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REGISTERED NUMBER: SC558728 (Scotland)















Financial Statements for the Period 1st March 2022 to 31st March 2023

for

RSD Concrete Limited

RSD Concrete Limited (Registered number: SC558728)






Contents of the Financial Statements
for the Period 1st March 2022 to 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


RSD Concrete Limited

Company Information
for the Period 1st March 2022 to 31st March 2023







DIRECTORS: S I Dodd
Mrs L Dodd



SECRETARY: Mrs L Dodd



REGISTERED OFFICE: Unit 3 Kirkburn Industrial Estate
Lockerbie
DG11 2FF



REGISTERED NUMBER: SC558728 (Scotland)



AUDITORS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ



SOLICITORS: JHS Law
8 Bank Street
Dumfries
DG1 2NS

RSD Concrete Limited (Registered number: SC558728)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 148,589 218,130

CURRENT ASSETS
Debtors 5 181,062 58,849
Cash at bank 121,080 25,759
302,142 84,608
CREDITORS
Amounts falling due within one year 6 (70,940 ) (66,520 )
NET CURRENT ASSETS 231,202 18,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,791

236,218

CREDITORS
Amounts falling due after more than one year 7 - (11,319 )

PROVISIONS FOR LIABILITIES (36,038 ) (32,028 )
NET ASSETS 343,753 192,871

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 343,743 192,861
343,753 192,871

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 28th November 2023 and were signed on its behalf by:





Mrs L Dodd - Director


RSD Concrete Limited (Registered number: SC558728)

Notes to the Financial Statements
for the Period 1st March 2022 to 31st March 2023

1. STATUTORY INFORMATION

RSD Concrete Limited is a private company, limited by shares , registered in Scotland. 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 comprises revenue recognised by the company in respect of sales of concrete processed before close of business on the last working day of the year, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Assets obtained under 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.

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.

RSD Concrete Limited (Registered number: SC558728)

Notes to the Financial Statements - continued
for the Period 1st March 2022 to 31st March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price and represent the full value of the services charged to customers.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 443,103
Additions 751
Disposals (52,906 )
At 31st March 2023 390,948
DEPRECIATION
At 1st March 2022 224,973
Charge for period 26,222
Eliminated on disposal (8,836 )
At 31st March 2023 242,359
NET BOOK VALUE
At 31st March 2023 148,589
At 28th February 2022 218,130

RSD Concrete Limited (Registered number: SC558728)

Notes to the Financial Statements - continued
for the Period 1st March 2022 to 31st March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st March 2022 48,000
Disposals (48,000 )
At 31st March 2023 -
DEPRECIATION
At 1st March 2022 7,200
Eliminated on disposal (7,200 )
At 31st March 2023 -
NET BOOK VALUE
At 31st March 2023 -
At 28th February 2022 40,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,670 58,849
Amounts owed by group undertakings 116,213 -
Other debtors 1,179 -
181,062 58,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 9,055
Trade creditors 1,350 747
Taxation and social security 68,035 55,701
Other creditors 1,555 1,017
70,940 66,520

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 11,319

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gerald McGill, BA CA (Senior Statutory Auditor)
for and on behalf of Farries Kirk & McVean

9. RELATED PARTY DISCLOSURES

The company is a 100% subsidiary of Grange Quarry Limited and has taken advantage of exemption under section 33.1A from disclosing related party transactions with group members which are wholly owned.

RSD Concrete Limited (Registered number: SC558728)

Notes to the Financial Statements - continued
for the Period 1st March 2022 to 31st March 2023

10. ULTIMATE CONTROLLING PARTY

Mr & Mrs S Dodd are the ultimate controlling party.