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Company Registration No. 02651439 (England and Wales)
RADIO SYSTEMS INFORMATION LIMITED Unaudited accounts for the year ended 31 December 2022
RADIO SYSTEMS INFORMATION LIMITED Unaudited accounts Contents
Page
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RADIO SYSTEMS INFORMATION LIMITED Company Information for the year ended 31 December 2022
Director
E Douglas
Company Number
02651439 (England and Wales)
Registered Office
Kingswear House High Street Cranbrook Kent TN17 3EW
Accountants
Solert Accounting Ltd Centurion House London Road Staines-Upon-Thames Surrey TW18 4AX
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RADIO SYSTEMS INFORMATION LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,283 
44,295 
Current assets
Inventories
300 
450 
Debtors
18,833 
58,640 
Cash at bank and in hand
240,624 
15,914 
259,757 
75,004 
Creditors: amounts falling due within one year
(46,671)
(37,561)
Net current assets
213,086 
37,443 
Total assets less current liabilities
244,369 
81,738 
Provisions for liabilities
Other provisions
(3,062)
(4,456)
Net assets
241,307 
77,282 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
241,207 
77,182 
Shareholders' funds
241,307 
77,282 
For the year ending 31 December 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2023 and were signed on its behalf by
E Douglas Director Company Registration No. 02651439
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RADIO SYSTEMS INFORMATION LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
RADIO SYSTEMS INFORMATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02651439. The registered office is Kingswear House, High Street, Cranbrook , Kent, TN17 3EW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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RADIO SYSTEMS INFORMATION LIMITED Notes to the Accounts for the year ended 31 December 2022
Revenue recognition
Revenues comprise sales to outside customers after discounts, excluding value added tax. Income is recognised when the significant risks and rewards of ownership of the services are transferred to the customer, the sales price agreed and the receipt of payment can be assured. Revenue from services are treated as a single contract where they have been negotiated as a single commercial package and are so closely interrelated that they do not operate independently of each other.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
66,291 
21,445 
865 
14,675 
103,276 
Additions
- 
5,458 
- 
1,818 
7,276 
Disposals
- 
(10,241)
- 
- 
(10,241)
At 31 December 2022
66,291 
16,662 
865 
16,493 
100,311 
Depreciation
At 1 January 2022
45,475 
1,880 
561 
11,065 
58,981 
Charge for the year
5,458 
5,003 
76 
1,295 
11,832 
On disposals
- 
(1,785)
- 
- 
(1,785)
At 31 December 2022
50,933 
5,098 
637 
12,360 
69,028 
Net book value
At 31 December 2022
15,358 
11,564 
228 
4,133 
31,283 
At 31 December 2021
20,816 
19,565 
304 
3,610 
44,295 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
3,153 
4,316 
Trade debtors
10,978 
50,883 
Other debtors
4,702 
3,441 
18,833 
58,640 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
- 
12,099 
Taxes and social security
44,291 
10,535 
Other creditors
- 
13,947 
Accruals
2,380 
980 
46,671 
37,561 
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RADIO SYSTEMS INFORMATION LIMITED Notes to the Accounts for the year ended 31 December 2022
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At 31/12/2022, the company was owed £4,702 (2020: £3,441) by Mr E Douglas. The overdrawn Directors' loan accounts were repaid within nine months of the year end.
9
Controlling party
During the year the company was under the control of E Douglas.
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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