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REGISTERED NUMBER: 08221678 (England and Wales)












RDBIFS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






RDBIFS LTD (REGISTERED NUMBER: 08221678)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RDBIFS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: Mr C T Dunk
Mr P B Williams
Mr P R M Penfold
Ms U H Nowak





Registered office: The Stables
Levens Hall
KENDAL
LA8 0PB





Registered number: 08221678 (England and Wales)





Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

RDBIFS LTD (REGISTERED NUMBER: 08221678)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 648,882 713,450
Tangible assets 5 24,244 24,547
673,126 737,997

Current assets
Debtors 6 465,506 462,562
Cash at bank and in hand 265,581 161,719
731,087 624,281
Creditors
Amounts falling due within one year 7 156,263 123,143
Net current assets 574,824 501,138
Total assets less current liabilities 1,247,950 1,239,135

Creditors
Amounts falling due after more than one
year

8

(12,488

)

(16,192

)

Provisions for liabilities (6,061 ) (4,664 )
Net assets 1,229,401 1,218,279

Capital and reserves
Called up share capital 9 428,600 428,600
Share premium 741,936 741,936
Retained earnings 58,865 47,743
Shareholders' funds 1,229,401 1,218,279

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

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

RDBIFS LTD (REGISTERED NUMBER: 08221678)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





Mr C T Dunk - Director


RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

RDBIFS Ltd 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.

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 and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

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 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.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 balance sheet date.


RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. Accounting policies - continued
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 year 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.

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 14 (2022 - 12 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 1,142,000
Amortisation
At 1 January 2023 428,550
Charge for year 64,568
At 31 December 2023 493,118
Net book value
At 31 December 2023 648,882
At 31 December 2022 713,450

RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2023 56,724
Additions 7,553
At 31 December 2023 64,277
Depreciation
At 1 January 2023 32,177
Charge for year 7,856
At 31 December 2023 40,033
Net book value
At 31 December 2023 24,244
At 31 December 2022 24,547

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 423,803 422,933
Other debtors 41,703 39,629
465,506 462,562

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 3,704 3,704
Taxation and social security 116,511 67,367
Other creditors 36,048 52,072
156,263 123,143

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 12,488 16,192

RDBIFS LTD (REGISTERED NUMBER: 08221678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
428,565 A Ordinary share capital £1 428,565 428,565
35 B Ordinary share capital £1 35 35
428,600 428,600