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Draft
Radstock Metals Limited
Registered Number:08119402
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 June 2023
Radstock Metals Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Draft
Registered Number :
08119402
As at 30 June 2023
Radstock Metals Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
27,238
30,265
27,238
30,265
Current assets
Inventories
5,000
5,000
2
Trade and other receivables
5,923
13,060
3
134,643
Cash and cash equivalents
71,880
89,940
145,566
Trade and other payables: amounts falling due
within one year
(64,749)
(34,703)
4
80,817
55,237
Net current assets
Total assets less current liabilities
82,475
111,082
Trade and other payables: amounts falling due after
more than one year
(32,935)
(23,166)
5
59,309
Net assets
78,147
Capital and reserves
Called up share capital
100
100
Retained earnings
59,209
78,047
59,309
78,147
Shareholders' funds
For the year ended 30 June 2023 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Draft
Registered Number :
08119402
For the year ended 30 June 2023
Radstock Metals Limited
Statement of Financial Position Continued
V H Hall Director
C S Hall Director
These financial statements were approved and authorised for issue by the Board on 27 August 2023 and were signed by:
The notes form part of these financial statements
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Draft
For the year ended 30 June 2023
Radstock Metals Limited
Notes to the Financial Statements
Statutory Information
Radstock Metals Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 08119402.
Registered address:
Old Gas Works
Coombend
Radstock
BA3 3AW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Reducing balance
10% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Inventories
2022
2023
£
£
Stocks
5,000
5,000
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For the year ended 30 June 2023
Radstock Metals Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
708
902
Other debtors
12,352
5,021
5,923
13,060
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
9,769
9,444
Trade creditors
3,245
2,345
Taxation and social security
14,791
28,090
Other creditors
6,898
24,870
34,703
64,749
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
23,166
32,935
6. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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