Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31No description of principal activity2023-01-01false45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08215190 2023-01-01 2023-12-31 08215190 2022-01-01 2022-12-31 08215190 2023-12-31 08215190 2022-12-31 08215190 c:Director1 2023-01-01 2023-12-31 08215190 c:Director2 2023-01-01 2023-12-31 08215190 c:RegisteredOffice 2023-01-01 2023-12-31 08215190 d:CurrentFinancialInstruments 2023-12-31 08215190 d:CurrentFinancialInstruments 2022-12-31 08215190 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08215190 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08215190 d:ShareCapital 2023-12-31 08215190 d:ShareCapital 2022-12-31 08215190 d:RetainedEarningsAccumulatedLosses 2023-12-31 08215190 d:RetainedEarningsAccumulatedLosses 2022-12-31 08215190 c:FRS102 2023-01-01 2023-12-31 08215190 c:Audited 2023-01-01 2023-12-31 08215190 c:FullAccounts 2023-01-01 2023-12-31 08215190 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08215190 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 08215190







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


RADIANS WORLDWIDE LIMITED






































img73fe.png                        

 


RADIANS WORLDWIDE LIMITED
 


 
COMPANY INFORMATION


Directors
Mr M. Tutor 
Mrs R. Tutor 




Registered number
08215190



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


RADIANS WORLDWIDE LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


RADIANS WORLDWIDE LIMITED
REGISTERED NUMBER:08215190



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
691,527
1,483,741

Debtors: amounts falling due within one year
 4 
558,601
167,114

Cash at bank and in hand
  
960,594
960,194

  
2,210,722
2,611,049

Creditors: amounts falling due within one year
 5 
(1,418,372)
(1,778,370)

Net current assets
  
 
 
792,350
 
 
832,679

Total assets less current liabilities
  
792,350
832,679

  

Net assets
  
792,350
832,679


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
792,250
832,579

  
792,350
832,679


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 statement of comprehensive income 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: 




................................................
Mrs R. Tutor
Director

Date: 9 April 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


RADIANS WORLDWIDE LIMITED
 


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

1.


General information

Radians Worldwide Limited is a private company limited by shares and is incorporated in England and Wales. The trading address is 1st Floor East Suite, Waterfront, Salts Mill Road, Shipley, BD17 7TD, United Kingdom. The registered address is included on the company information page.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP. 
Transactions and balances
Foreign currency transactions are translated into the functional currency, sterling, using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2

 


RADIANS WORLDWIDE LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss 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 reporting date in the countries where the Company operates and generates income.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

 
2.7

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).


4.


Debtors

2023
2022
£
£


Trade debtors
245,504
155,464

Amounts owed by group undertakings
311,086
-

Other debtors
2,011
2,123

Tax recoverable
-
9,527

558,601
167,114


Page 3

 


RADIANS WORLDWIDE LIMITED
 


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

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
48,815

Amounts owed to group undertakings
1,130,732
1,086,631

Other taxation and social security
92,015
81,777

Accruals and deferred income
195,625
561,147

1,418,372
1,778,370



6.


Parent company

Safety Supply Corporation, a company registered in the USA is the parent company of the smallest group for which consolidated financial statements are drawn up of which the company is a member. The parent company's registered office is 880 N. Hills Blvd.,St. 505 Reno, NV 89506 USA.


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 9 April 2024 by Sophie Said FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 4