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REGISTERED NUMBER: 07951150 (England and Wales)















RADIUS CONTRACTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






RADIUS CONTRACTING LIMITED (REGISTERED NUMBER: 07951150)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RADIUS CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: Mr. A Brace





REGISTERED OFFICE: Tailoy House
Tygwyn Crescent
Cardiff
CF23 5JL





REGISTERED NUMBER: 07951150 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

RADIUS CONTRACTING LIMITED (REGISTERED NUMBER: 07951150)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,500
Tangible assets 5 45,045 23,759
51,045 30,259

CURRENT ASSETS
Stocks 3,000 2,500
Debtors 6 83,788 34,237
Cash at bank and in hand 9,347 7,412
96,135 44,149
CREDITORS
Amounts falling due within one year 7 93,406 46,702
NET CURRENT ASSETS/(LIABILITIES) 2,729 (2,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,774 27,706

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 53,773 27,705
SHAREHOLDERS' FUNDS 53,774 27,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RADIUS CONTRACTING LIMITED (REGISTERED NUMBER: 07951150)

STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 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 director and authorised for issue on 13th November 2023 and were signed by:





Mr. A Brace - Director


RADIUS CONTRACTING LIMITED (REGISTERED NUMBER: 07951150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Radius Contracting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

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.

RADIUS CONTRACTING LIMITED (REGISTERED NUMBER: 07951150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 10,000
AMORTISATION
At 1st March 2022 3,500
Amortisation for year 500
At 28th February 2023 4,000
NET BOOK VALUE
At 28th February 2023 6,000
At 28th February 2022 6,500

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st March 2022 13,286 37,501 50,787
Additions - 32,548 32,548
At 28th February 2023 13,286 70,049 83,335
DEPRECIATION
At 1st March 2022 10,572 16,456 27,028
Charge for year 543 10,719 11,262
At 28th February 2023 11,115 27,175 38,290
NET BOOK VALUE
At 28th February 2023 2,171 42,874 45,045
At 28th February 2022 2,714 21,045 23,759

RADIUS CONTRACTING LIMITED (REGISTERED NUMBER: 07951150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,788 16,084
Other debtors - 18,153
83,788 34,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,000 30,000
Trade creditors 43,748 6,595
Taxation and social security 13,003 8,007
Other creditors 18,655 2,100
93,406 46,702

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £0.00 1 1 1