IRIS Accounts Production v23.3.0.418 10261244 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure102612442022-03-31102612442023-03-31102612442022-04-012023-03-31102612442021-03-31102612442021-04-012022-03-31102612442022-03-3110261244ns16:EnglandWales2022-04-012023-03-3110261244ns15:PoundSterling2022-04-012023-03-3110261244ns11:Director12022-04-012023-03-3110261244ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3110261244ns11:SmallEntities2022-04-012023-03-3110261244ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3110261244ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3110261244ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3110261244ns11:FullAccounts2022-04-012023-03-311026124412022-04-012023-03-3110261244ns6:CurrentFinancialInstruments2023-03-3110261244ns6:CurrentFinancialInstruments2022-03-3110261244ns6:ShareCapital2023-03-3110261244ns6:ShareCapital2022-03-3110261244ns6:RetainedEarningsAccumulatedLosses2023-03-3110261244ns6:RetainedEarningsAccumulatedLosses2022-03-3110261244ns11:RegisteredOffice2022-04-012023-03-3110261244ns6:NetGoodwill2022-04-012023-03-3110261244ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110261244ns6:PlantMachinery2022-04-012023-03-3110261244ns6:ComputerEquipment2022-04-012023-03-3110261244ns6:NetGoodwill2022-03-3110261244ns6:NetGoodwill2023-03-3110261244ns6:NetGoodwill2022-03-3110261244ns6:PlantMachinery2022-03-3110261244ns6:ComputerEquipment2022-03-3110261244ns6:PlantMachinery2023-03-3110261244ns6:ComputerEquipment2023-03-3110261244ns6:PlantMachinery2022-03-3110261244ns6:ComputerEquipment2022-03-3110261244ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3110261244ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 10261244 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Radman Associates Limited

Radman Associates Limited (Registered number: 10261244)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Radman Associates Limited (Registered number: 10261244)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 520,000 650,000
Tangible assets 5 8,734 4,911
528,734 654,911

CURRENT ASSETS
Stocks 9,700 45,586
Debtors 6 275,326 211,519
Cash at bank and in hand 1,359,523 1,331,759
1,644,549 1,588,864
CREDITORS
Amounts falling due within one year 7 (644,205 ) (915,015 )
NET CURRENT ASSETS 1,000,344 673,849
TOTAL ASSETS LESS CURRENT LIABILITIES 1,529,078 1,328,760

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 1,528,948 1,328,630
1,529,078 1,328,760

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2023 and were signed on its behalf by:




Mr R H Collins - Director


Radman Associates Limited (Registered number: 10261244)

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

1. STATUTORY INFORMATION

Radman Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10261244

Registered office: Harvey House
Wellington Road
Bollington
Macclesfield
Cheshire
SK10 5JR

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Radman Associates Limited (Registered number: 10261244)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,300,000
AMORTISATION
At 1 April 2022 650,000
Charge for year 130,000
At 31 March 2023 780,000
NET BOOK VALUE
At 31 March 2023 520,000
At 31 March 2022 650,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 5,169 10,924 16,093
Additions - 5,838 5,838
At 31 March 2023 5,169 16,762 21,931
DEPRECIATION
At 1 April 2022 4,003 7,179 11,182
Charge for year 291 1,724 2,015
At 31 March 2023 4,294 8,903 13,197
NET BOOK VALUE
At 31 March 2023 875 7,859 8,734
At 31 March 2022 1,166 3,745 4,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 263,072 198,494
Other debtors 12,254 13,025
275,326 211,519

Radman Associates Limited (Registered number: 10261244)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 7,480 6,384
Taxation and social security 204,454 216,248
Other creditors 432,271 692,383
644,205 915,015