Registered number
07642545
RDC UK (LONDON) LTD
Filleted Accounts
31 May 2023
RDC UK (LONDON) LTD
Registered number: 07642545
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,265,541 1,271,985
Current assets
Stocks 797 1,297
Debtors 4 10,300 8,449
Cash at bank and in hand 90,584 109,109
101,681 118,855
Creditors: amounts falling due within one year 5 (180,544) (163,437)
Net current liabilities (78,863) (44,582)
Total assets less current liabilities 1,186,678 1,227,403
Creditors: amounts falling due after more than one year 6 (822,266) (930,876)
Net assets 364,412 296,527
Capital and reserves
Called up share capital 100 100
Profit and loss account 364,312 296,427
Shareholders' funds 364,412 296,527
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Javaid Akhtar
Director
Approved by the board on 8 November 2023
RDC UK (LONDON) LTD
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 10% RBM
Fixtures, fittings, tools and equipment 10% RBM
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2022 1,207,554 155,822 1,363,376
At 31 May 2023 1,207,554 155,822 1,363,376
Depreciation
At 1 June 2022 - 91,391 91,391
Charge for the year - 6,444 6,444
At 31 May 2023 - 97,835 97,835
Net book value
At 31 May 2023 1,207,554 57,987 1,265,541
At 31 May 2022 1,207,554 64,431 1,271,985
4 Debtors 2023 2022
£ £
Trade debtors - 2,398
Amounts owed by group undertakings and undertakings in which the company has a participating interest 7,467 4,038
Other debtors 2,833 2,013
10,300 8,449
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 111,700 107,221
Trade creditors 24,412 10,858
Accruals 3,500 3,500
Taxation and social security costs 38,069 39,039
Other creditors 2,863 2,819
180,544 163,437
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 162,060 259,628
Amounts owed to group undertakings and undertakings in which the company has a participating interest 42,287 52,287
Director's account 617,919 618,961
822,266 930,876
7 Other information
RDC UK (LONDON) LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 Wangey road
Romford
England
RM6 4DD
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