssetsOtherThanGoodwill2022-03-3107540714core:LandBuildings2022-03-3107540714core:PlantMachinery2022-03-3107540714core:Vehicles2022-03-3107540714core:FurnitureFittings2022-03-3107540714core:OfficeEquipment2022-03-3107540714core:AfterOneYear2022-03-3107540714core:WithinOneYear2022-03-3107540714core:ListedExchangeTraded2022-03-3107540714core:UnlistedNon-exchangeTraded2022-03-3107540714core:ShareCapital2022-03-3107540714core:SharePremium2022-03-3107540714core:RevaluationReserve2022-03-3107540714core:OtherReservesSubtotal2022-03-3107540714core:RetainedEarningsAccumulatedLosses2022-03-3107540714core:NetGoodwill2021-04-0107540714core:IntangibleAssetsOtherThanGoodwill2021-04-0107540714core:LandBuildings2021-04-0107540714core:PlantMachinery2021-04-0107540714core:Vehicles2021-04-0107540714core:FurnitureFittings2021-04-0107540714core:OfficeEquipment2021-04-0107540714core:AfterOneYear2021-04-0107540714core:WithinOneYear2021-04-0107540714core:ListedExchangeTraded2021-04-0107540714core:UnlistedNon-exchangeTraded2021-04-0107540714core:ShareCapital2021-04-0107540714core:SharePremium2021-04-0107540714core:RevaluationReserve2021-04-0107540714core:OtherReservesSubtotal2021-04-0107540714core:RetainedEarningsAccumulatedLosses2021-04-0107540714core:AfterOneYear2022-04-012023-03-3107540714core:WithinOneYear2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107540714core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3107540714core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3107540714core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3107540714core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3107540714core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3107540714core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3107540714core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3107540714core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3107540714core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3107540714core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3107540714core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3107540714bus:Director12022-04-012023-03-3107540714core:FurnitureFittingsToolsEquipment2022-03-3107540714core:FurnitureFittingsToolsEquipment2023-03-3107540714core:FurnitureFittingsToolsEquipment2022-04-012023-03-31

Rudiemods Limited

Registered Number
07540714
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

Rudiemods Limited
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Mr M Poole

Registered Address

5 Blackall Industrial Estate
Hamberts Road
South Woodham Ferrers
CM3 5UW

Registered Number

07540714 (England and Wales)
Rudiemods Limited
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets857,14970,419
57,14970,419
Current assets
Stocks12372,681314,494
Debtors13133,311196,978
Cash at bank and on hand10,48838,211
516,480549,683
Creditors amounts falling due within one year14(136,816)(179,500)
Net current assets (liabilities)379,664370,183
Total assets less current liabilities436,813440,602
Creditors amounts falling due after one year15(57,610)(72,921)
Provisions for liabilities17(10,858)(13,293)
Net assets368,345354,388
Capital and reserves
Called up share capital11
Profit and loss account368,344354,387
Shareholders' funds368,345354,388
The financial statements were approved and authorised for issue by the Director on 20 July 2023, and are signed on its behalf by:
Mr M Poole
Director
Registered Company No. 07540714
Rudiemods Limited
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company continued to be that of online car modification kit supplies.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-6
Fixtures and fittings15-
Vehicles20-
Intangible assets policy
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is five years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Website: 5 years straight line
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease. Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20232022
Average number of employees during the year76
7.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 April 2253,0001,30454,304
At 31 March 2353,0001,30454,304
Amortisation and impairment
At 01 April 2253,0001,30454,304
At 31 March 2353,0001,30454,304
Net book value
At 31 March 23---
At 31 March 22---
8.Property, plant and equipment

Land & buildings

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 222,73559,80950,744113,288
At 31 March 232,73559,80950,744113,288
Depreciation and impairment
At 01 April 222,27913,41927,17142,869
Charge for year4569,2783,53613,270
At 31 March 232,73522,69730,70756,139
Net book value
At 31 March 23-37,11220,03757,149
At 31 March 2245646,39023,57370,419
9.Description of financial commitments other than capital commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: 2023 - £86,610 (2022 - £28,870).
10.Directors advances, credits and guarantees
At the year end the company owed the director £7,794 (2022 - £12,000) by way of their director's current account.
11.Dividends proposed and payable

2023

2022

££
Dividends Paid16,25034,000
Total16,25034,000
The dividends shown above were paid in the year in respect of shares held by the company’s directors.
12.Stocks

2023

2022

££
Finished goods372,681314,494
Total372,681314,494
13.Debtors

2023

2022

££
Trade debtors / trade receivables119,303188,855
Other debtors6,135-
Prepayments and accrued income7,8738,123
Total133,311196,978
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.
14.Creditors within one year

2023

2022

££
Trade creditors / trade payables94,536141,159
Bank borrowings and overdrafts10,78111,034
Taxation and social security12,1734,995
Finance lease and HP contracts5,5635,300
Other creditors9,41712,942
Accrued liabilities and deferred income4,3464,070
Total136,816179,500
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. The obligations under finance leases, shown as due both within and after one year, are secured against the asset to which they relate.
15.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts25,05834,806
Other creditors32,55238,115
Total57,61072,921
16.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts32,55238,115
17.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)10,85813,293
Total10,85813,293