2022-07-01 06925864 2023-06-30 06925864 2022-07-01 2023-06-30 06925864 2022-06-30 06925864 2021-07-01 2022-06-30 06925864 uk-core:WithinOneYear 2022-06-30 06925864 uk-core:WithinOneYear 2023-06-30 06925864 uk-core:AfterOneYear 2022-06-30 06925864 uk-core:AfterOneYear 2023-06-30 06925864 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 06925864 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 06925864 uk-core:OtherMiscellaneousReserve 2023-06-30 06925864 uk-bus:Director1 2022-07-01 2023-06-30 06925864 uk-core:NetGoodwill 2022-07-01 2023-06-30 06925864 uk-core:VehiclesPlantMachinery 2022-07-01 2023-06-30 06925864 uk-core:AfterOneYear uk-core:Secured 2023-06-30 06925864 uk-core:AfterOneYear uk-core:Secured 2022-06-30 iso4217:GBP xbrli:pure 06925864 uk-bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 06925864 uk-bus:FRS102 2022-07-01 2023-06-30 06925864 uk-bus:FilletedAccounts 2022-07-01 2023-06-30 06925864 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
Draft
RADNOR AUCTIONS LIMITED
Registered Number:06925864
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 June 2023
RADNOR AUCTIONS LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
06925864
As at 30 June 2023
RADNOR AUCTIONS LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
59
72
2
59
72
Current assets
13,254
Cash and cash equivalents
33,120
33,120
13,254
Trade and other payables: amounts falling due within one
year
(2,750)
-
3
10,504
33,120
Net current assets
Total assets less current liabilities
33,179
10,576
Trade and other payables: amounts falling due after more
than one year
(36,349)
(46,590)
4
(13,411)
Net liabilities
(25,773)
Capital and reserves
Retained earnings
(14,846)
(27,208)
Other reserves
1,435
1,435
(13,411)
(25,773)
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 delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
WINSTON RICHARD PHILLIPS Director
These financial statements were approved and authorised for issue by the Board on 01 November 2023 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 June 2023
RADNOR AUCTIONS LIMITED
Notes to the Financial Statements
Statutory Information
RADNOR AUCTIONS LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06925864.
Registered address:
TIMES BUILDING
SOUTH CRESCENT
LLANDRINDOD WELLS
LD1 5DH
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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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:
25% 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 payable under operating leases are charged against income on a straight line basis over the lease term.
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5
Draft
For the year ended 30 June 2023
RADNOR AUCTIONS LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor vehicles
£
Cost or
valuation
At 01 July 2022
422
At 30 June 2023
422
Provision for depreciation and impairment
At 01 July 2022
350
Charge for year
13
At 30 June 2023
363
At 30 June 2023
Net book value
59
At 30 June 2022
72
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
2,750
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
-
11,667
Other creditors
46,590
24,682
46,590
36,349
5. Average number of persons employed
During the year the average number of employees was 0
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