Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31true162023-01-01falseNo description of principal activity20falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04211248 2023-01-01 2023-12-31 04211248 2022-01-01 2022-12-31 04211248 2023-12-31 04211248 2022-12-31 04211248 c:Director1 2023-01-01 2023-12-31 04211248 d:FurnitureFittings 2023-01-01 2023-12-31 04211248 d:FurnitureFittings 2023-12-31 04211248 d:FurnitureFittings 2022-12-31 04211248 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04211248 d:OfficeEquipment 2023-01-01 2023-12-31 04211248 d:OfficeEquipment 2023-12-31 04211248 d:OfficeEquipment 2022-12-31 04211248 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04211248 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04211248 d:OtherPropertyPlantEquipment 2023-12-31 04211248 d:OtherPropertyPlantEquipment 2022-12-31 04211248 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04211248 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04211248 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 04211248 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04211248 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 04211248 d:CurrentFinancialInstruments 2023-12-31 04211248 d:CurrentFinancialInstruments 2022-12-31 04211248 d:Non-currentFinancialInstruments 2023-12-31 04211248 d:Non-currentFinancialInstruments 2022-12-31 04211248 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04211248 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04211248 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04211248 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04211248 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04211248 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04211248 d:ShareCapital 2023-12-31 04211248 d:ShareCapital 2022-12-31 04211248 d:SharePremium 2023-12-31 04211248 d:SharePremium 2022-12-31 04211248 d:RetainedEarningsAccumulatedLosses 2023-12-31 04211248 d:RetainedEarningsAccumulatedLosses 2022-12-31 04211248 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04211248 c:OrdinaryShareClass1 2022-01-01 2022-12-31 04211248 c:OrdinaryShareClass1 2023-12-31 04211248 c:FRS102 2023-01-01 2023-12-31 04211248 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04211248 c:FullAccounts 2023-01-01 2023-12-31 04211248 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04211248


 

RDB CONCEPTS LIMITED
 
UNAUDITED
 
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 DECEMBER 2023

 
RDB CONCEPTS LIMITED
REGISTERED NUMBER: 04211248

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
177,154
177,154

Tangible assets
 5 
107,455
95,389

  
284,609
272,543

Current assets
  

Debtors: amounts falling due within one year
 6 
468,653
250,143

Cash at bank and in hand
  
318,520
201,884

  
787,173
452,027

Creditors: amounts falling due within one year
 7 
(883,568)
(525,737)

Net current liabilities
  
 
 
(96,395)
 
 
(73,710)

Total assets less current liabilities
  
188,214
198,833

Creditors: amounts falling due after more than one year
 8 
(7,851)
(56,148)

Provisions for liabilities
  

Deferred tax
  
(23,911)
(20,108)

Net assets
  
156,452
122,577


Capital and reserves
  

Called up share capital 
 10 
76
76

Share premium account
  
232
232

Profit and loss account
  
156,144
122,269

  
156,452
122,577

Page 1

 
RDB CONCEPTS LIMITED
REGISTERED NUMBER: 04211248

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P A Evans
Director

Date: 22 March 2024

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
RDB CONCEPTS LIMITED
 

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

1.


General information

RDB Concepts Limited is a limited liability company, limited by shares, incorporated and domiciled in the United Kingdom. The address of its registered office is Millhouse Business Centre Station Road, Castle Donington, Derby, England, DE74 2NJ.
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 December 2023 (2022: year ended 31 December 2022).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
RDB CONCEPTS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Development costs
-
no amortisation

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
RDB CONCEPTS LIMITED
 

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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
reducing balance
Computer equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2022: 16).

Page 5

 
RDB CONCEPTS LIMITED
 

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

4.


Intangible assets




Development costs

£



Cost


At 1 January 2023
400,154



At 31 December 2023

400,154



Amortisation


At 1 January 2023
223,000



At 31 December 2023

223,000



Net book value



At 31 December 2023
177,154



At 31 December 2022
177,154



Page 6

 
RDB CONCEPTS LIMITED
 

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

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost


At 1 January 2023
34,054
8,289
266,655
308,998


Additions
1,267
1,382
33,264
35,913



At 31 December 2023

35,321
9,671
299,919
344,911



Depreciation


At 1 January 2023
28,220
6,718
178,671
213,609


Charge for the year
1,715
383
21,749
23,847



At 31 December 2023

29,935
7,101
200,420
237,456



Net book value



At 31 December 2023
5,386
2,570
99,499
107,455



At 31 December 2022
5,834
1,571
87,984
95,389


6.


Debtors

2023
2022
£
£

Trade debtors
248,769
203,383

Other debtors
63,000
-

Prepayments and accrued income
156,884
46,760

468,653
250,143


Page 7

 
RDB CONCEPTS LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
613
-

Trade creditors
106,643
66,265

Corporation tax
96,253
98,423

Amounts owed to related parties
11,299
6,135

Other taxation and social security
129,652
78,095

Other loans
48,359
64,729

Other creditors
11,839
12,008

Accruals and deferred income
478,910
200,082

883,568
525,737



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
7,851
56,148



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
48,359
64,729

Amounts falling due 1-2 years

Other loans
7,851
56,148

56,210
120,877


The long-term loans are secured by a personal guarantee from the directors.
The above consists of a loan which is repayable on a monthly basis at an interest rate of 8.9% and will mature in March 2025.

Page 8

 
RDB CONCEPTS LIMITED
 

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

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



7,600 Ordinary shares of £0.01 each
76
76



11.


Pension commitments

The company operates a defined contribution pension scheme for the benefits of the directors and employees.The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge for the period represents contributions payable by the company to the fund and amounted to £14,652 (2022: £11,551). Contributions totaling £5,319 (2022: £2,835) were payable to the fund at the balance sheet date and are included in other creditors.


Page 9