RK CAD Services Ltd 10065885 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of computer aided design services Digita Accounts Production Advanced 6.30.9574.0 true true 10065885 2023-04-01 2024-03-31 10065885 2024-03-31 10065885 bus:OrdinaryShareClass1 2024-03-31 10065885 bus:OrdinaryShareClass2 2024-03-31 10065885 core:CurrentFinancialInstruments 2024-03-31 10065885 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10065885 core:FurnitureFittingsToolsEquipment 2024-03-31 10065885 core:DeferredTaxation 2024-03-31 10065885 bus:SmallEntities 2023-04-01 2024-03-31 10065885 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10065885 bus:FilletedAccounts 2023-04-01 2024-03-31 10065885 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10065885 bus:RegisteredOffice 2023-04-01 2024-03-31 10065885 bus:Director1 2023-04-01 2024-03-31 10065885 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10065885 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 10065885 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10065885 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10065885 core:OfficeEquipment 2023-04-01 2024-03-31 10065885 core:DeferredTaxation 2023-04-01 2024-03-31 10065885 countries:England 2023-04-01 2024-03-31 10065885 2023-03-31 10065885 core:FurnitureFittingsToolsEquipment 2023-03-31 10065885 core:DeferredTaxation 2023-03-31 10065885 2022-04-01 2023-03-31 10065885 2023-03-31 10065885 bus:OrdinaryShareClass1 2023-03-31 10065885 bus:OrdinaryShareClass2 2023-03-31 10065885 core:CurrentFinancialInstruments 2023-03-31 10065885 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10065885 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10065885

RK CAD Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

RK CAD Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

RK CAD Services Ltd

Company Information

Director

R King

Registered office

17 Ambassador
Bracknell
Berkshire
RG12 8XP

Accountants

Sable & Argent Limited
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

RK CAD Services Ltd

(Registration number: 10065885)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,234

5,963

Current assets

 

Debtors

5

9,114

3,863

Cash at bank and in hand

 

4,430

18,607

 

13,544

22,470

Creditors: Amounts falling due within one year

6

(13,542)

(20,377)

Net current assets

 

2

2,093

Total assets less current liabilities

 

4,236

8,056

Provisions for liabilities

(804)

(1,133)

Net assets

 

3,432

6,923

Capital and reserves

 

Called up share capital

8

20

20

Retained earnings

3,412

6,903

Shareholders' funds

 

3,432

6,923

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 April 2024
 

R King
Director

   
     
 

RK CAD Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 Ambassador
Bracknell
Berkshire
RG12 8XP

These financial statements were authorised for issue by the director on 5 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities during the year. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

RK CAD Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.3% p.a. on cost

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 services performed in the ordinary course of business. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

RK CAD Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons (including the director) employed by the company in the year, was 1 (2023: 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

15,608

15,608

Additions

521

521

At 31 March 2024

16,129

16,129

Depreciation

At 1 April 2023

9,645

9,645

Charge for the year

2,250

2,250

At 31 March 2024

11,895

11,895

Carrying amount

At 31 March 2024

4,234

4,234

At 31 March 2023

5,963

5,963

5

Debtors

Current

2024
£

2023
£

Trade debtors

9,114

3,863

 

9,114

3,863

 

RK CAD Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

11,253

6,470

Accruals and deferred income

688

663

Other creditors

1,601

13,244

13,542

20,377

7

Provisions for liabilities

Deferred tax
£

Total
£

At 1 April 2023

1,133

1,133

Increase (decrease) in existing provisions

(329)

(329)

At 31 March 2024

804

804

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

15

15

15

15

Ordinary B of £1 each

5

5

5

5

20

20

20

20