R & D EXTRUSIONS LIMITED

Company Registration Number:
05840696 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

R & D EXTRUSIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

R & D EXTRUSIONS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,721 5,804
Total fixed assets: 3,721 5,804
Current assets
Stocks: 155,336 152,810
Debtors:   254,675 220,486
Cash at bank and in hand: 36,393 2,108
Total current assets: 446,404 375,404
Creditors: amounts falling due within one year: 4 (233,488) (184,657)
Net current assets (liabilities): 212,916 190,747
Total assets less current liabilities: 216,637 196,551
Creditors: amounts falling due after more than one year: 5 (29,779) (40,706)
Total net assets (liabilities): 186,858 155,845
Capital and reserves
Called up share capital: 101 101
Profit and loss account: 186,757 155,744
Shareholders funds: 186,858 155,845

The notes form part of these financial statements

R & D EXTRUSIONS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 April 2023
and signed on behalf of the board by:

Name: Richard Bishop
Status: Director

The notes form part of these financial statements

R & D EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 25% straight lineFixtures & Fittings 25% straight lineComputer Equipment 25% straight line

Valuation and information policy

Stocks and Work in ProgressStocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Other accounting policies

PensionsThe company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

R & D EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 12 12

R & D EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 160,912
Additions 3,743
At 31 March 2023 164,655
Depreciation
At 01 April 2022 155,108
Charge for year 5,826
At 31 March 2023 160,934
Net book value
At 31 March 2023 3,721
At 31 March 2022 5,804

R & D EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Trade Creditors £127953Corporation Tax £16150Other Taxes and Social Security £32050VAT £33658Other Creditors £1Accruals £3707Directors Loan Accounts £19969

R & D EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due after more than one year note

Lloyds Bank Loan £29779