Silverfin false 31/01/2023 01/02/2022 31/01/2023 R Louden 14/01/2009 D Louden 14/01/2009 17 October 2023 The principal activity of the Company during the financial year is that of specialised parts and machine manufacture. 06791223 2023-01-31 06791223 bus:Director1 2023-01-31 06791223 bus:Director2 2023-01-31 06791223 2022-01-31 06791223 core:CurrentFinancialInstruments 2023-01-31 06791223 core:CurrentFinancialInstruments 2022-01-31 06791223 core:Non-currentFinancialInstruments 2023-01-31 06791223 core:Non-currentFinancialInstruments 2022-01-31 06791223 core:ShareCapital 2023-01-31 06791223 core:ShareCapital 2022-01-31 06791223 core:RetainedEarningsAccumulatedLosses 2023-01-31 06791223 core:RetainedEarningsAccumulatedLosses 2022-01-31 06791223 core:PlantMachinery 2022-01-31 06791223 core:FurnitureFittings 2022-01-31 06791223 core:OfficeEquipment 2022-01-31 06791223 core:PlantMachinery 2023-01-31 06791223 core:FurnitureFittings 2023-01-31 06791223 core:OfficeEquipment 2023-01-31 06791223 2022-02-01 2023-01-31 06791223 bus:FullAccounts 2022-02-01 2023-01-31 06791223 bus:SmallEntities 2022-02-01 2023-01-31 06791223 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 06791223 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06791223 bus:Director1 2022-02-01 2023-01-31 06791223 bus:Director2 2022-02-01 2023-01-31 06791223 core:PlantMachinery 2022-02-01 2023-01-31 06791223 core:FurnitureFittings 2022-02-01 2023-01-31 06791223 core:OfficeEquipment 2022-02-01 2023-01-31 06791223 2021-02-01 2022-01-31 06791223 core:PlantMachinery 1 2022-02-01 2023-01-31 06791223 core:FurnitureFittings 1 2022-02-01 2023-01-31 06791223 core:OfficeEquipment 1 2022-02-01 2023-01-31 06791223 1 2022-02-01 2023-01-31 06791223 core:Non-currentFinancialInstruments 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Company No: 06791223 (England and Wales)

R & D AUTOMATION LTD

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

R & D AUTOMATION LTD

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

R & D AUTOMATION LTD

BALANCE SHEET

As at 31 January 2023
R & D AUTOMATION LTD

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 11,709 15,612
11,709 15,612
Current assets
Stocks 4 615 575
Debtors 5 30,456 8,399
Cash at bank and in hand 16,622 51,812
47,693 60,786
Creditors: amounts falling due within one year 6 ( 50,345) ( 56,563)
Net current (liabilities)/assets (2,652) 4,223
Total assets less current liabilities 9,057 19,835
Creditors: amounts falling due after more than one year 7 ( 12,180) ( 28,195)
Provision for liabilities ( 2,225) ( 2,880)
Net liabilities ( 5,348) ( 11,240)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 5,448 ) ( 11,340 )
Total shareholders' deficit ( 5,348) ( 11,240)

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of R & D Automation Ltd (registered number: 06791223) were approved and authorised for issue by the Board of Directors on 17 October 2023. They were signed on its behalf by:

D Louden
Director
R & D AUTOMATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
R & D AUTOMATION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

R & D Automation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England. The address of the Company's registered office is 121 Hillside Road , Corfe Mullen , Wimborne , Dorset, United Kingdom, BH21 3SD.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of R & D Automation Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyers.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line,reducing balance] basis over its expected useful life, as follows:

Plant and machinery is depreciated on a 25% reducing balance basis.

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 February 2022 39,631 130 1,645 41,406
0 0 0 0
At 31 January 2023 39,631 130 1,645 41,406
Accumulated depreciation
At 01 February 2022 25,455 33 306 25,794
Charge for the financial year 3,544 24 335 3,903
At 31 January 2023 28,999 57 641 29,697
Net book value
At 31 January 2023 10,632 73 1,004 11,709
At 31 January 2022 14,176 97 1,339 15,612

4. Stocks

2023 2022
£ £
Stocks 615 575

5. Debtors

2023 2022
£ £
Trade debtors 30,456 8,399

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 15,480 1,457
Other taxation and social security 9,457 4,533
Other creditors 25,408 50,573
50,345 56,563

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 12,180 28,195

There are no amounts included above in respect of which any security has been given by the small entity.