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
RADIO SYSTEMS INFORMATION LIMITED
Company Information
for the year ended 31 December 2022
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
RADIO SYSTEMS INFORMATION LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
31,283
44,295
Cash at bank and in hand
240,624
15,914
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)
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
RADIO SYSTEMS INFORMATION LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 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.
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.
RADIO SYSTEMS INFORMATION LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
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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
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
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
Amounts falling due within one year
Trade debtors
10,978
50,883
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Creditors: amounts falling due within one year
2022
2021
Taxes and social security
44,291
10,535
RADIO SYSTEMS INFORMATION LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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.
During the year the company was under the control of E Douglas.
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Average number of employees
During the year the average number of employees was 1 (2021: 1).