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REGISTERED NUMBER: 04869168 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

R D L Technologies Limited

R D L Technologies Limited (Registered number: 04869168)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R D L Technologies Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: R L Lockwood
Mrs A Lockwood





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





BUSINESS ADDRESS: Unit 10
Northbridge Works
Storey Street
Leicester
Leicestershire
LE3 5GR





REGISTERED NUMBER: 04869168 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

R D L Technologies Limited (Registered number: 04869168)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,307 42,021
49,307 42,021

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 387,736 343,872
Cash at bank 252,905 17,202
643,641 364,074
CREDITORS
Amounts falling due within one year 7 (169,644 ) (134,914 )
NET CURRENT ASSETS 473,997 229,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,304

271,181

CREDITORS
Amounts falling due after more than one
year

8

(34,133

)

(50,039

)

PROVISIONS FOR LIABILITIES (11,639 ) (7,068 )
NET ASSETS 477,532 214,074

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 477,232 213,774
SHAREHOLDERS' FUNDS 477,532 214,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R D L Technologies Limited (Registered number: 04869168)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





R L Lockwood - Director


R D L Technologies Limited (Registered number: 04869168)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

R D L Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received and receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government Grants receivable in relation to expenditure is recognised when the expenditure is charged to the profit and loss.

R D L Technologies Limited (Registered number: 04869168)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 20,000
AMORTISATION
At 1 June 2022
and 31 May 2023 20,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 10,332 100,955 7,596 10,187 129,070
Additions - 13,818 3,083 5,145 22,046
At 31 May 2023 10,332 114,773 10,679 15,332 151,116
DEPRECIATION
At 1 June 2022 5,513 64,966 7,098 9,472 87,049
Charge for year 2,066 9,961 676 2,057 14,760
At 31 May 2023 7,579 74,927 7,774 11,529 101,809
NET BOOK VALUE
At 31 May 2023 2,753 39,846 2,905 3,803 49,307
At 31 May 2022 4,819 35,989 498 715 42,021

R D L Technologies Limited (Registered number: 04869168)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 149,652 41,660
Amounts owed by group undertakings 234,253 298,484
Other debtors 3,831 3,728
387,736 343,872

Other debtors includes prepayments and accrued income of £3,831 (2022: £3,728).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,905 5,909
Trade creditors 53,178 28,818
Taxation and social security 87,833 37,192
Other creditors 12,728 52,995
169,644 134,914

Other creditors includes accruals and deferred income of £1,860 (2022: £32,860).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,833 30,833
Hire purchase contracts 13,300 19,206
34,133 50,039

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase 19,205 25,115

Hire purchase liabilities are secured on the individual assets being so acquired.